Travel + Leisure Co. (NYSE:TNL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in Travel + Leisure Co. (NYSE:TNL - Free Report) by 34.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,290 shares of the company's stock after selling 27,843 shares during the quarter. Jane Street Group LLC owned about 0.08% of Travel + Leisure worth $2,688,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Travel + Leisure in the fourth quarter valued at about $45,804,000. Invesco Ltd. grew its stake in Travel + Leisure by 4.8% in the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock valued at $178,822,000 after purchasing an additional 163,804 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Travel + Leisure by 15.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 915,152 shares of the company's stock valued at $46,169,000 after purchasing an additional 122,173 shares during the period. Trexquant Investment LP boosted its stake in Travel + Leisure by 177.5% in the 4th quarter. Trexquant Investment LP now owns 167,888 shares of the company's stock worth $8,470,000 after purchasing an additional 107,389 shares during the period. Finally, Barclays PLC boosted its stake in Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock worth $10,383,000 after purchasing an additional 100,440 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Stock Performance

Shares of NYSE:TNL traded down $0.33 during trading hours on Monday, hitting $50.78. 235,410 shares of the company's stock traded hands, compared to its average volume of 637,806. The company's fifty day simple moving average is $45.35 and its two-hundred day simple moving average is $50.62. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 8.70, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its 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. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The business had revenue of $934.00 million for the quarter, compared to analyst estimates of $933.08 million. During the same quarter in the prior year, the firm earned $0.97 EPS. The firm's quarterly revenue was up 2.0% compared to the same quarter last year. On average, analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.56 dividend. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a dividend yield of 4.41%. The ex-dividend date was Monday, March 17th. Travel + Leisure's payout ratio is currently 37.40%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. 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 cut their target price on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Mizuho reissued a "neutral" rating and set a $64.00 price objective (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. Truist Financial upped their target price 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. Finally, Tigress Financial increased their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, March 6th. 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 stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $59.20.

Insider Buying and Selling

In other news, Director George Herrera sold 6,336 shares of the company's 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 directly owns 2,759 shares of the company's stock, valued at $129,121.20. This represents a 69.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Denny Marie Post sold 5,500 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $50.20, for a total transaction of $276,100.00. Following the completion of the transaction, the director now owns 4,477 shares in the company, valued at $224,745.40. This trade represents a 55.13% decrease in their position. The disclosure for this sale can be found here. 3.75% of the stock is owned by insiders.

Travel + Leisure Company Profile

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.