Russell Investments Group Ltd. Grows Stock Holdings in Wyndham Hotels & Resorts $WH

Key Points

• Russell Investments Group Ltd. increased its stake in Wyndham Hotels & Resorts by 5.3% in Q1, now owning 101,161 shares valued at approximately $9.16 million.
• Wyndham Hotels & Resorts recently announced a quarterly dividend of $0.41 per share, representing an annualized yield of 1.9%, set to be paid on September 30th.
• Analyst ratings are predominantly positive, with 11 analysts rating the stock as a buy and a consensus target price of $106.98.

Russell Investments Group Ltd. lifted its holdings in Wyndham Hotels & Resorts (NYSE:WH - Free Report) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,161 shares of the company's stock after acquiring an additional 5,049 shares during the period. Russell Investments Group Ltd. owned 0.13% of Wyndham Hotels & Resorts worth $9,156,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Burgundy Asset Management Ltd. grew its holdings in Wyndham Hotels & Resorts by 1.7% during the 4th quarter. Burgundy Asset Management Ltd. now owns 2,301,289 shares of the company's stock valued at $231,947,000 after buying an additional 37,832 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Wyndham Hotels & Resorts by 6.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,419,168 shares of the company's stock worth $143,038,000 after purchasing an additional 81,730 shares during the period. Bessemer Group Inc. grew its holdings in Wyndham Hotels & Resorts by 1.7% during the 1st quarter. Bessemer Group Inc. now owns 1,356,605 shares of the company's stock valued at $122,786,000 after purchasing an additional 22,990 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Wyndham Hotels & Resorts by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,309,177 shares of the company's stock worth $131,952,000 after purchasing an additional 29,220 shares during the period. Finally, Northern Trust Corp raised its position in Wyndham Hotels & Resorts by 21.3% in the 4th quarter. Northern Trust Corp now owns 1,012,915 shares of the company's stock worth $102,092,000 after purchasing an additional 178,047 shares during the period. 93.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Truist Financial boosted their target price on Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Morgan Stanley reaffirmed an "overweight" rating and issued a $105.00 price objective on shares of Wyndham Hotels & Resorts in a research report on Tuesday, July 15th. Stifel Nicolaus reduced their target price on Wyndham Hotels & Resorts from $121.00 to $102.75 and set a "buy" rating on the stock in a research note on Thursday, May 1st. JPMorgan Chase & Co. began coverage on Wyndham Hotels & Resorts in a research report on Monday, June 23rd. They set an "overweight" rating and a $101.00 target price for the company. Finally, Barclays raised their price target on shares of Wyndham Hotels & Resorts from $100.00 to $101.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Wyndham Hotels & Resorts presently has an average rating of "Moderate Buy" and a consensus target price of $106.98.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $87.61 on Tuesday. Wyndham Hotels & Resorts has a 12-month low of $75.08 and a 12-month high of $113.07. The business's fifty day simple moving average is $84.97 and its 200-day simple moving average is $89.34. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 4.44. The company has a market cap of $6.69 billion, a PE ratio of 20.47, a PEG ratio of 1.55 and a beta of 0.99.

Wyndham Hotels & Resorts (NYSE:WH - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.17. The company had revenue of $397.00 million for the quarter, compared to analyst estimates of $384.69 million. Wyndham Hotels & Resorts had a return on equity of 60.79% and a net margin of 23.10%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.13 EPS. Analysts expect that Wyndham Hotels & Resorts will post 4.79 earnings per share for the current fiscal year.

Wyndham Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Monday, September 15th. Wyndham Hotels & Resorts's payout ratio is currently 38.32%.

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.

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