Fifth Third Bancorp Sells 675 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Fifth Third Bancorp cut its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,125 shares of the company’s stock after selling 675 shares during the period. Fifth Third Bancorp’s holdings in Hilton Grand Vacations were worth $161,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HGV. Reston Wealth Management LLC bought a new position in Hilton Grand Vacations in the 3rd quarter worth approximately $25,000. Blue Trust Inc. increased its position in Hilton Grand Vacations by 141.7% during the third quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after acquiring an additional 588 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Hilton Grand Vacations during the 4th quarter valued at $204,000. Wittenberg Investment Management Inc. acquired a new position in Hilton Grand Vacations during the 3rd quarter valued at $345,000. Finally, MassMutual Private Wealth & Trust FSB boosted 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 valued at $371,000 after purchasing an additional 9,500 shares during the period. Institutional investors and hedge funds own 97.23% of the company’s stock.

Hilton Grand Vacations Trading Down 2.4 %

Shares of Hilton Grand Vacations stock opened at $41.25 on Friday. Hilton Grand Vacations Inc. has a 12-month low of $33.21 and a 12-month high of $49.02. The stock has a market capitalization of $4.06 billion, a P/E ratio of 46.88, a price-to-earnings-growth ratio of 2.15 and a beta of 1.86. The company has a 50-day simple moving average of $40.29 and a 200 day simple moving average of $39.13. 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 (NYSE:HGV) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.98 EPS. Research analysts expect that Hilton Grand Vacations Inc. will post 3.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts have recently commented on HGV shares. Barclays reaffirmed an “equal weight” rating and set a $41.00 price objective (down previously from $44.00) on shares of Hilton Grand Vacations in a research report on Friday, December 13th. Truist Financial reduced 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. The Goldman Sachs Group boosted their price objective on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a “sell” rating in a research report on Tuesday, December 10th. Morgan Stanley assumed coverage on Hilton Grand Vacations in a research report on Monday, January 6th. They issued an “overweight” rating and a $47.00 target price for the company. Finally, JMP Securities lowered their price target on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.00.

About Hilton Grand Vacations

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.