Bank of New York Mellon Corp Sells 31,781 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Bank of New York Mellon Corp reduced its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 483,535 shares of the company’s stock after selling 31,781 shares during the period. Bank of New York Mellon Corp owned 0.49% of Hilton Grand Vacations worth $18,834,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HGV. KBC Group NV lifted its holdings in shares of Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock valued at $119,000 after purchasing an additional 889 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Hilton Grand Vacations during the fourth quarter valued at approximately $204,000. Wittenberg Investment Management Inc. purchased a new position in Hilton Grand Vacations in the 3rd quarter worth approximately $345,000. MassMutual Private Wealth & Trust FSB raised its holdings in Hilton Grand Vacations by 38,000.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 9,525 shares of the company’s stock worth $371,000 after acquiring an additional 9,500 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in Hilton Grand Vacations in the 4th quarter worth approximately $467,000. 97.23% of the stock is owned by institutional investors.

Hilton Grand Vacations Trading Down 6.8 %

Shares of HGV stock opened at $37.74 on Tuesday. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $47.81. The firm has a fifty day moving average price of $40.71 and a 200-day moving average price of $39.48. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 42.89, a PEG ratio of 2.20 and a beta of 1.84.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 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 $1.28 billion for the quarter, compared to the consensus estimate of $1.28 billion. As a group, equities analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HGV shares. JMP Securities decreased their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating for the company in a report on Wednesday, December 18th. Truist Financial boosted their price objective on shares of Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a report on Friday. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Morgan Stanley started coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an “overweight” rating and a $47.00 price objective for the company. Finally, Barclays boosted their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations has an average rating of “Hold” and an average target price of $47.25.

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.