Nomura Holdings Inc. Invests $458,000 in Travel + Leisure Co. (NYSE:TNL)

Nomura Holdings Inc. acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,077 shares of the company's stock, valued at approximately $458,000.

Several other large investors also recently modified their holdings of TNL. Jones Financial Companies Lllp acquired a new stake in Travel + Leisure in the fourth quarter worth $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in Travel + Leisure by 314.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after purchasing an additional 503 shares during the period. Natixis acquired a new stake in Travel + Leisure in the fourth quarter worth $37,000. UMB Bank n.a. grew its holdings in Travel + Leisure by 36.9% in the fourth quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after purchasing an additional 204 shares during the period. Finally, Smartleaf Asset Management LLC grew 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 worth $39,000 after purchasing an additional 181 shares during the period. 87.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Truist Financial raised their price target on shares of Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a report on Friday, March 7th. The Goldman Sachs Group reduced their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and raised their price target for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Tigress Financial raised their price target on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, March 6th. Finally, Mizuho reaffirmed a "neutral" rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.20.

Travel + Leisure Trading Up 2.5%

Shares of TNL traded up $1.19 during trading hours on Tuesday, reaching $48.96. 624,251 shares of the stock traded hands, compared to its average volume of 641,622. The stock has a fifty day simple moving average of $45.50 and a 200 day simple moving average of $50.51. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 0.67 and a beta of 1.41.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, beating analysts' consensus estimates 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 company 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 earnings per share. The firm's revenue was up 2.0% on a year-over-year basis. Analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Friday, June 13th. Travel + Leisure's payout ratio is currently 37.40%.

Insiders Place Their Bets

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