Citigroup Inc. Has $9.50 Million Stock Holdings in Hilton Grand Vacations Inc. $HGV

Key Points

• Citigroup Inc. significantly increased its stake in Hilton Grand Vacations Inc. by 196.5%, owning 253,874 shares valued at approximately $9.5 million by the end of Q1.
• Multiple institutional investors have ramped up their positions in Hilton Grand Vacations, with a combined 97.23% of the company's stock now held by hedge funds and institutions.
• Research analysts have mixed ratings on the stock, with an average target price of $53.43, reflecting recent price target adjustments from firms such as Barclays and Deutsche Bank.

Citigroup Inc. increased its holdings in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 196.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,874 shares of the company's stock after purchasing an additional 168,252 shares during the period. Citigroup Inc. owned approximately 0.28% of Hilton Grand Vacations worth $9,497,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hilton Grand Vacations by 0.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,689 shares of the company's stock worth $1,585,000 after purchasing an additional 303 shares in the last quarter. Covey Capital Advisors LLC boosted its holdings in Hilton Grand Vacations by 0.8% during the first quarter. Covey Capital Advisors LLC now owns 44,599 shares of the company's stock valued at $1,668,000 after acquiring an additional 357 shares during the period. Bank of Montreal Can boosted its holdings in Hilton Grand Vacations by 5.1% during the fourth quarter. Bank of Montreal Can now owns 7,447 shares of the company's stock valued at $290,000 after acquiring an additional 361 shares during the period. Fifth Third Bancorp boosted its holdings in Hilton Grand Vacations by 8.8% during the first quarter. Fifth Third Bancorp now owns 4,489 shares of the company's stock valued at $168,000 after acquiring an additional 364 shares during the period. Finally, Signaturefd LLC boosted its holdings in Hilton Grand Vacations by 136.9% during the first quarter. Signaturefd LLC now owns 860 shares of the company's stock valued at $32,000 after acquiring an additional 497 shares during the period. 97.23% of the stock is currently owned by institutional investors.

Hilton Grand Vacations Stock Performance

Shares of NYSE HGV traded down $0.68 during mid-day trading on Wednesday, hitting $43.37. The company had a trading volume of 294,592 shares, compared to its average volume of 1,037,862. The company has a debt-to-equity ratio of 4.31, a current ratio of 4.43 and a quick ratio of 2.77. The business's 50-day simple moving average is $44.69 and its 200-day simple moving average is $40.47. Hilton Grand Vacations Inc. has a 12 month low of $30.59 and a 12 month high of $52.08. The firm has a market cap of $3.86 billion, a P/E ratio of 78.87, a PEG ratio of 3.80 and a beta of 1.65.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.24). Hilton Grand Vacations had a net margin of 1.14% and a return on equity of 9.71%. The company had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the business posted $0.62 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current fiscal year.

Hilton Grand Vacations announced that its board has authorized a stock buyback plan on Wednesday, August 13th that authorizes the company to repurchase $0.00 in shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

A number of research firms have issued reports on HGV. The Goldman Sachs Group restated a "sell" rating and set a $39.00 price target on shares of Hilton Grand Vacations in a report on Friday, August 1st. Barclays upped their price target on shares of Hilton Grand Vacations from $42.00 to $49.00 and gave the company an "equal weight" rating in a report on Friday, August 1st. JMP Securities restated a "market outperform" rating and set a $50.00 price target on shares of Hilton Grand Vacations in a report on Monday, May 5th. Deutsche Bank Aktiengesellschaft set a $59.00 price target on shares of Hilton Grand Vacations and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Morgan Stanley decreased their price target on shares of Hilton Grand Vacations from $46.00 to $38.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.43.

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.