XTX Topco Ltd Boosts Stake in Travel + Leisure Co. (NYSE:TNL)

XTX Topco Ltd raised its position in Travel + Leisure Co. (NYSE:TNL) by 69.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,680 shares of the company’s stock after purchasing an additional 12,585 shares during the quarter. XTX Topco Ltd’s holdings in Travel + Leisure were worth $1,414,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in shares of Travel + Leisure by 2.5% in the 2nd quarter. QRG Capital Management Inc. now owns 18,005 shares of the company’s stock valued at $810,000 after buying an additional 432 shares during the period. UMB Bank n.a. increased its stake in Travel + Leisure by 1,948.1% during the third quarter. UMB Bank n.a. now owns 553 shares of the company’s stock worth $25,000 after purchasing an additional 526 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Travel + Leisure by 2,759.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company’s stock worth $28,000 after purchasing an additional 607 shares in the last quarter. Atria Investments Inc boosted its stake in shares of Travel + Leisure by 14.4% in the third quarter. Atria Investments Inc now owns 5,345 shares of the company’s stock valued at $246,000 after purchasing an additional 672 shares during the period. Finally, Family Firm Inc. acquired a new position in shares of Travel + Leisure in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

Shares of TNL opened at $55.30 on Monday. Travel + Leisure Co. has a 1-year low of $36.77 and a 1-year high of $56.91. The stock has a market cap of $3.78 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.80 and a beta of 1.63. The firm has a fifty day moving average price of $50.37 and a 200 day moving average price of $46.32.

Travel + Leisure (NYSE:TNL) last announced its earnings results on Wednesday, October 23rd. The company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.08. The firm had revenue of $993.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.54 EPS. As a group, equities analysts expect that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Travel + Leisure Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.62%. Travel + Leisure’s dividend payout ratio (DPR) is presently 33.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TNL shares. Stifel Nicolaus raised their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. The Goldman Sachs Group boosted their target price on Travel + Leisure from $44.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, October 24th. Barclays increased their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 24th. Tigress Financial lifted their price objective on shares of Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Truist Financial increased their target price on Travel + Leisure from $60.00 to $61.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $56.80.

Insider Activity

In other Travel + Leisure news, insider Geoffrey Richards sold 9,400 shares of Travel + Leisure stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $56.56, for a total value of $531,664.00. Following the transaction, the insider now directly owns 111,202 shares in the company, valued at approximately $6,289,585.12. This trade represents a 7.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Amandine Robin-Caplan sold 3,246 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $41.84, for a total value of $135,812.64. Following the completion of the transaction, the insider now directly owns 24,491 shares in the company, valued at approximately $1,024,703.44. The trade was a 11.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,455 shares of company stock valued at $5,075,834 in the last ninety days. 4.02% of the stock is currently owned by company insiders.

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.