Principal Financial Group Inc. Boosts Stake in Hyatt Hotels Co. (NYSE:H)

Principal Financial Group Inc. lifted its position in shares of Hyatt Hotels Co. (NYSE:H) by 2.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,337,380 shares of the company’s stock after buying an additional 51,208 shares during the quarter. Principal Financial Group Inc. owned approximately 2.21% of Hyatt Hotels worth $169,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in H. Norges Bank purchased a new position in shares of Hyatt Hotels during the 4th quarter valued at $38,187,000. Two Sigma Investments LP lifted its stake in Hyatt Hotels by 217.1% in the 4th quarter. Two Sigma Investments LP now owns 665,502 shares of the company’s stock worth $44,988,000 after purchasing an additional 455,610 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Hyatt Hotels by 74.8% in the 4th quarter. Two Sigma Advisers LP now owns 707,882 shares of the company’s stock worth $47,853,000 after purchasing an additional 303,000 shares in the last quarter. Barclays PLC lifted its stake in Hyatt Hotels by 165.0% in the 4th quarter. Barclays PLC now owns 225,821 shares of the company’s stock worth $15,265,000 after purchasing an additional 140,595 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Hyatt Hotels by 438.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 164,120 shares of the company’s stock worth $11,910,000 after purchasing an additional 133,623 shares in the last quarter. Institutional investors own 36.92% of the company’s stock.

Shares of NYSE H traded up $0.97 during mid-day trading on Friday, hitting $76.13. 419,926 shares of the company’s stock traded hands, compared to its average volume of 588,609. The business has a 50-day moving average of $74.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.18 and a quick ratio of 1.17. The company has a market capitalization of $7.75 billion, a P/E ratio of 38.45, a P/E/G ratio of 8.83 and a beta of 1.07. Hyatt Hotels Co. has a 1 year low of $63.45 and a 1 year high of $83.28.

Hyatt Hotels (NYSE:H) last announced its earnings results on Wednesday, May 1st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.24. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Hyatt Hotels had a net margin of 9.18% and a return on equity of 6.37%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. On average, equities analysts expect that Hyatt Hotels Co. will post 1.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Wednesday, May 29th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $0.76 annualized dividend and a yield of 1.00%. Hyatt Hotels’s payout ratio is 38.38%.

H has been the topic of several research analyst reports. Morgan Stanley set a $76.00 price target on shares of Hyatt Hotels and gave the stock a “hold” rating in a research note on Thursday, March 28th. ValuEngine upgraded shares of Hyatt Hotels from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. Zacks Investment Research cut shares of Hyatt Hotels from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. Finally, Wells Fargo & Co cut shares of Hyatt Hotels from an “outperform” rating to a “market perform” rating and set a $80.00 price target on the stock. in a research note on Wednesday, April 24th. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $79.25.

In other Hyatt Hotels news, Director Susan D. Kronick sold 1,934 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $77.67, for a total value of $150,213.78. Following the transaction, the director now directly owns 37,497 shares in the company, valued at approximately $2,912,391.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider H. Charles Floyd sold 5,000 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $76.48, for a total transaction of $382,400.00. Following the completion of the transaction, the insider now owns 52,975 shares in the company, valued at $4,051,528. The disclosure for this sale can be found here. Insiders have sold a total of 10,596 shares of company stock worth $818,250 over the last quarter. 24.70% of the stock is currently owned by insiders.

About Hyatt Hotels

Hyatt Hotels Corporation, a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties. It operates through four segments: Owned and Leased Hotels, Americas Management and Franchising, ASPAC Management and Franchising, and EAME/SW Asia Management and Franchising.

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Institutional Ownership by Quarter for Hyatt Hotels (NYSE:H)

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