Ameriprise Financial Inc. Buys 10,846 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Ameriprise Financial Inc. grew its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,454 shares of the company's stock after acquiring an additional 10,846 shares during the quarter. Ameriprise Financial Inc. owned about 0.10% of Hilton Grand Vacations worth $3,952,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HGV. Barclays PLC increased its holdings in shares of Hilton Grand Vacations by 330.8% during the third quarter. Barclays PLC now owns 246,131 shares of the company's stock valued at $8,941,000 after acquiring an additional 188,997 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Hilton Grand Vacations during the fourth quarter worth $204,000. KBC Group NV grew its holdings in Hilton Grand Vacations by 41.2% during the fourth quarter. KBC Group NV now owns 3,046 shares of the company's stock worth $119,000 after buying an additional 889 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in Hilton Grand Vacations by 14.3% during the fourth quarter. Hantz Financial Services Inc. now owns 81,913 shares of the company's stock worth $3,191,000 after buying an additional 10,265 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in Hilton Grand Vacations during the fourth quarter worth $467,000. Institutional investors own 97.23% of the company's stock.

Insider Activity

In other news, insider Charles R. Jr. Corbin sold 51,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $38.78, for a total transaction of $1,977,780.00. Following the transaction, the insider now owns 60,270 shares of the company's stock, valued at $2,337,270.60. This represents a 45.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.70% of the company's stock.

Hilton Grand Vacations Price Performance

HGV stock remained flat at $38.19 during midday trading on Friday. The company's stock had a trading volume of 1,325,123 shares, compared to its average volume of 909,262. The company's 50-day moving average is $36.66 and its 200-day moving average is $39.05. 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 Inc. has a twelve month low of $30.59 and a twelve month high of $44.99. The stock has a market cap of $3.50 billion, a PE ratio of 43.40, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.40). Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the prior year, the firm posted $0.95 EPS. The firm's revenue for the quarter was down .7% on a year-over-year basis. As a group, equities analysts forecast that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HGV. The Goldman Sachs Group upped their price target on Hilton Grand Vacations from $30.00 to $34.00 and gave the stock a "sell" rating in a report on Friday, May 2nd. Wall Street Zen upgraded Hilton Grand Vacations from a "sell" rating to a "hold" rating in a report on Saturday, March 1st. Barclays decreased their price target on Hilton Grand Vacations from $45.00 to $42.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. JMP Securities reiterated a "market outperform" rating and set a $50.00 price target on shares of Hilton Grand Vacations in a report on Monday, May 5th. Finally, Morgan Stanley decreased their price target on Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Hilton Grand Vacations has an average rating of "Hold" and an average target price of $46.00.

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.