American International Group Inc. Trims Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

American International Group Inc. lowered its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 4.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 135,668 shares of the company’s stock after selling 6,690 shares during the period. American International Group Inc.’s holdings in Hilton Grand Vacations were worth $5,451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UBS Group AG lifted its position in Hilton Grand Vacations by 35.4% during the 3rd quarter. UBS Group AG now owns 85,051 shares of the company’s stock valued at $3,462,000 after acquiring an additional 22,225 shares during the period. Deutsche Bank AG increased its stake in shares of Hilton Grand Vacations by 3.2% during the third quarter. Deutsche Bank AG now owns 119,329 shares of the company’s stock valued at $4,857,000 after purchasing an additional 3,734 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Hilton Grand Vacations during the third quarter valued at approximately $85,000. Hsbc Holdings PLC bought a new stake in shares of Hilton Grand Vacations in the 3rd quarter worth approximately $1,050,000. Finally, Federated Hermes Inc. grew its stake in shares of Hilton Grand Vacations by 14.1% in the 3rd quarter. Federated Hermes Inc. now owns 13,429 shares of the company’s stock worth $547,000 after buying an additional 1,655 shares during the last quarter. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Down 0.3 %

Shares of Hilton Grand Vacations stock opened at $40.08 on Friday. Hilton Grand Vacations Inc. has a twelve month low of $33.13 and a twelve month high of $49.02. The company has a quick ratio of 3.11, a current ratio of 4.44 and a debt-to-equity ratio of 3.09. The company’s 50 day moving average is $42.03 and its 200 day moving average is $42.82. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 1.82 and a beta of 1.89.

Hilton Grand Vacations (NYSE:HGV) last announced its earnings results on Thursday, May 9th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.12 billion. Hilton Grand Vacations had a net margin of 5.62% and a return on equity of 19.41%. The company’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. Research analysts anticipate that Hilton Grand Vacations Inc. will post 3.74 EPS for the current year.

Wall Street Analysts Forecast Growth

HGV has been the subject of a number of recent research reports. Truist Financial lifted their price objective on Hilton Grand Vacations from $70.00 to $71.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Mizuho began coverage on shares of Hilton Grand Vacations in a research note on Tuesday, March 26th. They issued a “buy” rating and a $63.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Hilton Grand Vacations in a research note on Monday, April 15th. They set an “overweight” rating and a $59.00 price objective for the company. Barclays upped their target price on shares of Hilton Grand Vacations from $47.00 to $54.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $55.00 price objective on shares of Hilton Grand Vacations in a research report on Friday, March 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.71.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Jorge Pablo Brizi sold 28,000 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $47.00, for a total transaction of $1,316,000.00. Following the completion of the sale, the insider now directly owns 51,855 shares in the company, valued at approximately $2,437,185. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.30% of the stock is owned by corporate insiders.

Hilton Grand Vacations 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.