Northwestern Mutual Wealth Management Co. Boosts Stake in Hilton Grand Vacations Inc. $HGV

Northwestern Mutual Wealth Management Co. raised its position in Hilton Grand Vacations Inc. (NYSE:HGV) by 93,334.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,389 shares of the company’s stock after buying an additional 51,334 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Hilton Grand Vacations were worth $2,300,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Hilton Grand Vacations by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 6,789,028 shares of the company’s stock valued at $283,849,000 after buying an additional 464,618 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Hilton Grand Vacations by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,770,950 shares of the company’s stock valued at $157,675,000 after buying an additional 43,083 shares during the last quarter. Mudita Advisors LLP increased its stake in Hilton Grand Vacations by 8.8% in the 3rd quarter. Mudita Advisors LLP now owns 2,333,146 shares of the company’s stock valued at $97,549,000 after buying an additional 189,286 shares during the last quarter. UBS Group AG increased its stake in Hilton Grand Vacations by 34.4% in the 3rd quarter. UBS Group AG now owns 2,258,391 shares of the company’s stock valued at $94,423,000 after buying an additional 577,772 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Hilton Grand Vacations by 489.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,582,535 shares of the company’s stock valued at $66,166,000 after buying an additional 1,314,117 shares during the last quarter. Hedge funds and other institutional investors own 97.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their price objective on shares of Hilton Grand Vacations from $49.00 to $47.00 and set an “equal weight” rating for the company in a research note on Thursday, April 16th. Barclays increased 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 report on Friday, May 1st. Jefferies Financial Group increased their target price on shares of Hilton Grand Vacations from $46.00 to $50.00 and gave the company a “hold” rating in a research report on Monday, March 2nd. Wall Street Zen raised shares of Hilton Grand Vacations from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. Finally, Zacks Research raised shares of Hilton Grand Vacations from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.22.

Insider Activity at Hilton Grand Vacations

In related news, insider Carlos Hernandez sold 5,595 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $46.69, for a total value of $261,230.55. Following the completion of the transaction, the insider directly owned 14,080 shares of the company’s stock, valued at approximately $657,395.20. This trade represents a 28.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles R. Jr. Corbin sold 32,907 shares of the firm’s 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.10% of the stock is currently owned by company insiders.

Hilton Grand Vacations Stock Up 2.9%

Hilton Grand Vacations stock opened at $49.83 on Wednesday. Hilton Grand Vacations Inc. has a twelve month low of $36.79 and a twelve month high of $52.08. The firm has a 50 day moving average price of $44.66 and a 200-day moving average price of $44.41. The company has a market capitalization of $3.97 billion, a P/E ratio of 26.65, a P/E/G ratio of 0.73 and a beta of 1.49. The company has a quick ratio of 2.64, a current ratio of 4.33 and a debt-to-equity ratio of 5.41.

Hilton Grand Vacations (NYSE:HGV) last released its earnings results on Thursday, April 30th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.43. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Hilton Grand Vacations had a net margin of 3.16% and a return on equity of 17.62%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS. As a group, equities analysts predict that Hilton Grand Vacations Inc. will post 3.03 EPS for the current year.

Hilton Grand Vacations 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.