Wyndham Hotels & Resorts, Inc. (NYSE:WH) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its holdings in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH - Free Report) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 240,319 shares of the company's stock after selling 8,721 shares during the quarter. JPMorgan Chase & Co. owned about 0.31% of Wyndham Hotels & Resorts worth $18,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WH. Stifel Financial Corp lifted its stake in Wyndham Hotels & Resorts by 91.9% during the third quarter. Stifel Financial Corp now owns 30,665 shares of the company's stock worth $2,396,000 after purchasing an additional 14,688 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Wyndham Hotels & Resorts by 40.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,747,295 shares of the company's stock valued at $136,533,000 after buying an additional 506,593 shares during the period. Natixis Advisors LLC lifted its stake in Wyndham Hotels & Resorts by 37.7% during the 3rd quarter. Natixis Advisors LLC now owns 34,537 shares of the company's stock worth $2,699,000 after acquiring an additional 9,463 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Wyndham Hotels & Resorts by 15.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 64,329 shares of the company's stock valued at $5,027,000 after acquiring an additional 8,389 shares during the period. Finally, Impax Asset Management Group plc boosted its holdings in Wyndham Hotels & Resorts by 35.0% during the 3rd quarter. Impax Asset Management Group plc now owns 135,000 shares of the company's stock valued at $10,549,000 after acquiring an additional 35,000 shares during the period. 93.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Michele Allen sold 15,000 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $89.99, for a total value of $1,349,850.00. Following the completion of the sale, the chief financial officer now owns 10,056 shares in the company, valued at $904,939.44. This trade represents a 59.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Scott R. Strickland sold 2,850 shares of Wyndham Hotels & Resorts stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $88.14, for a total value of $251,199.00. Following the completion of the sale, the insider now owns 26,062 shares in the company, valued at approximately $2,297,104.68. This trade represents a 9.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 97,850 shares of company stock valued at $8,881,849 over the last quarter. Company insiders own 2.79% of the company's stock.

Wyndham Hotels & Resorts Stock Up 1.7 %

Shares of WH traded up $1.73 during mid-day trading on Friday, reaching $100.73. The company's stock had a trading volume of 1,051,225 shares, compared to its average volume of 716,721. The stock has a market cap of $7.84 billion, a PE ratio of 31.98, a price-to-earnings-growth ratio of 2.42 and a beta of 1.30. Wyndham Hotels & Resorts, Inc. has a 12-month low of $67.67 and a 12-month high of $105.16. The company has a debt-to-equity ratio of 4.19, a current ratio of 0.97 and a quick ratio of 0.97. The company's 50 day moving average is $98.77 and its 200 day moving average is $84.87.

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

Wyndham Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.51%. The ex-dividend date was Friday, December 13th. Wyndham Hotels & Resorts's dividend payout ratio (DPR) is 48.25%.

Analyst Ratings Changes

Several brokerages have recently issued reports on WH. Robert W. Baird increased their price target on shares of Wyndham Hotels & Resorts from $92.00 to $97.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of Wyndham Hotels & Resorts from $99.00 to $113.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. StockNews.com raised Wyndham Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Barclays increased their price objective on Wyndham Hotels & Resorts from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, December 13th. Finally, Truist Financial boosted their target price on Wyndham Hotels & Resorts from $103.00 to $105.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts has a consensus rating of "Moderate Buy" and an average price target of $108.10.

Wyndham Hotels & Resorts Profile

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