ING Groep NV Purchases New Holdings in Hyatt Hotels Co. (NYSE:H)

ING Groep NV bought a new stake in Hyatt Hotels Co. (NYSE:H - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,200 shares of the company's stock, valued at approximately $2,922,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Andra AP fonden lifted its position in shares of Hyatt Hotels by 51.2% during the 2nd quarter. Andra AP fonden now owns 35,400 shares of the company's stock valued at $5,378,000 after acquiring an additional 11,994 shares during the period. III Capital Management purchased a new position in Hyatt Hotels in the second quarter valued at about $871,000. CANADA LIFE ASSURANCE Co grew its holdings in Hyatt Hotels by 31.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 39,485 shares of the company's stock valued at $6,300,000 after purchasing an additional 9,559 shares during the period. Assetmark Inc. raised its stake in Hyatt Hotels by 162.2% in the 3rd quarter. Assetmark Inc. now owns 49,041 shares of the company's stock valued at $7,464,000 after acquiring an additional 30,339 shares during the period. Finally, Edgestream Partners L.P. purchased a new stake in shares of Hyatt Hotels during the 1st quarter valued at approximately $3,413,000. Institutional investors own 71.02% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on H shares. HSBC lowered shares of Hyatt Hotels from a "buy" rating to a "hold" rating and set a $156.00 target price on the stock. in a report on Friday, November 1st. Bank of America increased their target price on shares of Hyatt Hotels from $165.00 to $175.00 and gave the company a "buy" rating in a report on Monday, October 21st. Mizuho dropped their price objective on Hyatt Hotels from $200.00 to $198.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Morgan Stanley lowered their price target on Hyatt Hotels from $161.00 to $153.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 7th. Finally, Hsbc Global Res raised Hyatt Hotels to a "hold" rating in a research report on Friday, November 1st. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $151.57.

Insider Buying and Selling

In related news, insider Mark Samuel Hoplamazian sold 51,388 shares of Hyatt Hotels stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $149.77, for a total value of $7,696,380.76. Following the completion of the transaction, the insider now owns 623,556 shares in the company, valued at $93,389,982.12. The trade was a 7.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 23.50% of the stock is owned by corporate insiders.

Hyatt Hotels Stock Down 3.1 %

NYSE:H traded down $4.83 during mid-day trading on Friday, hitting $152.94. 499,817 shares of the company's stock traded hands, compared to its average volume of 575,260. The company has a market capitalization 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 quick ratio of 0.79 and a current ratio of 0.79. The company has a fifty day moving average of $151.92 and a 200 day moving average of $149.19. Hyatt Hotels Co. has a twelve month low of $112.04 and a twelve month high of $162.24.

Hyatt Hotels (NYSE:H - Get Free Report) last issued 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 return on equity of 10.74% and a net margin of 20.55%. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, analysts forecast that Hyatt Hotels Co. will post 3.85 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced 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 of this dividend is Friday, November 22nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.39%. Hyatt Hotels's payout ratio is 4.52%.

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.