Principal Financial Group Inc. Has $5.48 Million Stake in Hilton Grand Vacations Inc. (NYSE:HGV)

Principal Financial Group Inc. cut its stake in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 35.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,793 shares of the company's stock after selling 82,005 shares during the period. Principal Financial Group Inc. owned 0.15% of Hilton Grand Vacations worth $5,477,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC increased its holdings in shares of Hilton Grand Vacations by 39.0% in the 3rd quarter. FMR LLC now owns 3,271,387 shares of the company's stock worth $118,817,000 after acquiring an additional 917,397 shares during the period. Long Pond Capital LP increased its stake in shares of Hilton Grand Vacations by 218.0% in the second quarter. Long Pond Capital LP now owns 1,200,920 shares of the company's stock valued at $48,553,000 after purchasing an additional 823,228 shares during the period. Millennium Management LLC raised its holdings in shares of Hilton Grand Vacations by 44.5% during the second quarter. Millennium Management LLC now owns 2,269,405 shares of the company's stock valued at $91,752,000 after buying an additional 698,664 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Hilton Grand Vacations by 17.8% during the third quarter. Franklin Resources Inc. now owns 3,298,729 shares of the company's stock worth $117,402,000 after buying an additional 499,067 shares during the period. Finally, Barclays PLC grew its holdings in Hilton Grand Vacations by 330.8% in the 3rd quarter. Barclays PLC now owns 246,131 shares of the company's stock worth $8,941,000 after buying an additional 188,997 shares in the last quarter. 97.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $42.10, for a total value of $168,400,000.00. Following the transaction, the insider now owns 26,295,825 shares in the company, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Charles R. Jr. Corbin sold 49,389 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the sale, the insider now owns 88,532 shares of the company's stock, valued at approximately $3,678,504.60. This represents a 35.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Hilton Grand Vacations Price Performance

HGV stock traded down $0.60 on Thursday, hitting $38.35. 558,822 shares of the company's stock traded hands, compared to its average volume of 922,847. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 43.58, a P/E/G ratio of 2.22 and a beta of 1.85. Hilton Grand Vacations Inc. has a 1-year low of $33.21 and a 1-year high of $49.02. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32. The stock has a fifty day moving average of $40.45 and a 200-day moving average of $39.15.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.03). The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. Hilton Grand Vacations's revenue was up 28.3% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS. On average, analysts forecast that Hilton Grand Vacations Inc. will post 3.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Hilton Grand Vacations from $33.00 to $37.00 and gave the company a "sell" rating in a research note on Tuesday, December 10th. StockNews.com raised shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Mizuho lowered their target price on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. Truist Financial dropped their price target on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a "buy" rating on the stock in a research report on Tuesday, November 26th. Finally, JMP Securities lowered their price objective on shares of Hilton Grand Vacations from $55.00 to $50.00 and set a "market outperform" rating on the stock in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $43.57.

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.