SG Americas Securities LLC Has $478,000 Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

SG Americas Securities LLC raised its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 356.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,334 shares of the company's stock after buying an additional 8,068 shares during the quarter. SG Americas Securities LLC's holdings in Travel + Leisure were worth $478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Travel + Leisure during the 4th quarter worth $45,804,000. Nuveen Asset Management LLC boosted its stake in Travel + Leisure by 25.1% in the fourth quarter. Nuveen Asset Management LLC now owns 897,903 shares of the company's stock valued at $45,299,000 after buying an additional 180,059 shares in the last quarter. Invesco Ltd. boosted its stake in Travel + Leisure by 4.8% in the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock valued at $178,822,000 after buying an additional 163,804 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Travel + Leisure in the fourth quarter valued at about $6,304,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in Travel + Leisure by 15.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock valued at $46,169,000 after buying an additional 122,173 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

Shares of TNL stock opened at $49.48 on Tuesday. The company has a market cap of $3.29 billion, a P/E ratio of 8.26, a PEG ratio of 0.47 and a beta of 1.37. Travel + Leisure Co. has a fifty-two week low of $37.77 and a fifty-two week high of $58.95. The stock has a 50 day simple moving average of $47.40 and a two-hundred day simple moving average of $49.76.

Travel + Leisure (NYSE:TNL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. The firm had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. Travel + Leisure had a negative return on equity of 46.83% and a net margin of 10.77%. The company's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.97 earnings per share. On average, research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.56 per share. The ex-dividend date is Friday, June 13th. This represents a $2.24 annualized dividend and a dividend yield of 4.53%. Travel + Leisure's dividend payout ratio is 37.40%.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, Director Denny Marie Post sold 5,500 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $50.20, for a total value of $276,100.00. Following the transaction, the director now owns 4,477 shares of the company's stock, valued at approximately $224,745.40. The trade was a 55.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TNL. Morgan Stanley reduced their price objective on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. The Goldman Sachs Group dropped their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Tigress Financial increased their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Barclays lowered their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research report on Thursday, April 24th. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Travel + Leisure currently has an average rating of "Moderate Buy" and a consensus price target of $59.20.

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.

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