Hyatt Hotels Corporation $H Stake Raised by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in shares of Hyatt Hotels Corporation (NYSE:H) by 876.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,758 shares of the company’s stock after acquiring an additional 3,373 shares during the period. Fifth Third Bancorp’s holdings in Hyatt Hotels were worth $533,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. grew its holdings in Hyatt Hotels by 21.8% during the third quarter. Principal Financial Group Inc. now owns 4,715,085 shares of the company’s stock worth $669,221,000 after acquiring an additional 843,121 shares during the period. Veritas Asset Management LLP acquired a new stake in Hyatt Hotels in the 3rd quarter valued at about $29,067,000. Davidson Investment Advisors bought a new stake in Hyatt Hotels during the third quarter worth approximately $9,990,000. Assetmark Inc. boosted its stake in shares of Hyatt Hotels by 4.4% during the 3rd quarter. Assetmark Inc. now owns 80,300 shares of the company’s stock worth $11,397,000 after acquiring an additional 3,387 shares in the last quarter. Finally, Malaga Cove Capital LLC increased its stake in Hyatt Hotels by 39.7% in the 2nd quarter. Malaga Cove Capital LLC now owns 9,990 shares of the company’s stock worth $1,395,000 after purchasing an additional 2,840 shares in the last quarter. Institutional investors own 73.54% of the company’s stock.

Hyatt Hotels Stock Performance

Shares of NYSE H opened at $171.90 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.75 and a quick ratio of 0.68. Hyatt Hotels Corporation has a one year low of $102.43 and a one year high of $180.53. The business’s 50-day moving average price is $164.41 and its two-hundred day moving average price is $153.10. The company has a market capitalization of $16.32 billion, a P/E ratio of -306.97, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.

Hyatt Hotels (NYSE:H) last announced its quarterly earnings results on Thursday, February 12th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $1.04. Hyatt Hotels had a positive return on equity of 5.53% and a negative net margin of 0.73%.The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the previous year, the company earned $0.42 EPS. Analysts anticipate that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.60 annualized dividend and a dividend yield of 0.3%. Hyatt Hotels’s dividend payout ratio is -107.14%.

Insiders Place Their Bets

In other Hyatt Hotels news, insider Javier Aguila sold 9,548 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $165.87, for a total transaction of $1,583,726.76. Following the transaction, the insider directly owned 2,684 shares of the company’s stock, valued at $445,195.08. This represents a 78.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David Udell sold 4,300 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $166.00, for a total value of $713,800.00. Following the transaction, the insider owned 13,746 shares in the company, valued at approximately $2,281,836. This trade represents a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 23.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

H has been the topic of several recent analyst reports. Evercore reissued an “in-line” rating and set a $175.00 target price (up from $170.00) on shares of Hyatt Hotels in a research note on Thursday, January 22nd. Morgan Stanley lifted their price target on Hyatt Hotels from $168.00 to $194.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Robert W. Baird increased their price objective on Hyatt Hotels from $154.00 to $156.00 and gave the stock a “neutral” rating in a research note on Thursday, November 20th. Barclays raised their price objective on Hyatt Hotels from $198.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Finally, Truist Financial upped their target price on Hyatt Hotels from $159.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hyatt Hotels has a consensus rating of “Moderate Buy” and an average price target of $175.06.

About Hyatt Hotels

Hyatt Hotels Corporation (NYSE: H) is a global hospitality company that develops, owns, manages and franchises luxury and business hotels, resorts and vacation properties. Its portfolio spans a range of price points and styles under brands such as Park Hyatt, Grand Hyatt, Andaz, Hyatt Regency, Hyatt Centric, Hyatt Place, Hyatt House, Thompson Hotels, Alila and Destination by Hyatt. In addition to accommodations, the company provides meeting and event spaces, food and beverage outlets, spa and wellness centers, and a variety of guest services designed to cater to both leisure and business travelers.

Hyatt’s business model combines property ownership, management contracts and third-party franchising.