Northern Trust Corp Decreases Stock Position in Hilton Grand Vacations Inc. $HGV

Key Points

• Northern Trust Corp has reduced its stake in Hilton Grand Vacations Inc. by selling 44,974 shares, resulting in ownership of 847,117 shares valued at approximately $31.69 million.
• Insider Mark D. Wang sold 46,364 shares of Hilton Grand Vacations at an average price of $47.34, representing a decrease in his ownership by 5.47%.
• Analysts have varying price targets for Hilton Grand Vacations, with Deutsche Bank setting a target of $59.00, while Mizuho increased its target to $76.00, indicating optimism about the stock's performance.

Northern Trust Corp decreased its position in Hilton Grand Vacations Inc. (NYSE:HGV - Free Report) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 847,117 shares of the company's stock after selling 44,974 shares during the quarter. Northern Trust Corp owned approximately 0.92% of Hilton Grand Vacations worth $31,691,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. TFJ Management LLC grew its stake in shares of Hilton Grand Vacations by 82.2% in the first quarter. TFJ Management LLC now owns 166,991 shares of the company's stock worth $6,247,000 after purchasing an additional 75,321 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hilton Grand Vacations by 14.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,361,156 shares of the company's stock worth $125,737,000 after buying an additional 425,925 shares during the period. Nuveen LLC purchased a new stake in Hilton Grand Vacations in the 1st quarter worth approximately $10,467,000. Invesco Ltd. grew its position in shares of Hilton Grand Vacations by 1.7% in the 1st quarter. Invesco Ltd. now owns 366,032 shares of the company's stock worth $13,693,000 after buying an additional 5,960 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Hilton Grand Vacations during the first quarter valued at approximately $1,366,000. 97.23% of the stock is owned by institutional investors.

Insider Transactions at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Mark D. Wang sold 46,364 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $47.34, for a total value of $2,194,871.76. Following the sale, the insider directly owned 801,681 shares of the company's stock, valued at approximately $37,951,578.54. The trade was a 5.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on HGV. Truist Financial cut their price target on shares of Hilton Grand Vacations from $63.00 to $62.00 and set a "buy" rating on the stock in a report on Thursday, August 21st. The Goldman Sachs Group reaffirmed a "sell" rating and issued a $39.00 target price on shares of Hilton Grand Vacations in a research report on Friday, August 1st. Barclays boosted 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 research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft set a $59.00 price target on shares of Hilton Grand Vacations and gave the stock a "buy" rating in a research note on Monday, August 4th. Finally, Mizuho lifted their price objective on Hilton Grand Vacations from $73.00 to $76.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hilton Grand Vacations presently has an average rating of "Moderate Buy" and an average target price of $53.29.

Hilton Grand Vacations Stock Up 0.5%

Shares of Hilton Grand Vacations stock traded up $0.21 during trading on Thursday, hitting $47.28. The company's stock had a trading volume of 74,277 shares, compared to its average volume of 1,037,550. Hilton Grand Vacations Inc. has a 52 week low of $30.59 and a 52 week high of $52.08. The company has a market capitalization of $4.21 billion, a PE ratio of 85.89, a P/E/G ratio of 4.05 and a beta of 1.67. The company has a fifty day simple moving average of $46.17 and a two-hundred day simple moving average of $40.84. The company has a debt-to-equity ratio of 4.31, a quick ratio of 2.77 and a current ratio of 4.43.

Hilton Grand Vacations (NYSE:HGV - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $0.62 EPS. Hilton Grand Vacations's revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts predict that Hilton Grand Vacations Inc. will post 3.39 earnings per share for the current year.

Hilton Grand Vacations declared that its Board of Directors has initiated a share buyback program on Wednesday, August 13th that permits the company to repurchase $0.00 in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board of directors believes its stock is undervalued.

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.