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Jefferies Financial Group Inc. Acquires Shares of 5,661 Travel + Leisure Co. (NYSE:TNL)

Travel + Leisure logo with Consumer Discretionary background

Key Points

  • Jefferies Financial Group Inc. has made a new investment of approximately $262,000 in Travel + Leisure Co., acquiring 5,661 shares in the first quarter.
  • Recent insider trading includes the sale of 110,885 shares by insider Jeffrey Myers, representing a 43.75% decrease in his holdings.
  • Wall Street analysts have mixed views on Travel + Leisure, with a consensus rating of "Moderate Buy" and an average price target of $62.30 per share.
  • Need better tools to track Travel + Leisure? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Jefferies Financial Group Inc. purchased a new stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,661 shares of the company's stock, valued at approximately $262,000.

Several other institutional investors have also added to or reduced their stakes in TNL. LPL Financial LLC increased its stake in shares of Travel + Leisure by 1.2% in the 4th quarter. LPL Financial LLC now owns 37,983 shares of the company's stock worth $1,916,000 after acquiring an additional 468 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Travel + Leisure by 77.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 8,197 shares of the company's stock worth $414,000 after acquiring an additional 3,570 shares during the period. Wells Fargo & Company MN raised its stake in Travel + Leisure by 18.1% during the 4th quarter. Wells Fargo & Company MN now owns 68,228 shares of the company's stock worth $3,442,000 after acquiring an additional 10,437 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Travel + Leisure by 4.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company's stock valued at $10,130,000 after buying an additional 8,374 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Travel + Leisure by 21.0% in the fourth quarter. Federated Hermes Inc. now owns 9,432 shares of the company's stock worth $476,000 after purchasing an additional 1,637 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays upped their price target on shares of Travel + Leisure from $39.00 to $54.00 and gave the stock an "underweight" rating in a report on Thursday, July 24th. Mizuho upgraded Travel + Leisure from a "neutral" rating to an "outperform" rating and increased their target price for the company from $63.00 to $72.00 in a research report on Thursday, July 24th. JMP Securities lifted their price target on Travel + Leisure from $60.00 to $70.00 and gave the stock a "market outperform" rating in a report on Thursday, July 24th. The Goldman Sachs Group dropped their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Finally, Wall Street Zen raised shares of Travel + Leisure from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $62.30.

Read Our Latest Analysis on TNL

Travel + Leisure Price Performance

Shares of TNL traded down $0.85 during trading hours on Monday, hitting $58.03. The stock had a trading volume of 747,100 shares, compared to its average volume of 702,501. The firm has a market capitalization of $3.77 billion, a P/E ratio of 10.01, a price-to-earnings-growth ratio of 0.57 and a beta of 1.43. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $63.31. The firm has a 50 day simple moving average of $54.75 and a 200-day simple moving average of $51.11.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). Travel + Leisure had a net margin of 10.14% and a negative return on equity of 47.47%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $1.52 EPS. The company's revenue was up 3.4% compared to the same quarter last year. Equities analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, June 13th. Travel + Leisure's payout ratio is 38.62%.

Insiders Place Their Bets

In related news, insider Kimberly Marshall sold 16,500 shares of Travel + Leisure stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $60.00, for a total transaction of $990,000.00. Following the transaction, the insider owned 56,736 shares in the company, valued at approximately $3,404,160. The trade was a 22.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas Michael Duncan sold 8,201 shares of the business's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $62.24, for a total transaction of $510,430.24. Following the completion of the sale, the chief accounting officer owned 20,000 shares in the company, valued at approximately $1,244,800. This trade represents a 29.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 317,974 shares of company stock worth $19,632,818 in the last 90 days. Insiders own 3.75% of the company's stock.

Travel + Leisure Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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