Principal Financial Group Inc. Has $19.85 Million Holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Principal Financial Group Inc. trimmed its holdings in Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 14.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 268,239 shares of the company’s stock after selling 44,090 shares during the quarter. Principal Financial Group Inc. owned 0.34% of Wyndham Hotels & Resorts worth $19,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of WH. International Assets Investment Management LLC grew its position in Wyndham Hotels & Resorts by 7,941.0% during the fourth quarter. International Assets Investment Management LLC now owns 15,680 shares of the company’s stock worth $1,261,000 after buying an additional 15,485 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Wyndham Hotels & Resorts by 17.6% during the fourth quarter. Victory Capital Management Inc. now owns 18,188 shares of the company’s stock valued at $1,462,000 after purchasing an additional 2,716 shares during the period. New York Life Investment Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 6.7% in the fourth quarter. New York Life Investment Management LLC now owns 9,569 shares of the company’s stock valued at $769,000 after purchasing an additional 598 shares in the last quarter. Natixis Advisors L.P. bought a new position in Wyndham Hotels & Resorts in the fourth quarter worth $809,000. Finally, Private Advisor Group LLC boosted its stake in Wyndham Hotels & Resorts by 7.4% during the fourth quarter. Private Advisor Group LLC now owns 3,644 shares of the company’s stock worth $293,000 after buying an additional 251 shares in the last quarter. Institutional investors and hedge funds own 93.46% of the company’s stock.

Wall Street Analyst Weigh In

WH has been the topic of a number of analyst reports. Stifel Nicolaus lowered their target price on shares of Wyndham Hotels & Resorts from $91.50 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, July 25th. Truist Financial lowered their target price on Wyndham Hotels & Resorts from $105.00 to $104.00 and set a “buy” rating for the company in a research note on Friday, July 26th. StockNews.com raised Wyndham Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, August 22nd. Susquehanna initiated coverage on shares of Wyndham Hotels & Resorts in a research report on Friday, June 21st. They set a “neutral” rating and a $80.00 target price on the stock. Finally, Barclays upped their price target on Wyndham Hotels & Resorts from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.43.

Wyndham Hotels & Resorts Price Performance

Wyndham Hotels & Resorts stock opened at $77.98 on Wednesday. The firm has a market capitalization of $6.16 billion, a P/E ratio of 27.65, a PEG ratio of 2.73 and a beta of 1.33. The business has a 50-day moving average of $74.81 and a 200-day moving average of $74.09. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.83. Wyndham Hotels & Resorts, Inc. has a 1 year low of $65.63 and a 1 year high of $81.73.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.10. Wyndham Hotels & Resorts had a net margin of 18.28% and a return on equity of 47.05%. The company had revenue of $367.00 million for the quarter, compared to analysts’ expectations of $370.58 million. During the same period last year, the firm posted $0.93 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. On average, equities analysts anticipate that Wyndham Hotels & Resorts, Inc. will post 4.27 EPS for the current year.

Wyndham Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a $0.38 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 1.95%. Wyndham Hotels & Resorts’s dividend payout ratio (DPR) is currently 53.90%.

Insider Transactions at Wyndham Hotels & Resorts

In related news, CAO Nicola Rossi sold 7,297 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $76.70, for a total transaction of $559,679.90. Following the completion of the sale, the chief accounting officer now directly owns 4,107 shares of the company’s stock, valued at approximately $315,006.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.79% of the stock is currently owned by insiders.

Wyndham Hotels & Resorts Company Profile

Wyndham Hotels & Resorts, Inc operates as a hotel franchisor in the United States and internationally. It operates through Hotel Franchising and Hotel Management segments. The Hotel Franchising segment licenses its lodging brands and provides related services to third-party hotel owners and others.