Victory Capital Management Inc. Lowers Holdings in Travel + Leisure Co. (NYSE:TNL)

Victory Capital Management Inc. lessened its stake in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 12.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,285 shares of the company's stock after selling 25,795 shares during the period. Victory Capital Management Inc. owned approximately 0.26% of Travel + Leisure worth $9,095,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TNL. Jones Financial Companies Lllp purchased a new stake in Travel + Leisure during the 4th quarter worth approximately $25,000. Versant Capital Management Inc boosted its holdings in shares of Travel + Leisure by 49.2% in the 4th quarter. Versant Capital Management Inc now owns 637 shares of the company's stock valued at $32,000 after acquiring an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings 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 valued at $33,000 after acquiring an additional 503 shares during the last quarter. UMB Bank n.a. boosted its holdings 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 valued at $38,000 after acquiring an additional 204 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings 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 valued at $39,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 87.54% of the company's stock.

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Travel + Leisure Trading Up 3.0 %

NYSE:TNL traded up $1.42 during trading hours on Friday, reaching $48.04. 812,770 shares of the company were exchanged, compared to its average volume of 580,684. The stock's 50-day moving average is $53.74 and its 200-day moving average is $50.55. The firm has a market cap of $3.20 billion, a PE ratio of 8.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.61. Travel + Leisure Co. has a twelve month low of $39.91 and a twelve month high of $58.95.

Travel + Leisure (NYSE:TNL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.04. The company had revenue of $971.00 million during the quarter, compared to analysts' expectations 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 for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 earnings per share. As a group, research analysts anticipate that Travel + Leisure Co. will post 6.46 EPS for the current year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 4.66%. This is a boost from Travel + Leisure's previous quarterly dividend of $0.50. The ex-dividend date is Monday, March 17th. Travel + Leisure's dividend payout ratio is 38.36%.

Insider Activity

In other Travel + Leisure news, insider Michael Dean Brown bought 2,000 shares of Travel + Leisure stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the completion of the transaction, the insider now directly owns 408,706 shares of the company's stock, valued at approximately $19,070,221.96. This represents a 0.49 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.02% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on TNL. Truist Financial upped their price objective on shares of Travel + Leisure from $61.00 to $72.00 and gave the company a "buy" rating in a report on Friday, March 7th. Barclays upped their price objective on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an "underweight" rating in a report on Thursday, February 20th. Mizuho reaffirmed a "neutral" rating and issued a $64.00 price objective (up from $55.00) on shares of Travel + Leisure in a report on Thursday, February 20th. Morgan Stanley started coverage on shares of Travel + Leisure in a report on Monday, January 6th. They set an "overweight" rating and a $67.00 price target on the stock. Finally, Bank of America raised shares of Travel + Leisure from an "underperform" rating to a "buy" rating and increased their price target for the stock from $40.00 to $60.00 in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $63.70.

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.