Franklin Resources Inc. Purchases 499,067 Shares of Hilton Grand Vacations Inc. (NYSE:HGV)

Franklin Resources Inc. boosted its position in shares of Hilton Grand Vacations Inc. (NYSE:HGV) by 17.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,298,729 shares of the company’s stock after buying an additional 499,067 shares during the quarter. Franklin Resources Inc. owned approximately 3.35% of Hilton Grand Vacations worth $117,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HGV. Reston Wealth Management LLC bought a new stake in Hilton Grand Vacations during the 3rd quarter valued at $25,000. nVerses Capital LLC bought a new position in Hilton Grand Vacations in the 2nd quarter worth $32,000. Blue Trust Inc. raised its holdings in Hilton Grand Vacations by 141.7% in the 3rd quarter. Blue Trust Inc. now owns 1,003 shares of the company’s stock worth $36,000 after purchasing an additional 588 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Hilton Grand Vacations in the 2nd quarter worth $93,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Hilton Grand Vacations in the 2nd quarter worth $120,000. 97.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Hilton Grand Vacations

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 49,389 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $41.55, for a total transaction of $2,052,112.95. Following the completion of the sale, the insider now directly owns 88,532 shares in the company, valued at approximately $3,678,504.60. This trade represents a 35.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Principal Holdings A. Gp Apollo sold 4,000,000 shares of Hilton Grand Vacations stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $42.10, for a total transaction of $168,400,000.00. Following the completion of the sale, the insider now owns 26,295,825 shares of the company’s stock, valued at $1,107,054,232.50. This represents a 13.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on HGV. Mizuho decreased their price objective on shares of Hilton Grand Vacations from $57.00 to $55.00 and set an “outperform” rating for the company in a report on Tuesday, November 12th. StockNews.com upgraded shares of Hilton Grand Vacations from a “sell” rating to a “hold” rating in a report on Wednesday, November 27th. Barclays restated an “equal weight” rating and issued a $41.00 price objective (down from $44.00) on shares of Hilton Grand Vacations in a report on Friday. Truist Financial decreased their price objective on shares of Hilton Grand Vacations from $52.00 to $51.00 and set a “buy” rating for the company in a report on Tuesday, November 26th. Finally, The Goldman Sachs Group upped their target price on shares of Hilton Grand Vacations from $33.00 to $37.00 and gave the stock a “sell” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Hilton Grand Vacations currently has a consensus rating of “Hold” and an average price target of $44.29.

Hilton Grand Vacations Stock Down 0.6 %

Shares of Hilton Grand Vacations stock opened at $40.31 on Monday. The company has a debt-to-equity ratio of 3.32, a current ratio of 4.83 and a quick ratio of 3.08. The company has a 50-day moving average of $39.72 and a 200 day moving average of $39.27. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 2.25 and a beta of 1.85. Hilton Grand Vacations Inc. has a 1 year low of $33.21 and a 1 year high of $49.02.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.29 billion. Hilton Grand Vacations had a return on equity of 16.44% and a net margin of 2.01%. The firm’s revenue was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, sell-side analysts anticipate that Hilton Grand Vacations Inc. will post 3.43 earnings per share for the current fiscal year.

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.