Hilton Grand Vacations Inc. (NYSE:HGV) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its stake in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 892,091 shares of the company’s stock after acquiring an additional 83,334 shares during the period. Northern Trust Corp’s holdings in Hilton Grand Vacations were worth $34,747,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. grew its stake in Hilton Grand Vacations by 11.3% in the fourth quarter. Franklin Resources Inc. now owns 3,672,171 shares of the company’s stock worth $143,031,000 after purchasing an additional 373,442 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hilton Grand Vacations by 21.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,935,231 shares of the company’s stock worth $114,329,000 after buying an additional 512,362 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Hilton Grand Vacations by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 892,057 shares of the company’s stock worth $34,746,000 after acquiring an additional 30,019 shares in the last quarter. Norges Bank bought a new stake in shares of Hilton Grand Vacations in the 4th quarter valued at approximately $33,047,000. Finally, PB Investment Partners L.P. raised its position in shares of Hilton Grand Vacations by 5.9% during the 4th quarter. PB Investment Partners L.P. now owns 571,414 shares of the company’s stock valued at $22,257,000 after acquiring an additional 31,939 shares in the last quarter. Institutional investors own 97.23% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on HGV. Barclays decreased their price objective on shares of Hilton Grand Vacations from $45.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. The Goldman Sachs Group lifted their price target on shares of Hilton Grand Vacations from $30.00 to $34.00 and gave the company a “sell” rating in a report on Friday, May 2nd. JMP Securities reiterated a “market outperform” rating and set a $50.00 price objective on shares of Hilton Grand Vacations in a research note on Monday, May 5th. Truist Financial lifted their target price on Hilton Grand Vacations from $51.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Finally, Morgan Stanley dropped their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Hilton Grand Vacations presently has a consensus rating of “Hold” and an average price target of $46.00.

Hilton Grand Vacations Stock Performance

HGV opened at $38.94 on Friday. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The business’s 50 day moving average is $36.01 and its 200-day moving average is $39.02. The stock has a market cap of $3.57 billion, a PE ratio of 44.25, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60. Hilton Grand Vacations Inc. has a twelve month low of $30.59 and a twelve month high of $44.99.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.40). Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $0.95 EPS. The firm’s revenue was down .7% on a year-over-year basis. On average, analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations Company Profile

Hilton Grand Vacations Inc, a timeshare company, develops, markets, sells, manages, and operates the resorts, plans and ancillary reservation services under the Hilton Grand Vacations brand. It operates through Real Estate Sales and Financing, and Resort Operations and Club Management segments. Real Estate Sales and Financing segment market and sells the VOIs, and source VOIs through fee-for-service agreements with third-party developers; and provides consumer financing and services loans.