Ameriprise Financial Inc. Has $83.50 Million Stake in Hyatt Hotels Co. (NYSE:H)

Ameriprise Financial Inc. trimmed its position in shares of Hyatt Hotels Co. (NYSE:H) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 531,913 shares of the company’s stock after selling 32,297 shares during the period. Ameriprise Financial Inc. owned approximately 0.55% of Hyatt Hotels worth $83,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bernard Wealth Management Corp. acquired a new stake in Hyatt Hotels in the 4th quarter worth $26,000. UMB Bank n.a. grew its position in Hyatt Hotels by 99.0% during the fourth quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after buying an additional 104 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Hyatt Hotels by 750.0% during the fourth quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock valued at $53,000 after acquiring an additional 300 shares during the period. Fifth Third Bancorp raised its holdings in Hyatt Hotels by 31.9% in the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company’s stock valued at $73,000 after acquiring an additional 113 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Hyatt Hotels in the 4th quarter worth approximately $88,000. 73.54% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hyatt Hotels

In related news, Director Susan D. Kronick sold 1,600 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now owns 37,927 shares of the company’s stock, valued at $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kinsey Wolf sold 1,000 shares of the company’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $122.95, for a total value of $122,950.00. Following the sale, the insider now owns 811 shares of the company’s stock, valued at approximately $99,712.45. The trade was a 55.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,600 shares of company stock worth $1,517,798 in the last ninety days. Insiders own 23.70% of the company’s stock.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $127.14 on Friday. The company has a fifty day moving average price of $118.94 and a 200 day moving average price of $142.16. Hyatt Hotels Co. has a 1-year low of $102.43 and a 1-year high of $168.20. The firm has a market cap of $12.23 billion, a PE ratio of 10.22 and a beta of 1.36. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.87.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.16. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Research analysts predict that Hyatt Hotels Co. will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Thursday, May 29th. Hyatt Hotels’s dividend payout ratio (DPR) is presently 7.79%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on H. Macquarie cut their target price on Hyatt Hotels from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group lifted their target price on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a “sell” rating in a research report on Friday, May 2nd. StockNews.com lowered shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research report on Monday, February 17th. Susquehanna upped their price objective on Hyatt Hotels from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Finally, Truist Financial cut their target price on Hyatt Hotels from $163.00 to $156.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Hyatt Hotels currently has an average rating of “Hold” and an average target price of $151.17.

Hyatt Hotels Company Profile

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.