Legal & General Group Plc Raises Position in Wyndham Worldwide Corp. (WYN)

Legal & General Group Plc boosted its position in shares of Wyndham Worldwide Corp. (NYSE:WYN) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 514,069 shares of the company’s stock after buying an additional 1,386 shares during the period. Legal & General Group Plc owned about 0.46% of Wyndham Worldwide Corp. worth $39,289,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of WYN. IFP Advisors Inc raised its stake in shares of Wyndham Worldwide Corp. by 0.3% in the first quarter. IFP Advisors Inc now owns 1,370 shares of the company’s stock worth $105,000 after buying an additional 4 shares during the period. Acadian Asset Management LLC bought a new stake in Wyndham Worldwide Corp. during the first quarter worth about $270,000. Acrospire Investment Management LLC bought a new stake in Wyndham Worldwide Corp. during the first quarter worth about $275,000. NN Investment Partners Holdings N.V. bought a new stake in Wyndham Worldwide Corp. during the first quarter worth about $346,000. Finally, Commonwealth Equity Services Inc increased its stake in Wyndham Worldwide Corp. by 28.9% in the first quarter. Commonwealth Equity Services Inc now owns 4,717 shares of the company’s stock worth $361,000 after buying an additional 1,058 shares in the last quarter.

Wyndham Worldwide Corp. (NYSE:WYN) traded up 1.13% during trading on Thursday, hitting $71.44. The stock had a trading volume of 1,481,331 shares. The firm has a market capitalization of $8.00 billion and a PE ratio of 14.28. The firm has a 50 day moving average price of $71.61 and a 200-day moving average price of $71.06. Wyndham Worldwide Corp. has a 1-year low of $60.59 and a 1-year high of $83.32.

Wyndham Worldwide Corp. (NYSE:WYN) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.03. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.44 billion. Wyndham Worldwide Corp.’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $1.32 EPS. On average, equities research analysts expect that Wyndham Worldwide Corp. will post $5.69 EPS for the current year.

A number of analysts recently issued reports on the company. Deutsche Bank AG reaffirmed a “hold” rating on shares of Wyndham Worldwide Corp. in a research report on Sunday, June 26th. Telsey Advisory Group lifted their target price on Wyndham Worldwide Corp. from $93.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, April 27th. MKM Partners lifted their target price on Wyndham Worldwide Corp. from $88.00 to $89.00 and gave the company a “buy” rating in a research report on Wednesday, April 27th. Zacks Investment Research downgraded Wyndham Worldwide Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Finally, Wolfe Research assumed coverage on Wyndham Worldwide Corp. in a research report on Wednesday, July 6th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $82.89.

In other news, Director George Herrera sold 456 shares of the stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $67.48, for a total transaction of $30,770.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world.