Ameriprise Financial Inc. Increases Holdings in Travel + Leisure Co. (NYSE:TNL)

Ameriprise Financial Inc. increased its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 327,217 shares of the company's stock after purchasing an additional 5,764 shares during the period. Ameriprise Financial Inc. owned 0.48% of Travel + Leisure worth $16,508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in Travel + Leisure by 30.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after buying an additional 181 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Travel + Leisure by 1.0% during the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock worth $986,000 after acquiring an additional 200 shares during the period. UMB Bank n.a. boosted its holdings in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock valued at $38,000 after purchasing an additional 204 shares during the last quarter. Capital Analysts LLC grew its holdings in shares of Travel + Leisure by 16.8% during the 4th quarter. Capital Analysts LLC now owns 1,576 shares of the company's stock worth $80,000 after purchasing an additional 227 shares during the period. Finally, Hourglass Capital LLC raised its position in Travel + Leisure by 0.6% in the fourth quarter. Hourglass Capital LLC now owns 36,230 shares of the company's stock valued at $1,828,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 87.54% of the company's stock.

Travel + Leisure Price Performance

NYSE TNL traded down $1.21 on Wednesday, reaching $48.45. The stock had a trading volume of 410,111 shares, compared to its average volume of 637,702. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95. The company has a market cap of $3.22 billion, a P/E ratio of 8.29, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The firm has a fifty day moving average of $45.45 and a two-hundred day moving average of $50.63.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. During the same period last year, the firm earned $0.97 EPS. The business's quarterly revenue was up 2.0% compared to the same quarter last year. Research analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.56 per share. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio (DPR) is currently 37.40%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on TNL shares. Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $40.00 to $60.00 in a research report on Monday, January 27th. Tigress Financial boosted their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Truist Financial boosted their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, March 7th. The Goldman Sachs Group dropped their price objective on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Barclays decreased their price target on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $59.20.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown purchased 2,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the acquisition, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. The trade was a 0.49% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Denny Marie Post sold 5,500 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $50.20, for a total value of $276,100.00. Following the completion of the sale, the director now directly owns 4,477 shares of the company's stock, valued at $224,745.40. This trade represents a 55.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company's stock.

About Travel + Leisure

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.