Paloma Partners Management Co Buys Shares of 15,000 Wyndham Hotels & Resorts $WH

Key Points

• Paloma Partners Management Co has acquired 15,000 shares of Wyndham Hotels & Resorts, worth approximately $1.36 million, during the first quarter of the year.
• Analysts show strong confidence in Wyndham Hotels & Resorts, with several upgrades leading to target prices reaching as high as $106.98 amid a consensus rating of "Moderate Buy."
• The company recently announced a quarterly dividend of $0.41 per share, with a dividend yield of 1.9%, reflecting a payout ratio of 38.32%.

Paloma Partners Management Co purchased a new stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,000 shares of the company's stock, valued at approximately $1,358,000.

A number of other large investors also recently bought and sold shares of WH. Xponance Inc. increased its position in shares of Wyndham Hotels & Resorts by 1.3% during the first quarter. Xponance Inc. now owns 9,467 shares of the company's stock worth $857,000 after purchasing an additional 126 shares in the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 2.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 5,015 shares of the company's stock valued at $454,000 after buying an additional 135 shares during the period. Quarry LP lifted its holdings in shares of Wyndham Hotels & Resorts by 34.5% in the 1st quarter. Quarry LP now owns 542 shares of the company's stock valued at $49,000 after buying an additional 139 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of Wyndham Hotels & Resorts by 36.1% in the 1st quarter. First Horizon Advisors Inc. now owns 626 shares of the company's stock valued at $57,000 after buying an additional 166 shares during the period. Finally, State of Michigan Retirement System boosted its stake in shares of Wyndham Hotels & Resorts by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 18,653 shares of the company's stock worth $1,688,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 93.46% of the company's stock.

Analyst Ratings Changes

WH has been the topic of several recent analyst reports. Robert W. Baird increased their target price on shares of Wyndham Hotels & Resorts from $98.00 to $99.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Morgan Stanley reissued an "overweight" rating and issued a $105.00 target price on shares of Wyndham Hotels & Resorts in a research note on Tuesday, July 15th. JPMorgan Chase & Co. started coverage on shares of Wyndham Hotels & Resorts in a research note on Monday, June 23rd. They issued an "overweight" rating and a $101.00 target price on the stock. Barclays lifted their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company an "overweight" rating in a research report on Friday, July 25th. Finally, Truist Financial lifted their target price on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a report on Friday, July 25th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $106.98.

Wyndham Hotels & Resorts Stock Performance

WH traded up $0.08 on Friday, reaching $86.29. The company had a trading volume of 1,053,953 shares, compared to its average volume of 1,016,996. Wyndham Hotels & Resorts has a 1 year low of $75.91 and a 1 year high of $113.07. The stock has a market capitalization of $6.59 billion, a PE ratio of 20.16, a P/E/G ratio of 1.51 and a beta of 0.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 4.44. The stock has a 50-day moving average price of $86.72 and a 200-day moving average price of $87.76.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.16 by $0.17. Wyndham Hotels & Resorts had a net margin of 23.10% and a return on equity of 60.79%. The firm had revenue of $397.00 million during the quarter, compared to analysts' expectations of $384.69 million. During the same period in the previous year, the company earned $1.13 earnings per share. Wyndham Hotels & Resorts's quarterly revenue was up 8.2% compared to the same quarter last year. Wyndham Hotels & Resorts has set its FY 2025 guidance at 4.600-4.780 EPS. As a group, research analysts forecast that Wyndham Hotels & Resorts will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, September 15th. Wyndham Hotels & Resorts's dividend payout ratio is presently 38.32%.

Wyndham Hotels & Resorts 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.