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

Franklin Resources Inc. increased its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,672,171 shares of the company's stock after acquiring an additional 373,442 shares during the period. Franklin Resources Inc. owned about 3.73% of Hilton Grand Vacations worth $143,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HGV. FMR LLC boosted its position in Hilton Grand Vacations by 39.0% in the third quarter. FMR LLC now owns 3,271,387 shares of the company's stock valued at $118,817,000 after buying an additional 917,397 shares in the last quarter. Norges Bank acquired a new position in shares of Hilton Grand Vacations in the 4th quarter worth approximately $33,047,000. Barclays PLC grew 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. Arrowstreet Capital Limited Partnership acquired a new stake in Hilton Grand Vacations during the 4th quarter valued at $6,428,000. Finally, Holocene Advisors LP raised its position in Hilton Grand Vacations by 56.0% in the 3rd quarter. Holocene Advisors LP now owns 116,072 shares of the company's stock valued at $4,216,000 after purchasing an additional 41,670 shares during the last quarter. Institutional investors own 97.23% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HGV shares. The Goldman Sachs Group raised their target price on Hilton Grand Vacations from $37.00 to $42.00 and gave the company a "sell" rating in a research note on Tuesday, March 4th. Barclays raised their price objective on shares of Hilton Grand Vacations from $41.00 to $45.00 and gave the company an "equal weight" rating in a research report on Friday, February 28th. Mizuho upped their target price on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the stock an "outperform" rating in a research report on Friday, February 28th. Morgan Stanley assumed coverage on shares of Hilton Grand Vacations in a report on Monday, January 6th. They issued an "overweight" rating and a $47.00 price target for the company. Finally, 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 research report on Friday, March 7th. One equities research 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's stock. Based on data from MarketBeat, Hilton Grand Vacations has a consensus rating of "Hold" and a consensus price target of $47.25.

Hilton Grand Vacations Trading Down 2.0 %

NYSE HGV traded down $0.67 during trading hours on Monday, hitting $32.96. The company's stock had a trading volume of 386,593 shares, compared to its average volume of 839,053. The stock has a fifty day moving average of $39.75 and a 200 day moving average of $39.42. 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 Inc. has a twelve month low of $30.46 and a twelve month high of $46.40. The firm has a market capitalization of $3.12 billion, a P/E ratio of 37.50, a PEG ratio of 2.20 and a beta of 1.68.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Equities research analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

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.