State Street Corp Has $90.30 Million Stock Holdings in Hilton Grand Vacations Inc. (NYSE:HGV)

State Street Corp decreased its holdings in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,486,352 shares of the company's stock after selling 87,972 shares during the quarter. State Street Corp owned 2.52% of Hilton Grand Vacations worth $90,304,000 as of its most recent filing with the Securities and Exchange Commission.

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

Hilton Grand Vacations Stock Performance

HGV traded down $0.13 during midday trading on Tuesday, reaching $40.36. The company's stock had a trading volume of 763,258 shares, compared to its average volume of 790,759. Hilton Grand Vacations Inc. has a twelve month low of $33.21 and a twelve month high of $49.02. The stock has a market cap of $3.98 billion, a P/E ratio of 46.01, a PEG ratio of 2.25 and a beta of 1.85. The company has a fifty day simple moving average of $39.80 and a 200 day simple moving average of $39.26. The company has a current ratio of 4.83, a quick ratio of 3.08 and a debt-to-equity ratio of 3.32.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.67 EPS for the quarter, missing the consensus estimate 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 for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. Research analysts expect that Hilton Grand Vacations Inc. will post 3.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HGV shares. Truist Financial cut their price objective 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. StockNews.com upgraded shares of Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Mizuho cut their target price on Hilton Grand Vacations from $57.00 to $55.00 and set an "outperform" rating on the stock in a report on Tuesday, November 12th. The Goldman Sachs Group upped their price target on Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a "sell" rating in a research note on Tuesday, December 10th. Finally, Barclays reissued an "equal weight" rating and issued a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a research note on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $44.29.

Insider Activity at Hilton Grand Vacations

In other news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the transaction, the insider now directly owns 88,532 shares of the company's stock, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 shares were sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the completion of the sale, the insider now directly owns 26,295,825 shares in the company, valued at approximately $1,107,054,232.50. The trade was a 13.20 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

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.