Principal Financial Group Inc. Trims Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Principal Financial Group Inc. decreased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 35.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,793 shares of the company’s stock after selling 82,005 shares during the quarter. Principal Financial Group Inc. owned about 0.15% of Hilton Grand Vacations worth $5,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Reston Wealth Management LLC purchased a new stake in shares of Hilton Grand Vacations in the 3rd quarter worth about $25,000. nVerses Capital LLC purchased a new position in shares of Hilton Grand Vacations during the 2nd quarter worth approximately $32,000. Blue Trust Inc. raised its position in shares of Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after acquiring an additional 588 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Hilton Grand Vacations in the 2nd quarter valued at approximately $93,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Hilton Grand Vacations during the second quarter valued at approximately $120,000. Institutional investors own 97.23% of the company’s stock.

Analyst Ratings Changes

HGV has been the topic of a number of research reports. Mizuho dropped their target price on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group started coverage on Hilton Grand Vacations in a research note on Wednesday, September 18th. They issued a “sell” rating and a $31.00 target price on the stock. StockNews.com lowered Hilton Grand Vacations from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $36.00 in a research note on Friday, August 9th. Finally, Truist Financial cut their price target on shares of Hilton Grand Vacations from $71.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of “Hold” and a consensus target price of $44.00.

Hilton Grand Vacations Stock Down 0.1 %

Shares of Hilton Grand Vacations stock opened at $40.78 on Thursday. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. Hilton Grand Vacations Inc. has a twelve month low of $33.21 and a twelve month high of $49.02. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 46.39, a price-to-earnings-growth ratio of 2.27 and a beta of 1.82. The company’s 50 day moving average is $37.98 and its 200 day moving average is $39.34.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. Research analysts anticipate that Hilton Grand Vacations Inc. will post 3.49 EPS 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.