ING Groep NV Increases Position in Hyatt Hotels Co. (NYSE:H)

ING Groep NV grew its stake in Hyatt Hotels Co. (NYSE:H) by 233.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,000 shares of the company’s stock after acquiring an additional 44,800 shares during the quarter. ING Groep NV owned about 0.07% of Hyatt Hotels worth $10,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its position in shares of Hyatt Hotels by 583.3% in the 4th quarter. Versant Capital Management Inc now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Hyatt Hotels by 99.0% in the 4th quarter. UMB Bank n.a. now owns 209 shares of the company’s stock worth $33,000 after purchasing an additional 104 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hyatt Hotels by 190.2% in the 3rd quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of Hyatt Hotels in the 3rd quarter worth $51,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company’s stock worth $53,000 after purchasing an additional 300 shares in the last quarter. 73.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hyatt Hotels

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now directly owns 5,798 shares in the company, valued at approximately $927,622.02. The trade was a 39.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.50% of the stock is owned by company insiders.

Hyatt Hotels Price Performance

Shares of Hyatt Hotels stock opened at $145.87 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.87. Hyatt Hotels Co. has a twelve month low of $128.91 and a twelve month high of $168.20. The business has a 50-day moving average price of $155.64 and a 200 day moving average price of $152.44. The firm has a market cap of $14.01 billion, a PE ratio of 11.73 and a beta of 1.48.

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

Hyatt Hotels Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors 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 dividend yield of 0.41%. Hyatt Hotels’s dividend payout ratio is presently 4.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on Hyatt Hotels from $145.50 to $157.50 and gave the stock a “hold” rating in a research report on Tuesday, November 26th. Hsbc Global Res raised Hyatt Hotels to a “hold” rating in a research report on Friday, November 1st. HSBC cut Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price target for the company. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lifted their price target on Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, Truist Financial lifted their price target on Hyatt Hotels from $158.00 to $163.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Hyatt Hotels presently has a consensus rating of “Hold” and an average target price of $162.29.

Hyatt Hotels 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.