Principal Financial Group Inc. Buys 441,417 Shares of Hyatt Hotels Corporation (NYSE:H)

Principal Financial Group Inc. raised its holdings in shares of Hyatt Hotels Corporation (NYSE:H - Free Report) by 16.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,135,774 shares of the company's stock after acquiring an additional 441,417 shares during the quarter. Principal Financial Group Inc. owned approximately 3.26% of Hyatt Hotels worth $384,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Bernard Wealth Management Corp. acquired a new stake in shares of Hyatt Hotels during the 4th quarter valued at about $26,000. UMB Bank n.a. lifted its holdings in shares of Hyatt Hotels by 138.8% during the 1st quarter. UMB Bank n.a. now owns 499 shares of the company's stock valued at $61,000 after buying an additional 290 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Hyatt Hotels during the 4th quarter valued at about $88,000. Allstate Corp acquired a new stake in shares of Hyatt Hotels during the 4th quarter valued at about $221,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of Hyatt Hotels by 120.3% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,518 shares of the company's stock valued at $238,000 after buying an additional 829 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Truist Financial reduced their price target on Hyatt Hotels from $156.00 to $140.00 and set a "buy" rating for the company in a report on Friday, May 30th. Barclays lifted their price target on Hyatt Hotels from $122.00 to $127.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley reduced their target price on Hyatt Hotels from $127.00 to $112.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Macquarie reduced their target price on Hyatt Hotels from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Finally, Raymond James Financial upgraded Hyatt Hotels from a "market perform" rating to a "strong-buy" rating and set a $165.00 target price for the company in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $150.63.

Hyatt Hotels Stock Performance

NYSE H traded up $1.97 during trading on Friday, hitting $147.36. The company's stock had a trading volume of 635,156 shares, compared to its average volume of 756,142. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The firm has a 50 day moving average price of $131.62 and a 200 day moving average price of $135.87. The firm has a market cap of $14.07 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 4.76 and a beta of 1.42. Hyatt Hotels Corporation has a 52 week low of $102.43 and a 52 week high of $168.20.

Hyatt Hotels (NYSE:H - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.30 by $0.16. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. Hyatt Hotels had a return on equity of 8.98% and a net margin of 11.94%. During the same period in the previous year, the business posted $0.71 EPS. Equities research analysts forecast that Hyatt Hotels Corporation will post 3.05 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Stockholders of record on Thursday, May 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, May 29th. Hyatt Hotels's dividend payout ratio is presently 7.79%.

Insider Buying and Selling at Hyatt Hotels

In other news, insider Jnp Parachute Mirror Trust L sold 53,361 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $132.75, for a total transaction of $7,083,672.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Hotels Corp Hyatt acquired 996,587 shares of the stock in a transaction dated Friday, June 13th. The shares were purchased at an average price of $13.50 per share, for a total transaction of $13,453,924.50. Following the completion of the transaction, the insider owned 117,077,441 shares of the company's stock, valued at $1,580,545,453.50. This trade represents a 0.86% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 371,111 shares of company stock valued at $49,273,516 in the last quarter. 23.70% of the stock is currently owned by corporate insiders.

Hyatt Hotels 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.