Invesco Ltd. Has $178.82 Million Holdings in Travel + Leisure Co. (NYSE:TNL)

Invesco Ltd. lifted its position in shares of Travel + Leisure Co. (NYSE:TNL) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,544,548 shares of the company’s stock after purchasing an additional 163,804 shares during the quarter. Invesco Ltd. owned 5.18% of Travel + Leisure worth $178,822,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Captrust Financial Advisors acquired a new position in Travel + Leisure during the third quarter worth $224,000. Janus Henderson Group PLC raised its holdings in shares of Travel + Leisure by 18.8% in the 3rd quarter. Janus Henderson Group PLC now owns 34,730 shares of the company’s stock worth $1,600,000 after acquiring an additional 5,503 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Travel + Leisure by 8.8% in the 3rd quarter. Stifel Financial Corp now owns 109,589 shares of the company’s stock worth $5,050,000 after acquiring an additional 8,819 shares during the last quarter. Barclays PLC lifted its position in Travel + Leisure by 80.4% in the 3rd quarter. Barclays PLC now owns 225,326 shares of the company’s stock valued at $10,383,000 after acquiring an additional 100,440 shares in the last quarter. Finally, Sanctuary Advisors LLC boosted its stake in Travel + Leisure by 168.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,550 shares of the company’s stock valued at $763,000 after purchasing an additional 10,382 shares during the last quarter. 87.54% of the stock is currently owned by institutional investors.

Insider Activity at Travel + Leisure

In other Travel + Leisure news, insider Michael Dean Brown bought 2,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $46.66 per share, for a total transaction of $93,320.00. Following the purchase, the insider now directly owns 408,706 shares of the company’s stock, valued at $19,070,221.96. The trade was a 0.49 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George Herrera sold 6,336 shares of the firm’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 in the company, valued at $129,121.20. This represents a 69.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.02% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Tigress Financial raised their target price on Travel + Leisure from $64.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Truist Financial raised their price objective on Travel + Leisure from $61.00 to $72.00 and gave the company a “buy” rating in a research note on Friday, March 7th. Mizuho reiterated a “neutral” rating and issued a $64.00 target price (up previously from $55.00) on shares of Travel + Leisure in a research note on Thursday, February 20th. Barclays raised their price target on shares of Travel + Leisure from $48.00 to $54.00 and gave the company an “underweight” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley assumed coverage on shares of Travel + Leisure in a research report on Monday, January 6th. They set an “overweight” rating and a $67.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Travel + Leisure presently has an average rating of “Moderate Buy” and an average price target of $63.70.

Travel + Leisure Trading Up 0.4 %

NYSE:TNL opened at $41.37 on Friday. Travel + Leisure Co. has a 12 month low of $37.77 and a 12 month high of $58.95. The firm’s 50 day moving average is $50.26 and its 200 day moving average is $50.80. The stock has a market capitalization of $2.76 billion, a PE ratio of 7.08, a price-to-earnings-growth ratio of 0.67 and a beta of 1.40.

Travel + Leisure (NYSE:TNL) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.04. The company had revenue of $971.00 million during the quarter, compared to analyst estimates of $958.87 million. Travel + Leisure had a negative return on equity of 45.75% and a net margin of 10.63%. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.98 EPS. Research analysts predict that Travel + Leisure Co. will post 6.46 earnings per share for the current year.

Travel + Leisure Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a dividend of $0.56 per share. This is a boost from Travel + Leisure’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, March 17th. This represents a $2.24 dividend on an annualized basis and a yield of 5.41%. Travel + Leisure’s payout ratio is presently 38.36%.

About Travel + Leisure

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.