Stifel Financial Corp Boosts Position in Travel + Leisure Co. (NYSE:TNL)

Stifel Financial Corp lifted its holdings in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 7.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 118,148 shares of the company's stock after acquiring an additional 8,559 shares during the period. Stifel Financial Corp owned approximately 0.17% of Travel + Leisure worth $5,961,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TNL. Invesco Ltd. increased its stake in Travel + Leisure by 4.8% during 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 in the last quarter. Copeland Capital Management LLC grew its holdings in shares of Travel + Leisure by 0.8% during the fourth quarter. Copeland Capital Management LLC now owns 1,565,581 shares of the company's stock valued at $78,984,000 after buying an additional 12,111 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Travel + Leisure by 15.4% in the 4th 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 period. Norges Bank purchased a new position in Travel + Leisure in the 4th quarter worth $45,804,000. Finally, Bank of New York Mellon Corp lifted its position in Travel + Leisure by 5.3% during the 4th quarter. Bank of New York Mellon Corp now owns 905,667 shares of the company's stock worth $45,691,000 after acquiring an additional 45,447 shares during the period. Institutional investors and hedge funds own 87.54% of the company's stock.

Travel + Leisure Price Performance

NYSE TNL traded up $2.32 during trading hours on Friday, reaching $47.26. The company's stock had a trading volume of 729,231 shares, compared to its average volume of 630,718. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 8.09, a P/E/G ratio of 0.67 and a beta of 1.40. The company's 50-day moving average is $46.30 and its two-hundred day moving average is $50.46. Travel + Leisure Co. has a 1-year low of $37.77 and a 1-year high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced 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 negative return on equity of 45.75% and a net margin of 10.63%. The business had revenue of $934.00 million during the quarter, compared to the consensus estimate of $933.08 million. During the same period in the prior year, the company posted $0.97 EPS. The business's quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 4.74%. The ex-dividend date was Monday, March 17th. This is an increase from Travel + Leisure's previous quarterly dividend of $0.50. Travel + Leisure's dividend payout ratio is 37.40%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TNL. Bank of America upgraded Travel + Leisure from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $40.00 to $60.00 in a research note on Monday, January 27th. Barclays decreased their price objective on shares of Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group cut their price objective on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Truist Financial boosted their target price on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a research report on Friday, March 7th. Finally, Mizuho reaffirmed a "neutral" rating and set a $64.00 price target (up from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Travel + Leisure presently has an average rating of "Moderate Buy" and an average price target of $59.20.

Insider Activity at Travel + Leisure

In related news, Director George Herrera sold 6,336 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $46.80, for a total transaction of $296,524.80. Following the transaction, the director now directly owns 2,759 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, insider Michael Dean Brown acquired 2,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $46.66 per share, with a total value of $93,320.00. Following the acquisition, the insider now owns 408,706 shares in the company, valued at $19,070,221.96. The trade was a 0.49 % increase in their position. The disclosure for this purchase can be found here. 3.75% of the stock is currently owned by corporate 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.