Travel + Leisure Co. (NYSE:TNL) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 327,217 shares of the company's stock after purchasing an additional 5,764 shares during the period. Ameriprise Financial Inc. owned about 0.48% of Travel + Leisure worth $16,508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of TNL. Invesco Ltd. increased its stake in Travel + Leisure by 4.8% during the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after buying an additional 163,804 shares in the last quarter. Copeland Capital Management LLC boosted its stake in shares of Travel + Leisure by 0.8% in the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock worth $78,984,000 after acquiring an additional 12,111 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Travel + Leisure by 4.3% in the fourth quarter. AQR Capital Management LLC now owns 1,424,035 shares of the company's stock worth $71,358,000 after acquiring an additional 58,944 shares during the last quarter. Northern Trust Corp increased its position in shares of Travel + Leisure by 9.6% during the fourth quarter. Northern Trust Corp now owns 1,036,703 shares of the company's stock worth $52,302,000 after purchasing an additional 90,553 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Travel + Leisure by 15.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock valued at $46,169,000 after purchasing an additional 122,173 shares during the last quarter. Institutional investors and hedge funds own 87.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and lifted their target price for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Mizuho restated a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Barclays lowered their target price on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group cut their price target on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Tigress Financial lifted their price objective on Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Travel + Leisure Stock Performance

Shares of NYSE TNL traded down $0.26 during midday trading on Thursday, reaching $47.89. 59,734 shares of the stock were exchanged, compared to its average volume of 637,722. The stock has a market capitalization of $3.18 billion, a P/E ratio of 8.20, a PEG ratio of 0.67 and a beta of 1.41. The company has a 50 day simple moving average of $45.45 and a 200 day simple moving average of $50.61. Travel + Leisure Co. has a twelve month low of $37.77 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.01. The company had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.97 earnings per share. On average, research analysts expect that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Monday, March 17th. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.68%. Travel + Leisure's dividend payout ratio is currently 37.40%.

Insider Buying and Selling

In other news, Director George Herrera sold 6,336 shares of the firm's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the transaction, the director now directly owns 2,759 shares in the company, valued at $129,121.20. This trade represents a 69.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Dean Brown acquired 2,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the purchase, the insider now directly owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. This represents a 0.49% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 3.75% of the company's stock.

Travel + Leisure Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.