Russell Investments Group Ltd. Purchases 67,214 Shares of Travel + Leisure Co. (NYSE:TNL)

Russell Investments Group Ltd. boosted its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 32.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 271,816 shares of the company’s stock after purchasing an additional 67,214 shares during the period. Russell Investments Group Ltd. owned about 0.38% of Travel + Leisure worth $10,626,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of 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 buying an additional 447,938 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Travel + Leisure by 3.2% in the third quarter. Vanguard Group Inc. now owns 10,255,690 shares of the company’s stock worth $376,691,000 after acquiring an additional 322,624 shares during the last quarter. Hsbc Holdings PLC boosted its stake in shares of Travel + Leisure by 747.6% in the 3rd quarter. Hsbc Holdings PLC now owns 159,662 shares of the company’s stock valued at $5,864,000 after purchasing an additional 140,826 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in shares of Travel + Leisure during the 3rd quarter valued at approximately $2,661,000. Finally, Stifel Financial Corp increased its position in Travel + Leisure by 55.5% during the 3rd quarter. Stifel Financial Corp now owns 164,295 shares of the company’s stock worth $6,035,000 after purchasing an additional 58,629 shares in the last quarter. Institutional investors and hedge funds own 87.54% of the company’s stock.

Travel + Leisure Trading Up 0.4 %

Shares of TNL opened at $44.70 on Monday. The stock’s 50-day moving average price is $45.72 and its two-hundred day moving average price is $41.01. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.02. The company has a market capitalization of $3.19 billion, a PE ratio of 8.23, a PEG ratio of 2.51 and a beta of 1.63.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $916.00 million for the quarter, compared to analyst estimates of $904.54 million. Travel + Leisure had a negative return on equity of 44.34% and a net margin of 10.54%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.89 earnings per share. Equities research analysts predict that Travel + Leisure Co. will post 5.52 EPS for the current fiscal year.

Travel + Leisure Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, March 20th. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. Travel + Leisure’s dividend payout ratio is 36.83%.

Wall Street Analyst Weigh In

TNL has been the topic of a number of research reports. Mizuho started coverage on shares of Travel + Leisure in a research note on Tuesday, March 26th. They set a “neutral” rating and a $55.00 target price on the stock. JMP Securities assumed coverage on 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 Travel + Leisure from $44.00 to $48.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Finally, Truist Financial boosted their price target on Travel + Leisure from $59.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $54.83.

Insider Buying and Selling

In other Travel + Leisure news, insider James J. Savina sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total transaction of $677,700.00. Following the sale, the insider now owns 15,860 shares of the company’s stock, valued at $716,554.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Kimberly Marshall sold 4,953 shares of the stock in a transaction on Sunday, March 10th. The shares were sold at an average price of $45.24, for a total transaction of $224,073.72. Following the transaction, the insider now directly owns 54,657 shares of the company’s stock, valued at $2,472,682.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider James J. Savina sold 15,000 shares of Travel + Leisure stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $45.18, for a total transaction of $677,700.00. Following the completion of the sale, the insider now directly owns 15,860 shares of the company’s stock, valued at $716,554.80. The disclosure for this sale can be found here. Insiders sold 28,922 shares of company stock valued at $1,318,358 over the last quarter. Insiders own 4.02% of the company’s stock.

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.