Fifth Third Bancorp Has $718,000 Holdings in Hilton Grand Vacations Inc. $HGV

Fifth Third Bancorp grew its stake in Hilton Grand Vacations Inc. (NYSE:HGV) by 312.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,343 shares of the company’s stock after acquiring an additional 13,894 shares during the period. Fifth Third Bancorp’s holdings in Hilton Grand Vacations were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in Hilton Grand Vacations by 13.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,501 shares of the company’s stock valued at $112,000 after buying an additional 291 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Hilton Grand Vacations by 60.6% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the company’s stock valued at $41,000 after acquiring an additional 349 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Hilton Grand Vacations by 3.4% during the first quarter. Oregon Public Employees Retirement Fund now owns 12,322 shares of the company’s stock valued at $482,000 after acquiring an additional 400 shares during the period. Leonteq Securities AG boosted its holdings in Hilton Grand Vacations by 189.7% in the first quarter. Leonteq Securities AG now owns 672 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Hilton Grand Vacations by 743.4% in 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. 97.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hilton Grand Vacations news, insider Charles R. Jr. Corbin sold 32,907 shares of the stock in a transaction dated 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 transaction, the insider owned 68,615 shares in the company, valued at approximately $3,270,190.90. This represents a 32.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mark D. Wang sold 190,813 shares of Hilton Grand Vacations stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $51.93, for a total value of $9,908,919.09. Following the completion of the sale, the insider directly owned 904,241 shares in the company, valued at $46,957,235.13. This represents a 17.42% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 229,315 shares of company stock valued at $11,738,497. Company insiders own 3.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on HGV shares. Zacks Research cut Hilton Grand Vacations from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 9th. Barclays raised their target price on shares of Hilton Grand Vacations from $48.00 to $51.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Morgan Stanley lifted their price target on shares of Hilton Grand Vacations from $55.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Truist Financial boosted their price target on shares of Hilton Grand Vacations from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group upgraded shares of Hilton Grand Vacations from a “sell” rating to a “neutral” rating and set a $55.00 price objective on the stock in a report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $57.22.

Hilton Grand Vacations Stock Up 3.6%

Hilton Grand Vacations stock opened at $50.64 on Tuesday. The stock has a market capitalization of $4.01 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 0.43 and a beta of 1.51. Hilton Grand Vacations Inc. has a twelve month low of $36.79 and a twelve month high of $55.40. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41. The company has a 50 day moving average of $50.74 and a 200-day moving average of $47.07.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.99 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The firm’s revenue was up 11.9% compared to the same quarter last year. On average, equities research analysts anticipate that Hilton Grand Vacations Inc. will post 5.11 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.