BNP Paribas Financial Markets Purchases 191,145 Shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH)

BNP Paribas Financial Markets lifted its position in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 986.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 210,525 shares of the company’s stock after purchasing an additional 191,145 shares during the period. BNP Paribas Financial Markets’ holdings in Wyndham Hotels & Resorts were worth $21,219,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in WH. Bessemer Group Inc. increased its position in shares of Wyndham Hotels & Resorts by 24,953.8% during the 4th quarter. Bessemer Group Inc. now owns 1,333,615 shares of the company’s stock valued at $134,414,000 after purchasing an additional 1,328,292 shares during the last quarter. Norges Bank purchased a new stake in Wyndham Hotels & Resorts during the fourth quarter worth about $104,774,000. JPMorgan Chase & Co. raised its position in Wyndham Hotels & Resorts by 404.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,213,027 shares of the company’s stock worth $122,261,000 after acquiring an additional 972,708 shares during the period. Freestone Grove Partners LP purchased a new position in Wyndham Hotels & Resorts in the fourth quarter valued at about $54,738,000. Finally, TimesSquare Capital Management LLC grew its position in shares of Wyndham Hotels & Resorts by 74.8% during the 4th quarter. TimesSquare Capital Management LLC now owns 497,742 shares of the company’s stock valued at $50,167,000 after acquiring an additional 213,052 shares during the period. 93.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Morgan Stanley dropped their price objective on Wyndham Hotels & Resorts from $102.00 to $94.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Redburn Atlantic raised Wyndham Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $115.00 price target on the stock in a research report on Monday, March 24th. Truist Financial decreased their price objective on Wyndham Hotels & Resorts from $122.00 to $119.00 and set a “buy” rating for the company in a report on Friday, March 21st. Susquehanna upped their price objective on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, February 25th. Finally, Robert W. Baird cut their target price on shares of Wyndham Hotels & Resorts from $107.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $108.48.

Wyndham Hotels & Resorts Trading Up 0.3 %

Shares of WH stock opened at $84.51 on Friday. The company has a market capitalization of $6.51 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07. The business’s fifty day moving average is $87.30 and its 200 day moving average is $96.25. The company has a debt-to-equity ratio of 3.72, a quick ratio of 1.00 and a current ratio of 1.00.

Wyndham Hotels & Resorts (NYSE:WH) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.04. The firm had revenue of $316.00 million during the quarter, compared to the consensus estimate of $320.10 million. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. On average, equities research analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.79 EPS for the current fiscal year.

Wyndham Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.64 annualized dividend and a dividend yield of 1.94%. This is a boost from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is 38.86%.

About Wyndham Hotels & Resorts

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.