Travel + Leisure Co. (NYSE:TNL) Stock Position Lessened by Jane Street Group LLC

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

Several other hedge funds also recently added to or reduced their stakes in TNL. Norges Bank acquired a new position in shares of Travel + Leisure during the 4th quarter worth about $45,804,000. Invesco Ltd. raised its stake in Travel + Leisure by 4.8% during the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after purchasing an additional 163,804 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 acquiring an additional 122,173 shares during the last quarter. Trexquant Investment LP grew its holdings in shares of Travel + Leisure by 177.5% during 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 increased its position in shares of Travel + Leisure by 80.4% during the third quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after acquiring an additional 100,440 shares during the last quarter. 87.54% of the stock is owned by hedge funds and other institutional investors.

Travel + Leisure Stock Performance

NYSE TNL traded down $0.36 during mid-day trading on Tuesday, reaching $50.46. 51,303 shares of the stock were exchanged, compared to its average volume of 637,140. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95. The stock has a market capitalization of $3.35 billion, a PE ratio of 8.62, a PEG ratio of 0.67 and a beta of 1.41. The business's fifty day simple moving average is $45.39 and its 200 day simple moving average is $50.64.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 EPS 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 firm had revenue of $934.00 million during the quarter, compared to analyst estimates of $933.08 million. During the same quarter in the prior year, the business posted $0.97 earnings per share. Travel + Leisure's revenue for the quarter 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 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 given a $0.56 dividend. The ex-dividend date of this dividend was Monday, March 17th. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.44%. Travel + Leisure's dividend payout ratio (DPR) is 37.40%.

Analyst Upgrades and Downgrades

TNL has been the subject of a number of research analyst reports. Tigress Financial raised their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, March 6th. Morgan Stanley reduced their price objective 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. The Goldman Sachs Group decreased their price objective 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. Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their price target for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Finally, 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 research report on Friday, March 7th. 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $59.20.

Insider Buying and Selling

In other news, insider Michael Dean Brown acquired 2,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the acquisition, the insider now directly owns 408,706 shares in the company, valued at $19,070,221.96. This represents a 0.49% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Denny Marie Post sold 5,500 shares of the company's 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 sale, the director now directly owns 4,477 shares in the company, valued at approximately $224,745.40. This represents a 55.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by corporate insiders.

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.