Fifth Third Bancorp Acquires 13,894 Shares of Hilton Grand Vacations Inc. $HGV

Fifth Third Bancorp grew its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 312.3% during the first quarter, Holdings Channel.com reports. The firm owned 18,343 shares of the company’s stock after acquiring an additional 13,894 shares during the quarter. Fifth Third Bancorp’s holdings in Hilton Grand Vacations were worth $718,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HGV. AQR Capital Management LLC acquired a new position in Hilton Grand Vacations during the first quarter worth $1,541,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hilton Grand Vacations by 1.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,304 shares of the company’s stock valued at $1,545,000 after buying an additional 615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Hilton Grand Vacations by 2.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 180,370 shares of the company’s stock worth $6,748,000 after buying an additional 3,705 shares in the last quarter. Intech Investment Management LLC lifted its position in Hilton Grand Vacations by 24.5% during the 1st quarter. Intech Investment Management LLC now owns 43,541 shares of the company’s stock worth $1,629,000 after buying an additional 8,567 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Hilton Grand Vacations by 743.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 641 shares of the company’s stock worth $27,000 after buying an additional 565 shares during the last quarter. Institutional investors own 97.23% of the company’s stock.

Insider Transactions at Hilton Grand Vacations

In related news, insider Charles R. Jr. Corbin sold 32,907 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $47.66, for a total transaction of $1,568,347.62. Following the completion of the sale, the insider directly owned 68,615 shares of the company’s stock, valued at approximately $3,270,190.90. This trade represents a 32.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Mark D. Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $51.93, for a total value of $9,908,919.09. Following the sale, the insider directly owned 904,241 shares of the company’s stock, valued at approximately $46,957,235.13. The trade was a 17.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 229,315 shares of company stock worth $11,738,497. Company insiders own 3.10% of the company’s stock.

Hilton Grand Vacations Price Performance

Shares of HGV opened at $50.64 on Tuesday. The company’s 50-day moving average is $50.74 and its 200-day moving average is $47.07. The company has a debt-to-equity ratio of 5.41, a current ratio of 4.33 and a quick ratio of 2.64. The firm has a market capitalization of $4.01 billion, a PE ratio of 27.08, a PEG ratio of 0.43 and a beta of 1.51. Hilton Grand Vacations Inc. has a fifty-two week low of $36.79 and a fifty-two week high of $55.40.

Hilton Grand Vacations (NYSE:HGV) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.43. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the prior year, the firm earned $0.09 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Equities analysts forecast that Hilton Grand Vacations Inc. will post 5.11 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HGV. Wall Street Zen cut Hilton Grand Vacations from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 18th. Truist Financial upped their target price on Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Hilton Grand Vacations in a research report on Friday, May 29th. Zacks Research downgraded Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 9th. Finally, Wells Fargo & Company lowered their price target on Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $57.22.

Hilton Grand Vacations Company Profile

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.