Bank of New York Mellon Corp Has $18.83 Million Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

Bank of New York Mellon Corp decreased its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 483,535 shares of the company's stock after selling 31,781 shares during the quarter. Bank of New York Mellon Corp owned about 0.49% of Hilton Grand Vacations worth $18,834,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KBC Group NV grew its position in shares of Hilton Grand Vacations by 41.2% in 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. acquired a new position in shares of Hilton Grand Vacations in the fourth quarter valued at approximately $204,000. Wittenberg Investment Management Inc. acquired a new stake in Hilton Grand Vacations during the third quarter worth approximately $345,000. MassMutual Private Wealth & Trust FSB grew its position in Hilton Grand Vacations by 38,000.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 9,525 shares of the company's stock worth $371,000 after buying an additional 9,500 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Hilton Grand Vacations during the fourth quarter worth approximately $467,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Analyst Ratings Changes

HGV has been the topic of a number of analyst reports. Barclays increased their price target on Hilton Grand Vacations from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research report on Friday, February 28th. Truist Financial increased their price target on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Mizuho increased their price target on Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. The Goldman Sachs Group increased their price target on Hilton Grand Vacations from $37.00 to $42.00 and gave the stock a "sell" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley began coverage on Hilton Grand Vacations in a research note on Monday, January 6th. They set an "overweight" rating and a $47.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $47.25.

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Hilton Grand Vacations Price Performance

Shares of HGV traded up $1.27 during trading hours on Friday, reaching $34.97. The stock had a trading volume of 1,347,050 shares, compared to its average volume of 943,770. Hilton Grand Vacations Inc. has a 12 month low of $33.21 and a 12 month high of $47.81. The stock has a market capitalization of $3.33 billion, a PE ratio of 39.74, a PEG ratio of 2.20 and a beta of 1.84. 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 company's 50-day moving average is $40.49 and its two-hundred day moving average is $39.40.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.49 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 firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. Research analysts expect that Hilton Grand Vacations Inc. will post 3.39 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.