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

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

Other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its stake in Travel + Leisure by 4.8% in the fourth quarter. Invesco Ltd. now owns 3,544,548 shares of the company's stock valued at $178,822,000 after buying an additional 163,804 shares in the last quarter. Copeland Capital Management LLC raised 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 worth $78,984,000 after acquiring an additional 12,111 shares during the period. Charles Schwab Investment Management Inc. lifted its position in 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 in the last quarter. Norges Bank acquired a new position in Travel + Leisure in the 4th quarter worth $45,804,000. Finally, Bank of New York Mellon Corp increased its holdings 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 purchasing an additional 45,447 shares in the last quarter. Institutional investors own 87.54% of the company's stock.

Travel + Leisure Trading Down 0.6 %

NYSE:TNL traded down $0.29 on Friday, hitting $47.72. The company's stock had a trading volume of 500,494 shares, compared to its average volume of 634,498. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $58.95. The firm has a market capitalization of $3.17 billion, a P/E ratio of 8.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The stock has a fifty day moving average of $45.49 and a two-hundred day moving average of $50.51.

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

Travel + Leisure Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.56 dividend. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend was Monday, March 17th. Travel + Leisure's dividend payout ratio is currently 37.40%.

Insiders Place Their Bets

In other Travel + Leisure news, insider Michael Dean Brown purchased 2,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the purchase, the insider now owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. The trade was a 0.49 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George Herrera sold 6,336 shares of Travel + Leisure stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $46.80, for a total transaction of $296,524.80. Following the completion of the sale, the director now owns 2,759 shares of the company's stock, valued at $129,121.20. This trade represents a 69.66 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.75% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TNL shares. Truist Financial upped their price objective on Travel + Leisure from $61.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, March 7th. Morgan Stanley lowered their price objective on shares of Travel + Leisure from $61.00 to $52.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. Mizuho reaffirmed a "neutral" rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research report on Thursday, February 20th. 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 research note on Monday, April 14th. Finally, Tigress Financial increased their price objective on shares of Travel + Leisure from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, March 6th. One equities research 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 data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $59.20.

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.