Hsbc Holdings PLC Has $773,000 Stock Position in Travel + Leisure Co. (NYSE:TNL)

Hsbc Holdings PLC lessened its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 59.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,297 shares of the company's stock after selling 22,346 shares during the period. Hsbc Holdings PLC's holdings in Travel + Leisure were worth $773,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its stake in Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company's stock valued at $10,383,000 after buying an additional 100,440 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Travel + Leisure in the fourth quarter valued at about $1,288,000. Atlas Capital Advisors Inc. increased its stake in shares of Travel + Leisure by 1,141.0% in the fourth quarter. Atlas Capital Advisors Inc. now owns 11,765 shares of the company's stock worth $594,000 after purchasing an additional 10,817 shares during the period. Amundi lifted its position in shares of Travel + Leisure by 22.8% during the 4th quarter. Amundi now owns 5,940 shares of the company's stock worth $302,000 after purchasing an additional 1,103 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Travel + Leisure by 4.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 200,787 shares of the company's stock valued at $10,130,000 after purchasing an additional 8,374 shares during the period. Institutional investors own 87.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Travel + Leisure from $62.00 to $44.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Barclays decreased their price objective on Travel + Leisure from $54.00 to $39.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Morgan Stanley cut their target price on Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Bank of America upgraded Travel + Leisure from an "underperform" rating to a "buy" rating and upped their price target for the company from $40.00 to $60.00 in a research report on Monday, January 27th. Finally, 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 note on Friday, March 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Travel + Leisure currently has a consensus rating of "Moderate Buy" and an average price target of $59.20.

Travel + Leisure Stock Performance

Shares of NYSE TNL traded up $0.35 during trading on Wednesday, reaching $46.87. The company had a trading volume of 554,842 shares, compared to its average volume of 632,018. Travel + Leisure Co. has a 52 week low of $37.77 and a 52 week high of $58.95. The business's 50 day moving average price is $45.75 and its 200-day moving average price is $50.46. The stock has a market cap of $3.11 billion, a PE ratio of 8.03, a PEG ratio of 0.67 and a beta of 1.41.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.01. The firm had revenue of $934.00 million for the quarter, compared to the consensus estimate of $933.08 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The business's revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. Equities analysts anticipate 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. Stockholders of record on Monday, March 17th were given a dividend of $0.56 per share. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. This represents a $2.24 annualized dividend and a dividend yield of 4.78%. Travel + Leisure's payout ratio is currently 37.40%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown bought 2,000 shares of the firm's stock in a transaction 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 purchase, the insider now owns 408,706 shares in the company, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George Herrera sold 6,336 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 approximately $129,121.20. The trade was a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company's stock.

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.