Synovus Financial Corp Grows Position in Hyatt Hotels Co. (NYSE:H)

Synovus Financial Corp boosted its stake in shares of Hyatt Hotels Co. (NYSE:H) by 15.4% during the 3rd quarter, Holdings Channel reports. The firm owned 3,492 shares of the company’s stock after acquiring an additional 467 shares during the quarter. Synovus Financial Corp’s holdings in Hyatt Hotels were worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Bamco Inc. NY boosted its holdings in shares of Hyatt Hotels by 1.3% in the 3rd quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock valued at $834,574,000 after acquiring an additional 68,608 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Hyatt Hotels by 6.5% in the 2nd quarter. Principal Financial Group Inc. now owns 2,645,002 shares of the company’s stock valued at $401,827,000 after acquiring an additional 162,562 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Hyatt Hotels by 3.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,755,535 shares of the company’s stock valued at $267,192,000 after acquiring an additional 56,082 shares during the last quarter. State Street Corp boosted its holdings in shares of Hyatt Hotels by 0.4% in the 3rd quarter. State Street Corp now owns 1,441,148 shares of the company’s stock valued at $219,343,000 after acquiring an additional 6,007 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Hyatt Hotels by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after acquiring an additional 7,440 shares during the last quarter. Hedge funds and other institutional investors own 73.54% of the company’s stock.

Insider Activity

In related news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $159.99, for a total transaction of $604,122.24. Following the completion of the sale, the insider now directly owns 5,798 shares in the company, valued at approximately $927,622.02. This trade represents a 39.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on H. Truist Financial dropped their price objective on shares of Hyatt Hotels from $169.00 to $158.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a report on Friday, November 1st. Evercore ISI increased their price target on shares of Hyatt Hotels from $145.00 to $155.00 and gave the stock an “in-line” rating in a report on Monday, October 21st. Cfra set a $155.00 price target on shares of Hyatt Hotels in a report on Thursday, October 17th. Finally, StockNews.com raised shares of Hyatt Hotels from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $152.88.

Hyatt Hotels Price Performance

Shares of NYSE H opened at $157.57 on Wednesday. The firm has a 50-day simple moving average of $155.25 and a 200-day simple moving average of $150.57. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 11.87 and a beta of 1.50. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.73. Hyatt Hotels Co. has a 52 week low of $124.40 and a 52 week high of $168.20.

Hyatt Hotels (NYSE:H) last issued its earnings results on Thursday, October 31st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the prior year, the business earned $0.70 earnings per share. On average, equities analysts predict that Hyatt Hotels Co. will post 3.89 earnings per share for the current fiscal year.

Hyatt Hotels Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Friday, November 22nd. Hyatt Hotels’s dividend payout ratio (DPR) is 4.52%.

Hyatt Hotels Company 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.