ING Groep NV Takes $2.92 Million Position in Hyatt Hotels Co. (NYSE:H)

ING Groep NV purchased a new position in shares of Hyatt Hotels Co. (NYSE:H) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 19,200 shares of the company’s stock, valued at approximately $2,922,000.

A number of other large investors have also bought and sold shares of H. Principal Financial Group Inc. boosted its holdings in shares of Hyatt Hotels by 6.5% during the second quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock worth $401,827,000 after purchasing an additional 162,562 shares during the period. Fiera Capital Corp grew its position in shares of Hyatt Hotels by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company’s stock worth $87,209,000 after buying an additional 6,896 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hyatt Hotels by 10.6% during the second quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company’s stock valued at $73,822,000 after buying an additional 46,574 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Hyatt Hotels by 4.7% during the second quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company’s stock valued at $71,371,000 after acquiring an additional 20,997 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its stake in Hyatt Hotels by 9.0% in the third quarter. Handelsbanken Fonder AB now owns 354,900 shares of the company’s stock worth $54,016,000 after acquiring an additional 29,300 shares during the period. 71.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hyatt Hotels news, insider Mark Samuel Hoplamazian sold 44,219 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $148.14, for a total transaction of $6,550,602.66. Following the completion of the sale, the insider now directly owns 623,556 shares of the company’s stock, valued at approximately $92,373,585.84. This represents a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

H has been the subject of several research reports. HSBC lowered shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 price objective for the company. in a report on Friday, November 1st. Macquarie lowered their price objective on shares of Hyatt Hotels from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Morgan Stanley reduced their target price on Hyatt Hotels from $161.00 to $153.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 7th. Barclays lowered their target price on Hyatt Hotels from $151.00 to $144.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, Evercore ISI upped their price target on Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a research note on Monday, October 21st. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $151.57.

Hyatt Hotels Trading Down 3.1 %

Shares of NYSE:H opened at $152.94 on Friday. Hyatt Hotels Co. has a 1 year low of $112.04 and a 1 year high of $162.24. The stock’s fifty day moving average price is $151.92 and its 200-day moving average price is $149.19. The company has a market cap of $14.69 billion, a P/E ratio of 11.53 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business posted $0.70 earnings per share. Sell-side analysts expect that Hyatt Hotels Co. will post 3.85 earnings per share for the current year.

Hyatt Hotels Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a $0.15 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels’s dividend payout ratio (DPR) is currently 4.52%.

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.