Stifel Financial Corp Purchases 14,688 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Stifel Financial Corp grew its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 91.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,665 shares of the company's stock after buying an additional 14,688 shares during the period. Stifel Financial Corp's holdings in Wyndham Hotels & Resorts were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quantinno Capital Management LP raised its stake in Wyndham Hotels & Resorts by 34.2% during the 3rd quarter. Quantinno Capital Management LP now owns 8,961 shares of the company's stock worth $700,000 after acquiring an additional 2,286 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Wyndham Hotels & Resorts by 4.5% during the third quarter. Janus Henderson Group PLC now owns 628,521 shares of the company's stock worth $49,116,000 after purchasing an additional 27,172 shares in the last quarter. Centiva Capital LP purchased a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at about $438,000. Atom Investors LP lifted its holdings in shares of Wyndham Hotels & Resorts by 126.9% in the 3rd quarter. Atom Investors LP now owns 23,859 shares of the company's stock valued at $1,864,000 after purchasing an additional 13,342 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Wyndham Hotels & Resorts in the 3rd quarter valued at about $204,000. 93.46% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WH has been the topic of a number of recent research reports. Oppenheimer lifted their price objective on shares of Wyndham Hotels & Resorts from $90.00 to $115.00 and gave the company an "outperform" rating in a research note on Tuesday, November 12th. Robert W. Baird upped their price objective on Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Truist Financial lifted their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the company a "buy" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. upped their price target on Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the stock an "overweight" rating in a research note on Friday, December 13th. Finally, The Goldman Sachs Group increased their price target on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Three 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, Wyndham Hotels & Resorts presently has an average rating of "Moderate Buy" and a consensus price target of $105.56.

Insider Buying and Selling at Wyndham Hotels & Resorts

In other news, Director Stephen P. Holmes sold 80,000 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $91.01, for a total transaction of $7,280,800.00. Following the completion of the transaction, the director now directly owns 366,371 shares in the company, valued at $33,343,424.71. This trade represents a 17.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott R. Strickland sold 2,850 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $88.14, for a total transaction of $251,199.00. Following the completion of the sale, the insider now owns 26,062 shares in the company, valued at $2,297,104.68. This represents a 9.86 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,850 shares of company stock valued at $8,881,849. 2.79% of the stock is currently owned by company insiders.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE:WH traded up $1.27 during midday trading on Thursday, hitting $99.71. The company's stock had a trading volume of 844,353 shares, compared to its average volume of 751,903. The stock's 50 day simple moving average is $94.05 and its 200 day simple moving average is $81.85. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.42 and a beta of 1.32. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.97 and a current ratio of 0.97. Wyndham Hotels & Resorts, Inc. has a fifty-two week low of $67.67 and a fifty-two week high of $105.16.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.38 by $0.01. The company had revenue of $396.00 million for the quarter, compared to analysts' expectations of $408.32 million. Wyndham Hotels & Resorts had a return on equity of 51.79% and a net margin of 18.29%. The business's revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 earnings per share. As a group, research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.29 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, December 13th. Wyndham Hotels & Resorts's payout ratio is presently 48.25%.

Wyndham Hotels & Resorts Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.