Hilton Grand Vacations Inc. (NYSE:HGV) Shares Sold by Principal Financial Group Inc.

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted 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 worth $36,000 after purchasing an additional 588 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in Hilton Grand Vacations during the 3rd quarter worth about $25,000. nVerses Capital LLC acquired a new position in shares of Hilton Grand Vacations during the 2nd quarter worth about $32,000. Russell Investments Group Ltd. increased its holdings in shares of Hilton Grand Vacations by 2.6% in the 1st quarter. Russell Investments Group Ltd. now owns 37,602 shares of the company's stock valued at $1,775,000 after acquiring an additional 964 shares during the last quarter. Finally, MQS Management LLC increased its holdings in shares of Hilton Grand Vacations by 7.4% in the 2nd quarter. MQS Management LLC now owns 16,494 shares of the company's stock valued at $667,000 after acquiring an additional 1,135 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Jefferies Financial Group downgraded Hilton Grand Vacations from a "buy" rating to a "hold" rating and lowered their price target for the company from $55.00 to $35.00 in a report on Friday, August 9th. StockNews.com downgraded shares of Hilton Grand Vacations from a "hold" rating to a "sell" rating in a research report on Monday, August 12th. Mizuho decreased their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating for the company in a research note on Tuesday, November 12th. Truist Financial dropped their price objective on Hilton Grand Vacations from $71.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. Finally, Barclays boosted their target price on Hilton Grand Vacations from $40.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $44.00.

Hilton Grand Vacations Stock Performance

NYSE HGV opened at $40.78 on Thursday. The business's 50-day moving average price is $37.98 and its 200 day moving average price is $39.34. The company has a quick ratio of 3.08, a current ratio of 4.83 and a debt-to-equity ratio of 3.32. The firm has a market cap of $4.02 billion, a P/E ratio of 46.34, a P/E/G ratio of 2.27 and a beta of 1.82. 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 issued its earnings results on Thursday, November 7th. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.03). The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.29 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. The firm's revenue was up 28.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. On average, equities research analysts expect that Hilton Grand Vacations Inc. will post 3.49 earnings per share 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.