Russell Investments Group Ltd. Increases Stake in Travel + Leisure Co. (NYSE:TNL)

Russell Investments Group Ltd. increased its stake in Travel + Leisure Co. (NYSE:TNL - Free Report) by 32.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 271,816 shares of the company's stock after buying an additional 67,214 shares during the period. Russell Investments Group Ltd. owned 0.38% of Travel + Leisure worth $10,626,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Travel + Leisure by 34.7% during the 3rd quarter. AQR Capital Management LLC now owns 1,737,814 shares of the company's stock worth $63,830,000 after acquiring an additional 447,938 shares in the last quarter. Vanguard Group Inc. increased its holdings in Travel + Leisure by 3.2% during the third quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company's stock valued at $376,691,000 after buying an additional 322,624 shares during the period. Hsbc Holdings PLC raised its stake in Travel + Leisure by 747.6% in the third quarter. Hsbc Holdings PLC now owns 159,662 shares of the company's stock worth $5,864,000 after buying an additional 140,826 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Travel + Leisure during the 3rd quarter valued at $2,661,000. Finally, Stifel Financial Corp increased its holdings in shares of Travel + Leisure by 55.5% in the 3rd quarter. Stifel Financial Corp now owns 164,295 shares of the company's stock valued at $6,035,000 after acquiring an additional 58,629 shares during the period. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Price Performance

Travel + Leisure stock traded up $0.76 during trading hours on Monday, hitting $45.46. 455,425 shares of the stock traded hands, compared to its average volume of 559,639. Travel + Leisure Co. has a 1 year low of $32.10 and a 1 year high of $49.02. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 8.37, a P/E/G ratio of 2.51 and a beta of 1.63. The firm's 50 day moving average price is $45.73 and its 200-day moving average price is $41.09.

Travel + Leisure (NYSE:TNL - Get Free Report) last issued its earnings results on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.12. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The firm had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. Travel + Leisure's revenue for the quarter was up 4.2% on a year-over-year basis. Research analysts forecast that Travel + Leisure Co. will post 5.52 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.40%. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Wednesday, March 20th. Travel + Leisure's dividend payout ratio is presently 36.83%.

Insiders Place Their Bets

In other news, Director George Herrera sold 2,969 shares of the company's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $45.33, for a total value of $134,584.77. Following the sale, the director now owns 2,193 shares in the company, valued at $99,408.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Travel + Leisure news, insider Kimberly Marshall sold 4,953 shares of the company's stock in a transaction dated Sunday, March 10th. The shares were sold at an average price of $45.24, for a total value of $224,073.72. Following the completion of the transaction, the insider now owns 54,657 shares in the company, valued at $2,472,682.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director George Herrera sold 2,969 shares of the firm's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $45.33, for a total value of $134,584.77. Following the sale, the director now owns 2,193 shares in the company, valued at $99,408.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,922 shares of company stock valued at $1,318,358. Company insiders own 4.02% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JMP Securities started coverage on shares of Travel + Leisure in a report on Tuesday, February 13th. They issued an "outperform" rating and a $50.00 target price for the company. Barclays increased their target price on shares of Travel + Leisure from $44.00 to $48.00 and gave the company an "equal weight" rating in a research report on Thursday, April 25th. Mizuho initiated coverage on shares of Travel + Leisure in a report on Tuesday, March 26th. They issued a "neutral" rating and a $55.00 price target on the stock. Finally, Truist Financial increased their price objective on Travel + Leisure from $59.00 to $65.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.83.

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.