JPMorgan Chase & Co. Has $9.94 Million Stock Holdings in Hilton Grand Vacations Inc. $HGV

Key Points

• JPMorgan Chase & Co. increased its stake in Hilton Grand Vacations by 19.0% to 237,836 shares, worth about $9.94 million and representing roughly 0.28% of the company.
• Hilton reported quarterly EPS of $0.88, missing estimates of $1.05, with revenue of $1.33 billion versus $1.38 billion expected and a net margin of 1.6%, though EPS rose from $0.49 a year earlier.
• The stock carries a MarketBeat consensus rating of "Hold" with a $52.33 price target, trading near $37.86 (1‑year range $30.59–$52.08) and a market cap of about $3.08 billion.

JPMorgan Chase & Co. grew its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 19.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 237,836 shares of the company's stock after purchasing an additional 37,907 shares during the quarter. JPMorgan Chase & Co. owned about 0.28% of Hilton Grand Vacations worth $9,944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in Hilton Grand Vacations by 743.4% during the second quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company's stock valued at $27,000 after acquiring an additional 565 shares during the last quarter. Quarry LP bought a new stake in shares of Hilton Grand Vacations during the 3rd quarter valued at about $44,000. State of Wyoming acquired a new stake in Hilton Grand Vacations during the third quarter worth approximately $56,000. Quadrant Capital Group LLC acquired a new stake in Hilton Grand Vacations during the third quarter worth approximately $92,000. Finally, Raymond James Financial Inc. bought a new stake in Hilton Grand Vacations in the second quarter worth approximately $190,000. Institutional investors and hedge funds own 97.23% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HGV shares. Weiss Ratings raised Hilton Grand Vacations from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, February 17th. Jefferies Financial Group raised their price target on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the stock a "hold" rating in a report on Monday, March 2nd. Morgan Stanley reiterated an "equal weight" rating and set a $49.00 price objective on shares of Hilton Grand Vacations in a report on Friday, January 16th. The Goldman Sachs Group reissued a "sell" rating and set a $40.00 price objective on shares of Hilton Grand Vacations in a research report on Thursday, February 26th. Finally, Mizuho reduced their target price on Hilton Grand Vacations from $73.00 to $69.00 and set an "outperform" rating for the company in a research note on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $52.33.

Hilton Grand Vacations Stock Performance

HGV opened at $37.86 on Friday. Hilton Grand Vacations Inc. has a 1-year low of $30.59 and a 1-year high of $52.08. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 0.52 and a beta of 1.43. The company's fifty day moving average price is $44.67 and its two-hundred day moving average price is $43.81. The company has a current ratio of 5.20, a quick ratio of 3.17 and a debt-to-equity ratio of 5.04.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.05 by ($0.17). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.38 billion. Hilton Grand Vacations had a net margin of 1.60% and a return on equity of 11.90%. During the same quarter in the prior year, the business earned $0.49 earnings per share. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. On average, analysts expect that Hilton Grand Vacations Inc. will post 3.39 EPS for the current fiscal year.

About Hilton Grand Vacations

Hilton Grand Vacations Inc is a leading developer and marketer of premium vacation ownership resorts. The company specializes in selling timeshare interests in vacation properties under the Hilton Grand Vacations brand, enabling members to purchase deeded real estate interests and utilize a points-based system for booking stays. Alongside new sales, the company provides ongoing management services for its portfolio of resorts, ensuring high standards of guest services, resort maintenance, and member engagement through its proprietary technology platform.

In addition to vacation ownership sales, Hilton Grand Vacations offers a comprehensive suite of membership benefits.

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