Stifel Financial Corp Decreases Stake in Hyatt Hotels Co. (NYSE:H)

Stifel Financial Corp decreased its holdings in Hyatt Hotels Co. (NYSE:H - Free Report) by 24.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,932 shares of the company's stock after selling 4,176 shares during the period. Stifel Financial Corp's holdings in Hyatt Hotels were worth $1,968,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of H. Bamco Inc. NY boosted its position 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 valued at $834,574,000 after acquiring an additional 68,608 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hyatt Hotels by 6.5% during the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company's stock worth $401,827,000 after buying an additional 162,562 shares during the last quarter. Fiera Capital Corp raised its position in shares of Hyatt Hotels by 1.2% during the 2nd quarter. Fiera Capital Corp now owns 574,045 shares of the company's stock valued at $87,209,000 after buying an additional 6,896 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hyatt Hotels by 10.6% in the second quarter. Dimensional Fund Advisors LP now owns 485,952 shares of the company's stock valued at $73,822,000 after acquiring an additional 46,574 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Hyatt Hotels by 4.7% in the second quarter. Bank of New York Mellon Corp now owns 469,791 shares of the company's stock worth $71,371,000 after acquiring an additional 20,997 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on H. Evercore ISI upped their target price on shares of Hyatt Hotels from $145.00 to $155.00 and gave the company an "in-line" rating in a research report on Monday, October 21st. Barclays upped their price objective on shares of Hyatt Hotels from $144.00 to $161.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Robert W. Baird lifted their target price on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Mizuho decreased their price target on Hyatt Hotels from $200.00 to $198.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. Finally, Macquarie dropped their price objective on Hyatt Hotels from $165.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday, November 1st. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hyatt Hotels currently has an average rating of "Hold" and an average target price of $152.88.

Insider Activity

In other Hyatt Hotels news, insider Mark R. Vondrasek sold 3,776 shares of the company'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 of the company's stock, valued at $927,622.02. This represents a 39.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 23.50% of the company's stock.

Hyatt Hotels Stock Up 3.0 %

Hyatt Hotels stock traded up $4.70 during midday trading on Friday, reaching $159.84. The company's stock had a trading volume of 1,826,192 shares, compared to its average volume of 589,287. The company has a market cap of $15.35 billion, a P/E ratio of 12.05 and a beta of 1.50. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $155.21 and a 200-day simple moving average of $150.61. Hyatt Hotels Co. has a fifty-two week low of $124.40 and a fifty-two week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.90 by $0.04. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm posted $0.70 earnings per share. On average, research analysts expect that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Friday, November 22nd. Hyatt Hotels's dividend payout ratio 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.