Synovus Financial Corp Increases Stake in Hyatt Hotels Co. (NYSE:H)

Synovus Financial Corp lifted its position in Hyatt Hotels Co. (NYSE:H) by 15.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,492 shares of the company’s stock after purchasing an additional 467 shares during the period. Synovus Financial Corp’s holdings in Hyatt Hotels were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of H. Summit Securities Group LLC purchased a new stake in shares of Hyatt Hotels in the second quarter worth $30,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Hyatt Hotels in the third quarter worth $30,000. Blue Trust Inc. increased its stake in shares of Hyatt Hotels by 190.2% in the third quarter. Blue Trust Inc. now owns 325 shares of the company’s stock worth $49,000 after purchasing an additional 213 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Hyatt Hotels by 1,107.1% during the second quarter. EverSource Wealth Advisors LLC now owns 338 shares of the company’s stock valued at $50,000 after acquiring an additional 310 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in Hyatt Hotels during the third quarter valued at $51,000. 73.54% of the stock is owned by hedge funds and other institutional investors.

Hyatt Hotels Price Performance

Hyatt Hotels stock opened at $157.57 on Wednesday. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 11.87 and a beta of 1.50. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.79 and a quick ratio of 0.79. Hyatt Hotels Co. has a 1 year low of $124.40 and a 1 year high of $168.20. The firm has a 50-day moving average of $155.25 and a two-hundred day moving average of $150.57.

Hyatt Hotels (NYSE:H) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.04. The company had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Hyatt Hotels had a net margin of 20.55% and a return on equity of 10.74%. During the same period in the previous year, the company earned $0.70 EPS. On average, research analysts forecast that Hyatt Hotels Co. will post 3.89 earnings per share for the current year.

Hyatt Hotels Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a $0.15 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.60 annualized dividend and a dividend yield of 0.38%. Hyatt Hotels’s dividend payout ratio is currently 4.52%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Robert W. Baird raised their target price on shares of Hyatt Hotels from $157.00 to $158.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Hyatt Hotels from $120.00 to $127.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Hsbc Global Res raised shares of Hyatt Hotels to a “hold” rating in a research note on Friday, November 1st. HSBC cut shares of Hyatt Hotels from a “buy” rating to a “hold” rating and set a $156.00 target price for the company. in a research note on Friday, November 1st. Finally, Barclays raised their target price on shares of Hyatt Hotels from $144.00 to $161.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $152.88.

Insider Activity

In related news, insider Mark R. Vondrasek sold 3,776 shares of the business’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 owns 5,798 shares in the company, valued at $927,622.02. The trade was a 39.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 23.50% of the company’s stock.

Hyatt Hotels Company Profile

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.