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

Principal Financial Group Inc. reduced its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 35.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,793 shares of the company's stock after selling 82,005 shares during the quarter. Principal Financial Group Inc. owned 0.15% of Hilton Grand Vacations worth $5,477,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Reston Wealth Management LLC bought a new stake in shares of Hilton Grand Vacations in the third quarter worth approximately $25,000. nVerses Capital LLC purchased a new position in shares of Hilton Grand Vacations in the second quarter valued at $32,000. Blue Trust Inc. raised its position in shares of Hilton Grand Vacations by 141.7% during the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company's stock valued at $36,000 after buying an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Hilton Grand Vacations during the 2nd quarter valued at about $93,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Hilton Grand Vacations in the second quarter worth $120,000. 97.23% of the stock is owned by hedge funds and other institutional investors.

Hilton Grand Vacations Stock Performance

NYSE:HGV traded up $0.90 during trading hours on Thursday, reaching $41.68. 310,267 shares of the stock were exchanged, compared to its average volume of 775,103. The stock has a market capitalization of $4.11 billion, a P/E ratio of 46.34, a P/E/G ratio of 2.21 and a beta of 1.82. The firm has a 50 day simple moving average of $38.09 and a 200-day simple moving average of $39.35. 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 52 week low of $33.21 and a 52 week high of $49.02.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted 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 firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm's quarterly revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. As a group, sell-side analysts forecast that Hilton Grand Vacations Inc. will post 3.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HGV has been the topic of a number of recent research reports. Mizuho dropped their price objective 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. JPMorgan Chase & Co. lowered shares of Hilton Grand Vacations from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $55.00 to $36.00 in a research note on Friday, August 9th. Jefferies Financial Group lowered Hilton Grand Vacations from a "buy" rating to a "hold" rating and lowered their price target for the stock from $55.00 to $35.00 in a research note on Friday, August 9th. StockNews.com lowered shares of Hilton Grand Vacations from a "hold" rating to a "sell" rating in a research note on Monday, August 12th. Finally, Barclays boosted their target price on shares of Hilton Grand Vacations from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hilton Grand Vacations presently has a consensus rating of "Hold" and a consensus target price of $44.00.

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.