Allspring Global Investments Holdings LLC Has $37.34 Million Stock Holdings in Hyatt Hotels Co. (NYSE:H)

Allspring Global Investments Holdings LLC lowered its position in shares of Hyatt Hotels Co. (NYSE:H) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,842 shares of the company’s stock after selling 11,389 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.25% of Hyatt Hotels worth $37,338,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Hyatt Hotels by 1.0% in the third quarter. Geode Capital Management LLC now owns 752,105 shares of the company’s stock valued at $114,214,000 after buying an additional 7,440 shares in the last quarter. TT International Asset Management LTD acquired a new stake in Hyatt Hotels in the 4th quarter valued at about $5,283,000. Assetmark Inc. raised its stake in shares of Hyatt Hotels by 162.2% in the third quarter. Assetmark Inc. now owns 49,041 shares of the company’s stock worth $7,464,000 after acquiring an additional 30,339 shares during the last quarter. Bamco Inc. NY lifted its position in shares of Hyatt Hotels by 1.3% during the third quarter. Bamco Inc. NY now owns 5,483,404 shares of the company’s stock worth $834,574,000 after purchasing an additional 68,608 shares in the last quarter. Finally, Icon Wealth Advisors LLC grew its stake in shares of Hyatt Hotels by 17,641.6% during the third quarter. Icon Wealth Advisors LLC now owns 131,465 shares of the company’s stock valued at $20,009,000 after purchasing an additional 130,724 shares during the last quarter. 73.54% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Mark R. Vondrasek sold 3,776 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 5,798 shares of the company’s stock, valued at $927,622.02. This trade represents a 39.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 23.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on H. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Hyatt Hotels from $120.00 to $127.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Hsbc Global Res raised Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. Bank of America lifted their price objective on Hyatt Hotels from $165.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Jefferies Financial Group upped their target price on shares of Hyatt Hotels from $150.00 to $176.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of Hyatt Hotels from $151.00 to $167.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $162.13.

Hyatt Hotels Trading Down 3.0 %

NYSE:H opened at $143.02 on Friday. The business’s 50-day simple moving average is $156.78 and its 200-day simple moving average is $152.40. Hyatt Hotels Co. has a fifty-two week low of $128.90 and a fifty-two week high of $168.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market capitalization of $13.74 billion, a PE ratio of 10.78 and a beta of 1.48.

Hyatt Hotels (NYSE:H) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.22). Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same quarter last year, the firm posted $0.64 earnings per share. Sell-side analysts expect that Hyatt Hotels Co. will post 3.81 earnings per share for the current fiscal year.

Hyatt Hotels Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Friday, February 28th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, February 28th. Hyatt Hotels’s dividend payout ratio is 4.52%.

About Hyatt Hotels

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.