165,277 Shares in Travel + Leisure Co. $TNL Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Travel + Leisure Co. (NYSE:TNL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 165,277 shares of the company’s stock, valued at approximately $11,657,000. SG Americas Securities LLC owned 0.26% of Travel + Leisure as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Danske Bank A S acquired a new stake in shares of Travel + Leisure in the third quarter worth $30,000. CNB Bank purchased a new stake in Travel + Leisure during the 3rd quarter worth $32,000. Geneos Wealth Management Inc. boosted its position in Travel + Leisure by 293.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 959 shares of the company’s stock worth $44,000 after purchasing an additional 715 shares during the period. CENTRAL TRUST Co increased its holdings in Travel + Leisure by 181.5% in the 3rd quarter. CENTRAL TRUST Co now owns 791 shares of the company’s stock valued at $47,000 after purchasing an additional 510 shares in the last quarter. Finally, SJS Investment Consulting Inc. increased its holdings in Travel + Leisure by 13,383.3% in the 3rd quarter. SJS Investment Consulting Inc. now owns 809 shares of the company’s stock valued at $48,000 after purchasing an additional 803 shares in the last quarter. 87.54% of the stock is owned by institutional investors and hedge funds.

Travel + Leisure Stock Performance

Shares of TNL opened at $67.70 on Friday. Travel + Leisure Co. has a one year low of $37.77 and a one year high of $81.00. The stock has a 50-day moving average price of $71.89 and a 200 day moving average price of $68.02. The company has a market capitalization of $4.22 billion, a P/E ratio of 19.85, a P/E/G ratio of 0.51 and a beta of 1.32.

Travel + Leisure (NYSE:TNL) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.83 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.83. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1 billion. Travel + Leisure had a negative return on equity of 47.77% and a net margin of 5.74%.Travel + Leisure’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 EPS. As a group, equities research analysts forecast that Travel + Leisure Co. will post 6.46 earnings per share for the current fiscal year.

Travel + Leisure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be paid a dividend of $0.60 per share. This is a positive change from Travel + Leisure’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, March 20th. This represents a $2.40 dividend on an annualized basis and a yield of 3.5%. Travel + Leisure’s payout ratio is currently 70.38%.

Insider Buying and Selling at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown sold 66,860 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $74.03, for a total transaction of $4,949,645.80. Following the completion of the transaction, the insider directly owned 427,821 shares of the company’s stock, valued at $31,671,588.63. This trade represents a 13.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Amandine Robin-Caplan sold 3,904 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $74.61, for a total transaction of $291,277.44. The disclosure for this sale is available in the SEC filing. Insiders have sold 99,664 shares of company stock worth $7,390,847 in the last ninety days. 3.75% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on TNL. Stifel Nicolaus set a $89.00 target price on Travel + Leisure in a report on Wednesday, February 18th. Citigroup restated an “outperform” rating on shares of Travel + Leisure in a report on Thursday, February 19th. Citizens Jmp lifted their price objective on shares of Travel + Leisure from $80.00 to $90.00 and gave the company a “market outperform” rating in a research note on Thursday, February 19th. Morgan Stanley boosted their target price on shares of Travel + Leisure from $68.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Finally, The Goldman Sachs Group upped their target price on shares of Travel + Leisure from $71.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.90.

Travel + Leisure Profile

Travel + Leisure Co (NYSE: TNL) is a leisure travel company headquartered in Orlando, Florida, that specializes in vacation ownership, membership programs and branded travel experiences. The company operates an extensive portfolio of vacation clubs and destination services, offering members access to resorts, hotels, cruises and guided tours in markets around the world. Through its flagship membership brands, Travel + Leisure Co provides curated vacation packages, exchange services and unique travel itineraries that cater to both individual and family travelers.

In addition to its membership offerings, Travel + Leisure Co manages a network of resort properties and hospitality assets across North America, the Caribbean, Europe and Asia-Pacific.