Northern Trust Corp Purchases 157,044 Shares of H World Group Limited Sponsored ADR $HTHT

Key Points

• Northern Trust Corp increased its holdings in H World Group Limited by 14.2% during the first quarter, now owning approximately $46.8 million worth of shares.
• Several institutional investors have significantly boosted their stakes in H World Group, including Mirae Asset Global Investments, which increased its holdings by an impressive 4,554.2%.
• H World Group recently announced a $0.79 semi-annual dividend, with a notable 480.0% yield, despite having a payout ratio of 114.46%.

Northern Trust Corp raised its holdings in shares of H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 14.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,264,397 shares of the company's stock after acquiring an additional 157,044 shares during the period. Northern Trust Corp owned about 0.41% of H World Group worth $46,795,000 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 HTHT. Mirae Asset Global Investments Co. Ltd. grew its position in H World Group by 4,554.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,684,748 shares of the company's stock valued at $432,453,000 after acquiring an additional 11,433,692 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in H World Group by 2,301.4% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,926,818 shares of the company's stock valued at $145,332,000 after acquiring an additional 3,763,295 shares during the last quarter. Temasek Holdings Private Ltd boosted its stake in shares of H World Group by 87.2% during the fourth quarter. Temasek Holdings Private Ltd now owns 4,117,528 shares of the company's stock valued at $136,002,000 after purchasing an additional 1,917,528 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of H World Group by 625.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,136,770 shares of the company's stock valued at $70,578,000 after purchasing an additional 1,842,244 shares during the period. Finally, Keystone Investors PTE Ltd. boosted its stake in shares of H World Group by 1,280.0% during the first quarter. Keystone Investors PTE Ltd. now owns 1,901,589 shares of the company's stock valued at $70,378,000 after purchasing an additional 1,763,789 shares during the period. 46.41% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HTHT. Zacks Research raised H World Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 28th. JPMorgan Chase & Co. dropped their price objective on H World Group from $43.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, May 21st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $40.80.

H World Group Stock Down 0.2%

Shares of HTHT stock traded down $0.07 during mid-day trading on Tuesday, reaching $36.78. 1,590,427 shares of the company's stock traded hands, compared to its average volume of 2,548,333. H World Group Limited Sponsored ADR has a 12 month low of $28.27 and a 12 month high of $42.98. The company has a market cap of $11.29 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.76 and a beta of 0.35. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.32. The company's 50-day moving average price is $33.61 and its 200-day moving average price is $34.94.

H World Group Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 9th will be given a $0.79 dividend. This represents a dividend yield of 480.0%. The ex-dividend date of this dividend is Tuesday, September 9th. H World Group's payout ratio is currently 114.46%.

H World Group Profile

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.