Franklin Resources Inc. Acquires 373,442 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Franklin Resources Inc. lifted its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 11.3% during the 4th quarter, Holdings Channel reports. The firm owned 3,672,171 shares of the company’s stock after acquiring an additional 373,442 shares during the period. Franklin Resources Inc.’s holdings in Hilton Grand Vacations were worth $143,031,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. KBC Group NV raised its holdings in Hilton Grand Vacations by 41.2% in the fourth quarter. KBC Group NV now owns 3,046 shares of the company’s stock worth $119,000 after purchasing an additional 889 shares during the period. Aigen Investment Management LP acquired a new stake in Hilton Grand Vacations during the 4th quarter worth $200,000. Crossmark Global Holdings Inc. bought a new position in Hilton Grand Vacations during the fourth quarter worth about $204,000. FourThought Financial Partners LLC acquired a new position in Hilton Grand Vacations in the fourth quarter valued at about $232,000. Finally, Cibc World Markets Corp bought a new stake in shares of Hilton Grand Vacations in the fourth quarter worth about $261,000. Institutional investors own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

HGV has been the subject of a number of research reports. Barclays increased their target price on Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. The Goldman Sachs Group increased their price objective on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, March 4th. Mizuho boosted their price objective on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Saturday, March 1st. Finally, JMP Securities cut their price target on 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $47.25.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV opened at $37.97 on Thursday. 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 50 day moving average price of $40.04 and a 200 day moving average price of $39.44. The stock has a market capitalization of $3.59 billion, a PE ratio of 43.15, a price-to-earnings-growth ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 52 week low of $33.21 and a 52 week high of $46.89.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.40). The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Analysts predict 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.