R Squared Ltd Purchases Shares of 2,680 Travel + Leisure Co. (NYSE:TNL)

R Squared Ltd acquired a new position in shares of Travel + Leisure Co. (NYSE:TNL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,680 shares of the company’s stock, valued at approximately $135,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its position in shares of Travel + Leisure by 30.1% during the fourth quarter. KBC Group NV now owns 2,893 shares of the company’s stock worth $146,000 after purchasing an additional 669 shares in the last quarter. Blue Trust Inc. raised its stake in Travel + Leisure by 17.6% in the fourth quarter. Blue Trust Inc. now owns 2,996 shares of the company’s stock valued at $138,000 after buying an additional 449 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Travel + Leisure by 17,416.7% in the fourth quarter. Sound Income Strategies LLC now owns 1,051 shares of the company’s stock worth $53,000 after acquiring an additional 1,045 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Travel + Leisure by 4.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 47,725 shares of the company’s stock worth $2,408,000 after acquiring an additional 2,213 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Travel + Leisure during the fourth quarter valued at about $114,000. Hedge funds and other institutional investors own 87.54% of the company’s stock.

Travel + Leisure Price Performance

Shares of NYSE TNL opened at $54.40 on Thursday. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 9.24, a PEG ratio of 0.68 and a beta of 1.64. The firm’s 50 day simple moving average is $52.72 and its 200-day simple moving average is $48.37. Travel + Leisure Co. has a 12 month low of $39.66 and a 12 month high of $56.91.

Travel + Leisure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a yield of 3.68%. Travel + Leisure’s payout ratio is 33.96%.

Insiders Place Their Bets

In related news, insider Geoffrey Richards sold 4,607 shares of Travel + Leisure stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $54.25, for a total value of $249,929.75. Following the completion of the transaction, the insider now owns 120,602 shares in the company, valued at $6,542,658.50. The trade was a 3.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 19,016 shares of company stock worth $1,042,863. Company insiders own 4.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TNL shares. JPMorgan Chase & Co. boosted their target price on shares of Travel + Leisure from $56.00 to $63.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Bank of America raised shares of Travel + Leisure from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $60.00 in a report on Monday. The Goldman Sachs Group raised their target price on Travel + Leisure from $49.00 to $59.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley started coverage on Travel + Leisure in a research note on Monday, January 6th. They set an “overweight” rating and a $67.00 price target on the stock. Finally, Barclays raised their price objective on Travel + Leisure from $41.00 to $48.00 and gave the stock an “underweight” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.55.

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.