XTX Topco Ltd Acquires 7,272 Shares of Travel + Leisure Co. (NYSE:TNL)

XTX Topco Ltd lifted its holdings in shares of Travel + Leisure Co. (NYSE:TNL) by 67.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,095 shares of the company’s stock after purchasing an additional 7,272 shares during the period. XTX Topco Ltd’s holdings in Travel + Leisure were worth $814,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TNL. Norges Bank bought a new stake in shares of Travel + Leisure during the 4th quarter worth $34,967,000. Swedbank AB bought a new stake in Travel + Leisure in the 1st quarter valued at about $33,598,000. Vanguard Group Inc. raised its stake in Travel + Leisure by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 10,722,330 shares of the company’s stock valued at $419,136,000 after acquiring an additional 466,640 shares during the period. Acadian Asset Management LLC raised its stake in Travel + Leisure by 318.4% in the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock valued at $18,217,000 after acquiring an additional 308,391 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in Travel + Leisure by 1,025.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 196,627 shares of the company’s stock valued at $9,627,000 after acquiring an additional 179,149 shares during the period. 87.54% of the stock is currently owned by institutional investors.

Travel + Leisure Trading Up 0.7 %

Shares of NYSE TNL opened at $44.50 on Monday. Travel + Leisure Co. has a 12 month low of $32.10 and a 12 month high of $49.91. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 8.20, a PEG ratio of 0.57 and a beta of 1.62. The business has a 50-day moving average of $43.95 and a 200-day moving average of $44.69.

Travel + Leisure (NYSE:TNL) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13. Travel + Leisure had a negative return on equity of 46.63% and a net margin of 11.35%. The company had revenue of $985.00 million during the quarter, compared to analyst estimates of $987.20 million. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Travel + Leisure’s revenue was up 3.8% on a year-over-year basis. On average, analysts predict that Travel + Leisure Co. will post 5.67 earnings per share for the current year.

Travel + Leisure Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.49%. The ex-dividend date is Friday, September 13th. Travel + Leisure’s payout ratio is 36.83%.

Insider Transactions at Travel + Leisure

In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares of the company’s stock, valued at $269,832.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Travel + Leisure news, Director George Herrera sold 2,193 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $42.48, for a total value of $93,158.64. Following the completion of the sale, the director now owns 6,352 shares of the company’s stock, valued at $269,832.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Amandine Robin-Caplan sold 3,246 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the sale, the insider now directly owns 24,491 shares of the company’s stock, valued at approximately $1,024,703.44. The disclosure for this sale can be found here. 4.02% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on TNL. The Goldman Sachs Group began coverage on Travel + Leisure in a research note on Wednesday, September 18th. They issued a “neutral” rating and a $44.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on Travel + Leisure from $53.00 to $63.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Tigress Financial upped their price target on Travel + Leisure from $54.00 to $58.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Truist Financial decreased their price target on Travel + Leisure from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Travel + Leisure from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $55.22.

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.