SG Americas Securities LLC Grows Stock Holdings in Travel + Leisure Co. (NYSE:TNL)

SG Americas Securities LLC increased its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 356.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,334 shares of the company's stock after acquiring an additional 8,068 shares during the quarter. SG Americas Securities LLC's holdings in Travel + Leisure were worth $478,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp acquired a new stake in shares of Travel + Leisure during the fourth quarter valued at about $25,000. Natixis bought a new position in Travel + Leisure in the fourth quarter worth approximately $37,000. Smartleaf Asset Management LLC increased its stake in Travel + Leisure by 30.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock valued at $39,000 after purchasing an additional 181 shares in the last quarter. UMB Bank n.a. increased its position in shares of Travel + Leisure by 54.0% during the first quarter. UMB Bank n.a. now owns 1,166 shares of the company's stock worth $54,000 after acquiring an additional 409 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of Travel + Leisure by 333.3% in the fourth quarter. Canada Pension Plan Investment Board now owns 1,300 shares of the company's stock worth $66,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 87.54% of the company's stock.

Insider Activity

In other news, Director Denny Marie Post sold 5,500 shares of the 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 transaction, the director now owns 4,477 shares in the company, valued at $224,745.40. This represents a 55.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial boosted their target price on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research note on Friday, March 7th. Morgan Stanley cut their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. 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 research report on Thursday, March 6th. Barclays cut their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. One research 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 data from MarketBeat.com, Travel + Leisure currently has an average rating of "Moderate Buy" and an average price target of $59.20.

Travel + Leisure Stock Performance

Shares of NYSE TNL traded up $0.51 during mid-day trading on Friday, hitting $51.99. The stock had a trading volume of 1,168,823 shares, compared to its average volume of 684,169. The business has a 50 day moving average price of $47.96 and a two-hundred day moving average price of $49.75. Travel + Leisure Co. has a 1 year low of $37.77 and a 1 year high of $58.95. The firm has a market cap of $3.45 billion, a P/E ratio of 8.68, a price-to-earnings-growth ratio of 0.49 and a beta of 1.37.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings results 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 for 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 firm's quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 EPS. Equities research analysts predict that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.56 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.24 annualized dividend and a yield of 4.31%. Travel + Leisure's dividend payout ratio (DPR) is presently 37.40%.

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.