M&T Bank Corp Buys 1,050 Shares of Travel + Leisure Co. (NYSE:TNL)

M&T Bank Corp grew its stake in shares of Travel + Leisure Co. (NYSE:TNLGet Rating) by 16.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,467 shares of the company’s stock after acquiring an additional 1,050 shares during the quarter. M&T Bank Corp’s holdings in Travel + Leisure were worth $276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of TNL. SG Americas Securities LLC increased its holdings in shares of Travel + Leisure by 633.4% during the first quarter. SG Americas Securities LLC now owns 61,617 shares of the company’s stock valued at $3,570,000 after acquiring an additional 53,216 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Travel + Leisure by 57.9% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,105 shares of the company’s stock valued at $64,000 after acquiring an additional 405 shares in the last quarter. Personal CFO Solutions LLC bought a new position in shares of Travel + Leisure during the first quarter valued at $222,000. Mutual of America Capital Management LLC increased its holdings in shares of Travel + Leisure by 2.0% during the first quarter. Mutual of America Capital Management LLC now owns 78,696 shares of the company’s stock valued at $4,560,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Iridian Asset Management LLC CT increased its holdings in Travel + Leisure by 1.2% in the 1st quarter. Iridian Asset Management LLC CT now owns 1,211,950 shares of the company’s stock worth $70,220,000 after buying an additional 14,332 shares in the last quarter. 88.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TNL has been the subject of several research analyst reports. Stifel Nicolaus reduced their price objective on Travel + Leisure from $76.00 to $61.00 in a report on Thursday, July 28th. Truist Financial reduced their price objective on Travel + Leisure from $72.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday. Barclays reduced their price objective on Travel + Leisure to $43.00 in a report on Tuesday, November 1st. Credit Suisse Group downgraded Travel + Leisure from an “outperform” rating to an “underperform” rating in a report on Friday, October 28th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Travel + Leisure from $69.00 to $62.00 in a report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $61.00.

Travel + Leisure Stock Up 0.3 %

Travel + Leisure stock opened at $39.57 on Wednesday. The business has a 50-day simple moving average of $38.27 and a two-hundred day simple moving average of $42.79. The company has a market cap of $3.22 billion, a P/E ratio of 9.10 and a beta of 1.69. Travel + Leisure Co. has a 52-week low of $33.57 and a 52-week high of $63.19.

Travel + Leisure Company Profile

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Travel + Leisure Co, together with its subsidiaries, provides hospitality services and 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; provides consumer financing in connection with the sale of VOIs; and provides property management services at resorts.

Further Reading

Institutional Ownership by Quarter for Travel + Leisure (NYSE:TNL)

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