SG Americas Securities LLC Takes $11.66 Million Position in Travel + Leisure Co. $TNL

SG Americas Securities LLC acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 165,277 shares of the company’s stock, valued at approximately $11,657,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in Travel + Leisure in the 2nd quarter worth about $50,934,000. AQR Capital Management LLC raised its holdings in shares of Travel + Leisure by 46.8% during the second quarter. AQR Capital Management LLC now owns 2,682,604 shares of the company’s stock valued at $138,449,000 after buying an additional 855,151 shares during the last quarter. Truist Financial Corp acquired a new position in shares of Travel + Leisure during the third quarter worth approximately $38,959,000. Jupiter Asset Management Ltd. boosted its position in shares of Travel + Leisure by 13,198.4% during the third quarter. Jupiter Asset Management Ltd. now owns 521,031 shares of the company’s stock worth $30,996,000 after buying an additional 517,113 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in Travel + Leisure by 231.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 691,599 shares of the company’s stock worth $41,143,000 after buying an additional 482,731 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Price Performance

TNL opened at $67.70 on Friday. The business has a 50 day moving average price of $71.89 and a two-hundred day moving average price of $68.02. The company has a market capitalization of $4.22 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 0.51 and a beta of 1.32. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $81.00.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.83. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period last year, the firm earned $1.72 EPS. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts expect that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, March 20th. This is an increase from Travel + Leisure’s previous quarterly dividend of $0.56. This represents a $2.40 dividend on an annualized basis and a yield of 3.5%. Travel + Leisure’s dividend payout ratio is presently 70.38%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TNL shares. Wells Fargo & Company raised their target price on Travel + Leisure from $81.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Barclays set a $78.00 price target on Travel + Leisure in a research note on Thursday, February 19th. Weiss Ratings lowered Travel + Leisure from a “buy (b)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $90.00 price objective on shares of Travel + Leisure in a research note on Friday, February 20th. Finally, Wall Street Zen lowered shares of Travel + Leisure from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.90.

Insiders Place Their Bets

In other Travel + Leisure news, insider Michael Dean Brown sold 25,938 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $74.85, for a total value of $1,941,459.30. Following the completion of the sale, the insider directly owned 427,821 shares of the company’s stock, valued at approximately $32,022,401.85. This represents a 5.72% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,904 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $74.61, for a total transaction of $291,277.44. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 99,664 shares of company stock worth $7,390,847. 3.75% of the stock is owned by corporate insiders.

Travel + Leisure Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.