Corebridge Financial Inc. Decreases Position in Wyndham Hotels & Resorts, Inc. (NYSE:WH)

Corebridge Financial Inc. reduced its stake in shares of Wyndham Hotels & Resorts, Inc. (NYSE:WH) by 5.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 88,082 shares of the company’s stock after selling 5,379 shares during the period. Corebridge Financial Inc.’s holdings in Wyndham Hotels & Resorts were worth $8,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its stake in shares of Wyndham Hotels & Resorts by 46.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 343 shares of the company’s stock valued at $35,000 after purchasing an additional 108 shares during the period. Principal Securities Inc. increased its stake in Wyndham Hotels & Resorts by 1.0% during the 4th quarter. Principal Securities Inc. now owns 10,941 shares of the company’s stock worth $1,103,000 after buying an additional 113 shares during the period. Equitable Trust Co. lifted its holdings in Wyndham Hotels & Resorts by 1.5% in the 4th quarter. Equitable Trust Co. now owns 9,295 shares of the company’s stock worth $937,000 after buying an additional 135 shares in the last quarter. M&T Bank Corp boosted its position in Wyndham Hotels & Resorts by 4.2% in the 3rd quarter. M&T Bank Corp now owns 3,415 shares of the company’s stock valued at $267,000 after buying an additional 138 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Wyndham Hotels & Resorts by 72.7% during the fourth quarter. UMB Bank n.a. now owns 399 shares of the company’s stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. 93.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley increased their price target on Wyndham Hotels & Resorts from $107.00 to $113.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Susquehanna raised their price target on shares of Wyndham Hotels & Resorts from $80.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Jefferies Financial Group upped their price target on shares of Wyndham Hotels & Resorts from $107.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Barclays increased their price objective on shares of Wyndham Hotels & Resorts from $116.00 to $121.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company boosted their target price on shares of Wyndham Hotels & Resorts from $114.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.08.

Wyndham Hotels & Resorts Stock Performance

Shares of NYSE WH opened at $92.17 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 3.72. The firm’s 50-day moving average price is $102.17 and its two-hundred day moving average price is $95.26. Wyndham Hotels & Resorts, Inc. has a 52-week low of $67.67 and a 52-week high of $113.07. The stock has a market capitalization of $7.17 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.87 and a beta of 1.28.

Wyndham Hotels & Resorts (NYSE:WH) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.04. Wyndham Hotels & Resorts had a return on equity of 54.86% and a net margin of 20.51%. As a group, sell-side analysts forecast that Wyndham Hotels & Resorts, Inc. will post 4.79 earnings per share for the current year.

Wyndham Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.41 per share. This is an increase from Wyndham Hotels & Resorts’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.64 annualized dividend and a dividend yield of 1.78%. Wyndham Hotels & Resorts’s payout ratio is 45.18%.

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.