ING Groep NV Invests $284,000 in Wyndham Worldwide Corp. (WYN)
ING Groep NV bought a new position in shares of Wyndham Worldwide Corp. (NYSE:WYN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,993 shares of the company’s stock, valued at approximately $284,000.
Several other hedge funds have also made changes to their positions in WYN. Bank of Montreal Can acquired a new stake in shares of Wyndham Worldwide Corp. during the second quarter worth $119,968,000. PGGM Investments raised its stake in shares of Wyndham Worldwide Corp. by 543.2% in the second quarter. PGGM Investments now owns 509,375 shares of the company’s stock worth $36,283,000 after buying an additional 430,180 shares during the period. Check Capital Management Inc. CA acquired a new stake in shares of Wyndham Worldwide Corp. during the second quarter worth $14,991,000. Nordea Investment Management AB raised its stake in shares of Wyndham Worldwide Corp. by 19.4% in the second quarter. Nordea Investment Management AB now owns 1,180,734 shares of the company’s stock worth $84,104,000 after buying an additional 191,885 shares during the period. Finally, Credit Agricole S A raised its stake in shares of Wyndham Worldwide Corp. by 237.3% in the first quarter. Credit Agricole S A now owns 207,906 shares of the company’s stock worth $15,890,000 after buying an additional 146,259 shares during the period. Institutional investors own 97.76% of the company’s stock.
Wyndham Worldwide Corp. (NYSE:WYN) traded down 0.64% during trading on Thursday, hitting $67.20. The stock had a trading volume of 2,082,547 shares. The stock has a 50 day moving average of $68.49 and a 200 day moving average of $70.75. The firm has a market capitalization of $7.38 billion, a P/E ratio of 13.29 and a beta of 1.26. Wyndham Worldwide Corp. has a one year low of $60.59 and a one year high of $82.99.
Wyndham Worldwide Corp. (NYSE:WYN) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Wyndham Worldwide Corp. had a return on equity of 67.58% and a net margin of 10.43%. The company earned $1.40 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the previous year, the firm earned $1.32 EPS. Wyndham Worldwide Corp.’s revenue was up .4% on a year-over-year basis. Equities research analysts expect that Wyndham Worldwide Corp. will post $5.73 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the company. Goldman Sachs Group Inc. assumed coverage on Wyndham Worldwide Corp. in a report on Monday, September 26th. They issued a “neutral” rating and a $72.00 price target on the stock. Zacks Investment Research upgraded Wyndham Worldwide Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Wolfe Research assumed coverage on Wyndham Worldwide Corp. in a report on Wednesday, July 6th. They issued an “outperform” rating on the stock. Telsey Advisory Group decreased their price target on Wyndham Worldwide Corp. from $95.00 to $94.00 and set an “outperform” rating on the stock in a report on Thursday, July 28th. Finally, MKM Partners reiterated a “buy” rating on shares of Wyndham Worldwide Corp. in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $80.11.
In other Wyndham Worldwide Corp. news, Director George Herrera sold 463 shares of the company’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $71.71, for a total value of $33,201.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.03% of the company’s stock.
Wyndham Worldwide Corp. Company Profile
Wyndham Worldwide Corporation is a hospitality company. The Company offers a range of hospitality services and products through its global portfolio of brands. The Company operates through three segments: Hotel Group, Destination Network and Vacation Ownership. The Hotel Group segment has approximately 7,800 hotels and over 678,000 hotel rooms around the world.
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