JPMorgan Chase & Co. Buys 972,708 Shares of 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% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,213,027 shares of the company's stock after purchasing an additional 972,708 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.56% of Wyndham Hotels & Resorts worth $122,261,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC boosted its position in shares of Wyndham Hotels & Resorts by 17.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company's stock valued at $17,533,000 after purchasing an additional 25,702 shares in the last quarter. CIBC Asset Management Inc bought a new position in Wyndham Hotels & Resorts in the fourth quarter worth approximately $248,000. Stifel Financial Corp grew its stake in Wyndham Hotels & Resorts by 91.9% in the third quarter. Stifel Financial Corp now owns 30,665 shares of the company's stock valued at $2,396,000 after acquiring an additional 14,688 shares during the period. Proficio Capital Partners LLC acquired a new stake in Wyndham Hotels & Resorts in the fourth quarter valued at approximately $28,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Wyndham Hotels & Resorts by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company's stock valued at $85,870,000 after acquiring an additional 8,129 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Wyndham Hotels & Resorts Stock Performance

Wyndham Hotels & Resorts stock traded down $4.15 during mid-day trading on Friday, reaching $82.21. 1,254,722 shares of the company's stock were exchanged, compared to its average volume of 819,941. The firm has a market capitalization of $6.37 billion, a PE ratio of 22.65, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The business's fifty day simple moving average is $100.24 and its 200 day simple moving average is $95.96. Wyndham Hotels & Resorts, Inc. has a one year low of $67.67 and a one year high of $113.07.

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

Wyndham Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.41 per share. The ex-dividend date was Monday, March 17th. This represents a $1.64 annualized dividend and a dividend yield of 1.99%. This is a positive change from Wyndham Hotels & Resorts's previous quarterly dividend of $0.38. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is presently 45.18%.

Analysts Set New Price Targets

Several research firms recently issued reports on WH. Stifel Nicolaus lifted their price target on shares of Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lifted their price objective on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an "overweight" rating in a report on Friday, December 13th. The Goldman Sachs Group upped their target price on shares of Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Robert W. Baird lifted their price target on Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Barclays increased their price objective on Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $116.08.

Wyndham Hotels & Resorts Company Profile

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.