Ameriprise Financial Inc. Has $59.32 Million Stake in Hyatt Hotels Corporation $H

Key Points

• Ameriprise Financial Inc. reduced its stake in Hyatt Hotels by 9.0%, owning approximately 484,235 shares valued at $59.32 million as of the recent reporting period.
• Hyatt Hotels announced a quarterly dividend of $0.15 per share, which will be paid to shareholders on September 10th, representing an annualized yield of 0.4%.
• Analysts' ratings for Hyatt Hotels show a consensus of moderate buy, with an average target price of $152.26 and a mix of ratings from strong buy to sell.

Ameriprise Financial Inc. trimmed its stake in Hyatt Hotels Corporation (NYSE:H - Free Report) by 9.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 484,235 shares of the company's stock after selling 47,678 shares during the period. Ameriprise Financial Inc. owned about 0.50% of Hyatt Hotels worth $59,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of H. Marshall Wace LLP acquired a new stake in Hyatt Hotels in the fourth quarter valued at $315,000. Price T Rowe Associates Inc. MD boosted its position in Hyatt Hotels by 3.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 72,651 shares of the company's stock valued at $11,405,000 after acquiring an additional 2,509 shares during the last quarter. Boothbay Fund Management LLC bought a new stake in Hyatt Hotels during the fourth quarter valued at $937,000. Aquatic Capital Management LLC bought a new stake in Hyatt Hotels during the fourth quarter valued at $521,000. Finally, Northern Trust Corp boosted its position in Hyatt Hotels by 25.5% during the fourth quarter. Northern Trust Corp now owns 385,101 shares of the company's stock valued at $60,453,000 after acquiring an additional 78,144 shares during the last quarter. 73.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hyatt Hotels news, Director Cary D. Mcmillan sold 1,000 shares of Hyatt Hotels stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $132.70, for a total transaction of $132,700.00. Following the completion of the transaction, the director owned 498 shares in the company, valued at approximately $66,084.60. The trade was a 66.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David Udell sold 3,891 shares of Hyatt Hotels stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $134.03, for a total value of $521,510.73. Following the transaction, the insider owned 16,756 shares of the company's stock, valued at $2,245,806.68. This trade represents a 18.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,491 shares of company stock worth $870,211 over the last 90 days. Company insiders own 23.70% of the company's stock.

Hyatt Hotels Price Performance

H stock opened at $145.03 on Thursday. Hyatt Hotels Corporation has a 1 year low of $102.43 and a 1 year high of $168.20. The stock has a market capitalization of $13.85 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 2.23 and a beta of 1.46. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.70 and a quick ratio of 0.70. The company's 50-day moving average is $142.62 and its 200-day moving average is $132.70.

Hyatt Hotels (NYSE:H - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.06. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Hyatt Hotels had a return on equity of 6.54% and a net margin of 6.39%.During the same quarter in the previous year, the business earned $1.53 EPS. Equities research analysts expect that Hyatt Hotels Corporation will post 3.05 EPS for the current fiscal year.

Hyatt Hotels Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Wednesday, August 27th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.4%. Hyatt Hotels's payout ratio is 14.25%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on H. Deutsche Bank Aktiengesellschaft raised shares of Hyatt Hotels from a "hold" rating to a "buy" rating in a research report on Monday, July 14th. Raymond James Financial raised shares of Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 price target on the stock in a research report on Tuesday, July 1st. The Goldman Sachs Group upped their price target on shares of Hyatt Hotels from $110.00 to $123.00 and gave the company a "sell" rating in a research report on Friday, May 2nd. Barclays cut their price target on shares of Hyatt Hotels from $158.00 to $156.00 and set an "equal weight" rating on the stock in a research report on Friday, August 8th. Finally, Truist Financial cut their price objective on shares of Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $152.26.

Hyatt Hotels Company Profile

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.

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