Schroder Investment Management Group Sells 9,229 Shares of Travel + Leisure Co. (NYSE:TNL)

Schroder Investment Management Group decreased its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 6.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 138,771 shares of the company's stock after selling 9,229 shares during the period. Schroder Investment Management Group owned about 0.20% of Travel + Leisure worth $6,944,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TNL. Jones Financial Companies Lllp purchased a new stake in Travel + Leisure in the fourth quarter worth $25,000. Versant Capital Management Inc boosted its holdings in shares of Travel + Leisure by 49.2% during the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after buying an additional 210 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Travel + Leisure by 314.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 663 shares of the company's stock worth $33,000 after buying an additional 503 shares during the period. UMB Bank n.a. increased its stake in shares of Travel + Leisure by 36.9% in the 4th quarter. UMB Bank n.a. now owns 757 shares of the company's stock worth $38,000 after acquiring an additional 204 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Travel + Leisure by 30.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 772 shares of the company's stock worth $39,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 87.54% of the company's stock.

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Insiders Place Their Bets

In other Travel + Leisure news, Director George Herrera sold 6,336 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were 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 directly owns 2,759 shares of the company's stock, valued at approximately $129,121.20. This represents a 69.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Dean Brown purchased 2,000 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now directly 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 disclosure for this purchase can be found here. Insiders own 4.02% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TNL shares. Morgan Stanley initiated coverage on shares of Travel + Leisure in a report on Monday, January 6th. They issued an "overweight" rating and a $67.00 price objective on the stock. The Goldman Sachs Group upped their price target on Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. raised their price objective on Travel + Leisure from $56.00 to $63.00 and gave the company an "overweight" rating in a research report on Friday, December 13th. Bank of America raised Travel + Leisure from an "underperform" rating to a "buy" rating and boosted their target price for the stock from $40.00 to $60.00 in a report on Monday, January 27th. Finally, Barclays raised their price target on Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $63.70.

Travel + Leisure Stock Performance

Shares of TNL stock traded down $1.88 during trading hours on Friday, reaching $40.96. The company had a trading volume of 1,437,568 shares, compared to its average volume of 612,173. The business has a fifty day moving average price of $52.17 and a 200-day moving average price of $51.08. Travel + Leisure Co. has a one year low of $39.80 and a one year high of $58.95. The firm has a market cap of $2.73 billion, a PE ratio of 7.01, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. The business had revenue of $971.00 million during the quarter, compared to the consensus estimate of $958.87 million. Travel + Leisure had a net margin of 10.63% and a negative return on equity of 45.75%. The firm's revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.98 EPS. Equities research analysts forecast that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The company also recently announced 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 an increase from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 5.47%. Travel + Leisure's dividend payout ratio is currently 38.36%.

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.