Janus Henderson Group PLC Grows Stock Position in Travel + Leisure Co. (NYSE:TNL)

Janus Henderson Group PLC boosted its stake in Travel + Leisure Co. (NYSE:TNL) by 18.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,730 shares of the company’s stock after purchasing an additional 5,503 shares during the quarter. Janus Henderson Group PLC owned about 0.05% of Travel + Leisure worth $1,600,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. Millennium Management LLC raised its position in shares of Travel + Leisure by 440.7% in the 2nd quarter. Millennium Management LLC now owns 614,141 shares of the company’s stock worth $27,624,000 after buying an additional 500,554 shares during the period. Acadian Asset Management LLC increased its position in Travel + Leisure by 318.4% during the 2nd quarter. Acadian Asset Management LLC now owns 405,252 shares of the company’s stock worth $18,217,000 after purchasing an additional 308,391 shares in the last quarter. Algert Global LLC raised its holdings in Travel + Leisure by 168.9% in the third quarter. Algert Global LLC now owns 319,279 shares of the company’s stock valued at $14,712,000 after buying an additional 200,549 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of Travel + Leisure in the second quarter worth $7,480,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Travel + Leisure by 21.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,979 shares of the company’s stock valued at $36,540,000 after acquiring an additional 138,153 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their price target on Travel + Leisure from $49.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday. Tigress Financial upped their price target on Travel + Leisure from $58.00 to $64.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price objective on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Barclays raised their price target on shares of Travel + Leisure from $41.00 to $48.00 and gave the company an “underweight” rating in a report on Friday. Finally, Truist Financial boosted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Travel + Leisure has a consensus rating of “Moderate Buy” and a consensus target price of $58.50.

Insider Buying and Selling

In other news, Director Stephen P. Holmes sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the completion of the transaction, the director now directly owns 362,947 shares in the company, valued at approximately $17,258,129.85. The trade was a 18.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Geoffrey Richards sold 9,400 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $56.56, for a total value of $531,664.00. Following the completion of the sale, the insider now owns 111,202 shares in the company, valued at approximately $6,289,585.12. This represents a 7.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,209 shares of company stock valued at $4,940,022 in the last quarter. Company insiders own 4.02% of the company’s stock.

Travel + Leisure Stock Performance

Shares of NYSE:TNL opened at $53.15 on Friday. The company’s fifty day moving average is $51.12 and its two-hundred day moving average is $46.63. Travel + Leisure Co. has a 1-year low of $37.99 and a 1-year high of $56.91. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.78 and a beta of 1.63.

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

Travel + Leisure Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, December 13th. Travel + Leisure’s dividend payout ratio (DPR) is 33.96%.

Travel + Leisure Company 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.