Ameriprise Financial Inc. Sells 32,297 Shares of Hyatt Hotels Co. (NYSE:H)

Ameriprise Financial Inc. cut its stake in Hyatt Hotels Co. (NYSE:H - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 531,913 shares of the company's stock after selling 32,297 shares during the quarter. Ameriprise Financial Inc. owned about 0.55% of Hyatt Hotels worth $83,500,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in H. Bernard Wealth Management Corp. bought a new position in Hyatt Hotels in the 4th quarter worth about $26,000. UMB Bank n.a. raised its stake in Hyatt Hotels by 99.0% in the fourth quarter. UMB Bank n.a. now owns 209 shares of the company's stock valued at $33,000 after purchasing an additional 104 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Hyatt Hotels by 750.0% in the 4th quarter. Venturi Wealth Management LLC now owns 340 shares of the company's stock worth $53,000 after buying an additional 300 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Hyatt Hotels by 31.9% during the 4th quarter. Fifth Third Bancorp now owns 467 shares of the company's stock valued at $73,000 after buying an additional 113 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Hyatt Hotels during the 4th quarter worth $88,000. Institutional investors own 73.54% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lowered their price target on Hyatt Hotels from $172.00 to $170.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Mizuho decreased their price objective on Hyatt Hotels from $207.00 to $201.00 and set an "outperform" rating on the stock in a report on Friday, February 14th. Melius Research raised Hyatt Hotels to a "strong-buy" rating in a research note on Monday, April 21st. Robert W. Baird decreased their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 19th. Finally, StockNews.com cut shares of Hyatt Hotels from a "hold" rating to a "sell" rating in a research note on Monday, February 17th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Hyatt Hotels presently has a consensus rating of "Hold" and an average target price of $151.17.

Hyatt Hotels Trading Up 0.1 %

H stock traded up $0.15 on Friday, reaching $127.10. The company's stock had a trading volume of 878,759 shares, compared to its average volume of 670,042. The firm has a market cap of $12.22 billion, a PE ratio of 10.22 and a beta of 1.36. The business has a fifty day simple moving average of $118.74 and a two-hundred day simple moving average of $141.85. Hyatt Hotels Co. has a 12-month low of $102.43 and a 12-month high of $168.20. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.83 and a current ratio of 0.83.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.30 by $0.16. Hyatt Hotels had a net margin of 19.50% and a return on equity of 9.81%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. As a group, research analysts forecast that Hyatt Hotels Co. will post 3.05 EPS for the current year.

Hyatt Hotels Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend is Thursday, May 29th. Hyatt Hotels's dividend payout ratio is currently 7.79%.

Insider Activity

In related news, insider Mark R. Vondrasek sold 10,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $116.80, for a total value of $1,168,000.00. Following the transaction, the insider now owns 9,337 shares in the company, valued at $1,090,561.60. The trade was a 51.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan D. Kronick sold 1,600 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $141.78, for a total transaction of $226,848.00. Following the sale, the director now owns 37,927 shares of the company's stock, valued at approximately $5,377,290.06. This represents a 4.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,600 shares of company stock worth $1,517,798 in the last quarter. 23.70% of the stock is owned by company insiders.

About Hyatt Hotels

Hyatt Hotels Corporation operates as a hospitality company in the United States and internationally. It operates through Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, EAME Management and Franchising, and Apple Leisure Group segments. The company manages, franchises, licenses, owns, and leases portfolio of properties, consisting of full-service hotels and resorts, select service hotels, and other properties, including timeshare, fractional, residential, vacation, and condominium units.