Janney Montgomery Scott LLC Buys Shares of 3,413 Wyndham Hotels & Resorts (NYSE:WH)

Janney Montgomery Scott LLC acquired a new stake in Wyndham Hotels & Resorts (NYSE:WH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,413 shares of the company's stock, valued at approximately $309,000.

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of Wyndham Hotels & Resorts during the fourth quarter worth $28,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Wyndham Hotels & Resorts by 508.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 280 shares of the company's stock valued at $28,000 after acquiring an additional 234 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Wyndham Hotels & Resorts by 46.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 343 shares of the company's stock valued at $35,000 after acquiring an additional 108 shares during the period. Quarry LP acquired a new stake in shares of Wyndham Hotels & Resorts during the 4th quarter worth about $41,000. Finally, FIL Ltd lifted its stake in shares of Wyndham Hotels & Resorts by 226.6% during the 4th quarter. FIL Ltd now owns 454 shares of the company's stock worth $46,000 after buying an additional 315 shares during the last quarter. 93.46% of the stock is currently owned by institutional investors and hedge funds.

Wyndham Hotels & Resorts Stock Up 0.8%

Shares of Wyndham Hotels & Resorts stock traded up $0.69 during trading on Tuesday, reaching $84.89. 1,162,127 shares of the company traded hands, compared to its average volume of 874,675. The company has a debt-to-equity ratio of 4.29, a current ratio of 0.96 and a quick ratio of 0.96. Wyndham Hotels & Resorts has a 1-year low of $70.08 and a 1-year high of $113.07. The company has a 50 day moving average price of $83.54 and a 200-day moving average price of $92.44. The firm has a market capitalization of $6.54 billion, a PE ratio of 20.12, a P/E/G ratio of 1.71 and a beta of 0.98.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.04. Wyndham Hotels & Resorts had a net margin of 23.52% and a return on equity of 57.49%. The firm had revenue of $316.00 million for the quarter, compared to the consensus estimate of $320.10 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business's revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.41 per share. The ex-dividend date was Friday, June 13th. This represents a $1.64 annualized dividend and a yield of 1.93%. Wyndham Hotels & Resorts's payout ratio is currently 38.86%.

Insiders Place Their Bets

In other news, CEO Geoffrey A. Ballotti sold 26,724 shares of Wyndham Hotels & Resorts stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $85.77, for a total value of $2,292,117.48. Following the completion of the transaction, the chief executive officer owned 467,394 shares in the company, valued at $40,088,383.38. This trade represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.46% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on WH shares. Stifel Nicolaus dropped their price objective on shares of Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group decreased their price target on shares of Wyndham Hotels & Resorts from $124.00 to $108.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Truist Financial decreased their price target on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Robert W. Baird decreased their price target on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. Finally, Morgan Stanley reduced their target price on shares of Wyndham Hotels & Resorts from $102.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Wyndham Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus target price of $107.48.

About Wyndham Hotels & Resorts

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.