KBC Group NV Has $119,000 Stock Position in Hilton Grand Vacations Inc. (NYSE:HGV)

KBC Group NV boosted its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 41.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,046 shares of the company’s stock after acquiring an additional 889 shares during the quarter. KBC Group NV’s holdings in Hilton Grand Vacations were worth $119,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Hilton Grand Vacations by 39.0% during the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company’s stock valued at $118,817,000 after acquiring an additional 917,397 shares during the last quarter. Franklin Resources Inc. raised its holdings in Hilton Grand Vacations by 17.8% in the 3rd quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company’s stock worth $117,402,000 after acquiring an additional 499,067 shares during the period. Barclays PLC lifted its position in Hilton Grand Vacations by 330.8% during the 3rd quarter. Barclays PLC now owns 246,131 shares of the company’s stock worth $8,941,000 after acquiring an additional 188,997 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Hilton Grand Vacations during the third quarter valued at about $2,688,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Hilton Grand Vacations in the third quarter valued at about $2,385,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Hilton Grand Vacations

In related news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the sale, the insider now directly owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles R. Jr. Corbin sold 49,389 shares of Hilton Grand Vacations stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $41.55, for a total value of $2,052,112.95. Following the completion of the transaction, the insider now owns 88,532 shares of the company’s stock, valued at approximately $3,678,504.60. The trade was a 35.81 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

HGV has been the subject of several research analyst reports. Truist Financial cut their price objective on Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a research report on Tuesday, November 26th. Barclays reissued an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. 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 research report on Tuesday, November 12th. The Goldman Sachs Group increased their price target on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a report on Tuesday, December 10th. Finally, Morgan Stanley began coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They set an “overweight” rating and a $47.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $44.00.

Hilton Grand Vacations Trading Down 2.1 %

Shares of HGV stock opened at $41.69 on Friday. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $49.02. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 47.38, a P/E/G ratio of 2.16 and a beta of 1.85. The firm has a fifty day moving average of $40.21 and a 200-day moving average of $39.07.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business’s revenue was up 28.3% compared to the same quarter last year. On average, equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal 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.