JPMorgan Chase & Co. Increases Stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

JPMorgan Chase & Co. raised its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 404.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,213,027 shares of the company's stock after purchasing an additional 972,708 shares during the quarter. JPMorgan Chase & Co. owned 1.56% of Wyndham Hotels & Resorts worth $122,261,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of WH. TimesSquare Capital Management LLC lifted its stake in Wyndham Hotels & Resorts by 74.8% in the 4th quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company's stock worth $50,167,000 after purchasing an additional 213,052 shares in the last quarter. Boston Partners lifted its position in shares of Wyndham Hotels & Resorts by 5.3% in the fourth quarter. Boston Partners now owns 3,853,527 shares of the company's stock worth $388,462,000 after buying an additional 192,221 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Wyndham Hotels & Resorts in the fourth quarter worth about $18,764,000. Raymond James Financial Inc. bought a new position in Wyndham Hotels & Resorts during the fourth quarter valued at approximately $8,462,000. Finally, Wealthfront Advisers LLC purchased a new position in Wyndham Hotels & Resorts during the 4th quarter valued at approximately $7,558,000. 93.46% of the stock is currently owned by institutional investors.

Wyndham Hotels & Resorts Trading Down 6.5 %

WH traded down $5.99 during trading hours on Thursday, reaching $86.26. 1,206,204 shares of the company's stock traded hands, compared to its average volume of 817,511. The firm has a 50-day moving average price of $100.69 and a 200 day moving average price of $95.69. The firm has a market capitalization of $6.71 billion, a PE ratio of 23.76, a PEG ratio of 1.87 and a beta of 1.28. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07.

Remove Ads

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. As a group, sell-side analysts predict that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 17th. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.90%. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is 45.18%.

Analysts Set New Price Targets

WH has been the subject of a number of research reports. Jefferies Financial Group increased their target price on Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Robert W. Baird increased their price objective on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their target price on shares of Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Susquehanna increased their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Finally, Barclays lifted their price target on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $116.08.

About Wyndham Hotels & Resorts

Wyndham Hotels & Resorts, Inc engages in the franchise and operation of hotels under the Wyndham brand. It operates through the Hotel Franchising and Hotel Management segments. The Hotel Franchising segment focuses on licensing the company's lodging brands and providing related services to third-party hotel owners and others.