Legal & General Group Plc Sells 13,489 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Legal & General Group Plc trimmed its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,679 shares of the company’s stock after selling 13,489 shares during the period. Legal & General Group Plc owned about 0.16% of Wyndham Hotels & Resorts worth $12,466,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of WH. Stifel Financial Corp grew its stake in shares of Wyndham Hotels & Resorts by 91.9% during the third quarter. Stifel Financial Corp now owns 30,665 shares of the company’s stock valued at $2,396,000 after buying an additional 14,688 shares during the last quarter. M&T Bank Corp grew its position in Wyndham Hotels & Resorts by 4.2% during the 3rd quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock worth $267,000 after acquiring an additional 138 shares during the last quarter. Virtu Financial LLC purchased a new position in Wyndham Hotels & Resorts in the 3rd quarter worth approximately $214,000. Sanctuary Advisors LLC lifted its position in Wyndham Hotels & Resorts by 17.8% in the third quarter. Sanctuary Advisors LLC now owns 3,414 shares of the company’s stock valued at $267,000 after purchasing an additional 516 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Wyndham Hotels & Resorts by 59.0% during the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock valued at $114,000 after purchasing an additional 421 shares during the period. Institutional investors own 93.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WH shares. Truist Financial dropped their price target on shares of Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Robert W. Baird increased their target price on shares of Wyndham Hotels & Resorts from $108.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Redburn Atlantic upgraded Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Monday, March 24th. Stifel Nicolaus increased their price objective on Wyndham Hotels & Resorts from $113.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, The Goldman Sachs Group reduced their target price on Wyndham Hotels & Resorts from $124.00 to $108.00 and set a “buy” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Wyndham Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $114.67.

Wyndham Hotels & Resorts Stock Performance

Shares of WH stock opened at $81.65 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 3.72. The company’s fifty day moving average price is $95.64 and its 200-day moving average price is $95.82. The stock has a market cap of $6.33 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. Wyndham Hotels & Resorts, Inc. has a 12 month low of $67.67 and a 12 month high of $113.07.

Wyndham Hotels & Resorts (NYSE:WH) last released its earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. Wyndham Hotels & Resorts had a net margin of 20.51% and a return on equity of 54.86%. On average, equities analysts expect that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.41 dividend. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, March 17th. Wyndham Hotels & Resorts’s dividend payout ratio is currently 45.18%.

Wyndham Hotels & Resorts 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.