Franklin Resources Inc. Has $143.03 Million Position in Hilton Grand Vacations Inc. (NYSE:HGV)

Franklin Resources Inc. raised its holdings in Hilton Grand Vacations Inc. (NYSE:HGV) by 11.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,672,171 shares of the company’s stock after buying an additional 373,442 shares during the quarter. Franklin Resources Inc. owned 3.73% of Hilton Grand Vacations worth $143,031,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC raised its holdings in shares of Hilton Grand Vacations by 156.1% in the 3rd quarter. Cerity Partners LLC now owns 22,980 shares of the company’s stock worth $835,000 after buying an additional 14,007 shares in the last quarter. FMR LLC raised its stake in Hilton Grand Vacations by 39.0% during the third quarter. FMR LLC now owns 3,271,387 shares of the company’s stock worth $118,817,000 after acquiring an additional 917,397 shares in the last quarter. Quantbot Technologies LP acquired a new position in Hilton Grand Vacations during the third quarter worth $484,000. BNP Paribas Financial Markets lifted its holdings in shares of Hilton Grand Vacations by 92.7% during the third quarter. BNP Paribas Financial Markets now owns 56,781 shares of the company’s stock valued at $2,062,000 after acquiring an additional 27,313 shares during the period. Finally, Centiva Capital LP acquired a new stake in shares of Hilton Grand Vacations in the 3rd quarter valued at $517,000. Institutional investors and hedge funds own 97.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HGV. Mizuho lifted their price target on shares of Hilton Grand Vacations from $55.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, February 28th. The Goldman Sachs Group lifted their target price on shares of Hilton Grand Vacations from $37.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, March 4th. JMP Securities decreased their price target on Hilton Grand Vacations from $55.00 to $50.00 and set a “market outperform” rating on the stock in a research report on Wednesday, December 18th. StockNews.com upgraded Hilton Grand Vacations from a “sell” rating to a “hold” rating in a research report on Saturday, March 1st. Finally, Truist Financial boosted their price objective on Hilton Grand Vacations from $51.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $47.25.

Hilton Grand Vacations Stock Up 3.4 %

NYSE:HGV opened at $37.97 on Thursday. The stock’s fifty day moving average price is $40.04 and its two-hundred day moving average price is $39.44. The company has a market cap of $3.59 billion, a price-to-earnings ratio of 43.15, a P/E/G ratio of 2.20 and a beta of 1.68. Hilton Grand Vacations Inc. has a 52-week low of $33.21 and a 52-week high of $46.89. The company has a debt-to-equity ratio of 3.32, a quick ratio of 3.08 and a current ratio of 4.83.

Hilton Grand Vacations (NYSE:HGV) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.40). The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.28 billion. Hilton Grand Vacations had a net margin of 2.01% and a return on equity of 16.44%. On average, analysts anticipate that Hilton Grand Vacations Inc. will post 3.39 EPS for the current year.

Hilton Grand Vacations 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.