76,306 Shares in Travel + Leisure Co. (NYSE:TNL) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Travel + Leisure Co. (NYSE:TNL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 76,306 shares of the company's stock, valued at approximately $3,850,000. Raymond James Financial Inc. owned about 0.11% of Travel + Leisure as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new position in Travel + Leisure in the fourth quarter valued at approximately $959,000. Invesco Ltd. grew its stake in shares of Travel + Leisure by 4.8% during the 4th quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock worth $178,822,000 after acquiring an additional 163,804 shares during the period. Ranmore Fund Management Ltd purchased a new stake in Travel + Leisure in the 4th quarter worth about $1,784,000. Cerity Partners LLC raised its stake in Travel + Leisure by 1.0% in the 4th quarter. Cerity Partners LLC now owns 19,549 shares of the company's stock valued at $986,000 after acquiring an additional 200 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in Travel + Leisure by 21.0% during the fourth quarter. Federated Hermes Inc. now owns 9,432 shares of the company's stock valued at $476,000 after purchasing an additional 1,637 shares during the last quarter. Institutional investors own 87.54% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on TNL. Mizuho reaffirmed a "neutral" rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Truist Financial boosted their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research note on Friday, March 7th. The Goldman Sachs Group cut their target price on Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Tigress Financial upped their price target on Travel + Leisure from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, March 6th. Finally, Bank of America upgraded shares of Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their price target for the company from $40.00 to $60.00 in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Travel + Leisure has a consensus rating of "Moderate Buy" and a consensus price target of $59.20.

Insiders Place Their Bets

In related news, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction on 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 owns 2,759 shares in the company, valued at $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael Dean Brown bought 2,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $46.66 per share, with a total value of $93,320.00. Following the completion of the transaction, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. This trade represents a 0.49 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 3.75% of the company's stock.

Travel + Leisure Trading Up 3.8 %

TNL stock traded up $1.71 during midday trading on Friday, hitting $46.65. The company had a trading volume of 169,686 shares, compared to its average volume of 627,607. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 8.00, a PEG ratio of 0.67 and a beta of 1.40. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95. The stock's 50 day moving average price is $46.47 and its 200 day moving average price is $50.46.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.11 earnings per share for the quarter, beating 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 during the quarter, compared to analysts' expectations of $933.08 million. During the same quarter in the prior year, the company posted $0.97 EPS. The firm's revenue for the quarter was up 2.0% compared to the same quarter last year. Analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.56 per share. This is a positive change from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 4.80%. Travel + Leisure's dividend payout ratio is presently 37.40%.

Travel + Leisure 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.