Ameriprise Financial Inc. Buys 28,699 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Ameriprise Financial Inc. raised its stake in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 27.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,429 shares of the company’s stock after purchasing an additional 28,699 shares during the period. Ameriprise Financial Inc. owned 0.17% of Wyndham Hotels & Resorts worth $13,247,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mutual of America Capital Management LLC grew its holdings in shares of Wyndham Hotels & Resorts by 17.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 173,952 shares of the company’s stock valued at $17,533,000 after buying an additional 25,702 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Wyndham Hotels & Resorts during the fourth quarter valued at about $248,000. Bessemer Group Inc. grew its holdings in shares of Wyndham Hotels & Resorts by 24,953.8% during the fourth quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock valued at $134,414,000 after buying an additional 1,328,292 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Wyndham Hotels & Resorts during the fourth quarter valued at about $28,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Wyndham Hotels & Resorts by 1.0% during the fourth quarter. Bank of New York Mellon Corp now owns 851,974 shares of the company’s stock valued at $85,870,000 after buying an additional 8,129 shares during the last quarter. 93.46% of the stock is owned by institutional investors.

Wyndham Hotels & Resorts Stock Up 3.3%

WH opened at $88.71 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 1.87 and a beta of 1.08. Wyndham Hotels & Resorts, Inc. has a twelve month low of $67.67 and a twelve month high of $113.07. The company’s 50-day moving average price is $86.25 and its two-hundred day moving average price is $96.27.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. The firm had revenue of $316.00 million for the quarter, compared to analysts’ expectations of $320.10 million. During the same period in the previous year, the company earned $0.78 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. As a group, equities analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, June 13th. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 38.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on WH shares. Susquehanna lifted their price objective on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. The Goldman Sachs Group cut 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 cut 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. Jefferies Financial Group cut their price target on shares of Wyndham Hotels & Resorts from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Finally, Wells Fargo & Company boosted their price target on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Wyndham Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $108.48.

Wyndham Hotels & Resorts Company Profile

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.