Deutsche Bank AG Makes New Investment in Hyatt Hotels Corporation $H

Deutsche Bank AG bought a new stake in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,202 shares of the company's stock, valued at approximately $1,015,000.

Several other hedge funds also recently added to or reduced their stakes in H. Goldman Sachs Group Inc. grew its stake in Hyatt Hotels by 7.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 426,359 shares of the company's stock valued at $52,229,000 after purchasing an additional 29,976 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Hyatt Hotels by 8.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 143,311 shares of the company's stock worth $17,556,000 after purchasing an additional 11,252 shares during the last quarter. Norges Bank bought a new position in shares of Hyatt Hotels in the 2nd quarter worth about $616,000. Daiwa Securities Group Inc. lifted its holdings in Hyatt Hotels by 394.6% in the second quarter. Daiwa Securities Group Inc. now owns 17,312 shares of the company's stock worth $2,418,000 after acquiring an additional 13,812 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Hyatt Hotels by 61.0% during the 2nd quarter. Sei Investments Co. now owns 68,803 shares of the company's stock valued at $9,609,000 after purchasing an additional 26,073 shares during the period. 73.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Hyatt Hotels

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,700 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $179.88, for a total transaction of $305,796.00. Following the completion of the sale, the director owned 29,525 shares of the company's stock, valued at $5,310,957. This represents a 5.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David Udell sold 2,087 shares of the firm's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $188.00, for a total transaction of $392,356.00. Following the completion of the transaction, the insider owned 16,638 shares in the company, valued at $3,127,944. The trade was a 11.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 23.60% of the stock is owned by insiders.

Hyatt Hotels Stock Down 0.1%

H stock opened at $172.11 on Monday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $16.22 billion, a P/E ratio of 209.89 and a beta of 1.33. Hyatt Hotels Corporation has a 52-week low of $134.18 and a 52-week high of $206.86. The company's 50 day simple moving average is $184.97 and its 200-day simple moving average is $172.81.

Hyatt Hotels (NYSE:H - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.12 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.21. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.82 billion. Hyatt Hotels had a return on equity of 7.27% and a net margin of 1.10%.The business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. As a group, equities research analysts anticipate that Hyatt Hotels Corporation will post 3.54 EPS for the current year.

Hyatt Hotels Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.3%. The ex-dividend date is Thursday, August 27th. Hyatt Hotels's dividend payout ratio (DPR) is 73.17%.

Wall Street Analysts Forecast Growth

H has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on shares of Hyatt Hotels from $182.00 to $186.00 and gave the stock an "equal weight" rating in a report on Thursday, July 16th. HSBC upgraded shares of Hyatt Hotels from a "hold" rating to a "buy" rating and set a $212.00 price objective on the stock in a research note on Thursday, June 4th. Morgan Stanley decreased their price target on Hyatt Hotels from $218.00 to $209.00 and set an "overweight" rating for the company in a research note on Tuesday, August 18th. Truist Financial lifted their price target on Hyatt Hotels from $181.00 to $187.00 and gave the company a "buy" rating in a research report on Tuesday, May 26th. Finally, Stifel Nicolaus set a $182.00 price objective on Hyatt Hotels in a report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $196.64.

Hyatt Hotels Profile

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.

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