Hyatt Hotels Co. (NYSE:H) Shares Acquired by ING Groep NV

ING Groep NV lifted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 233.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,000 shares of the company’s stock after purchasing an additional 44,800 shares during the period. ING Groep NV’s holdings in Hyatt Hotels were worth $10,047,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bamco Inc. NY boosted its holdings in shares of Hyatt Hotels by 1.3% during the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Hyatt Hotels by 1.8% in the fourth quarter. Principal Financial Group Inc. now owns 2,694,357 shares of the company’s stock valued at $422,960,000 after acquiring an additional 46,413 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Hyatt Hotels by 3.3% in the third quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after acquiring an additional 56,082 shares during the last quarter. State Street Corp lifted its holdings in Hyatt Hotels by 0.4% in the third quarter. State Street Corp now owns 1,441,148 shares of the company’s stock valued at $219,343,000 after acquiring an additional 6,007 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Hyatt Hotels by 1.0% in the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after acquiring an additional 7,440 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $159.99, for a total value of $604,122.24. Following the completion of the transaction, the insider now owns 5,798 shares in the company, valued at $927,622.02. This represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on H shares. Hsbc Global Res upgraded Hyatt Hotels to a “hold” rating in a report on Friday, November 1st. StockNews.com cut Hyatt Hotels from a “hold” rating to a “sell” rating in a report on Monday. Mizuho decreased their price objective on Hyatt Hotels from $207.00 to $201.00 and set an “outperform” rating on the stock in a report on Friday, February 14th. Truist Financial upped their price objective on Hyatt Hotels from $158.00 to $163.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Barclays decreased their price target on Hyatt Hotels from $162.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and an average price target of $162.29.

Hyatt Hotels Stock Down 0.7 %

Hyatt Hotels stock opened at $145.87 on Friday. Hyatt Hotels Co. has a twelve month low of $128.91 and a twelve month high of $168.20. The stock’s fifty day simple moving average is $155.64 and its 200-day simple moving average is $152.44. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $14.01 billion, a P/E ratio of 11.73 and a beta of 1.48.

Hyatt Hotels (NYSE:H) last posted its earnings results on Thursday, February 13th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.22). The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. During the same period last year, the company earned $0.64 EPS. As a group, equities analysts expect that Hyatt Hotels Co. will post 3.31 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.60 annualized dividend and a yield of 0.41%. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.