Legal & General Group Plc lifted its stake in shares of Viad Corp (NYSE:VVI) by 10.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,001 shares of the business services provider’s stock after purchasing an additional 3,571 shares during the quarter. Legal & General Group Plc owned about 0.19% of Viad Corp worth $1,843,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Viad Corp during the 2nd quarter worth $120,000. Rhumbline Advisers grew its stake in shares of Viad Corp by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 41,280 shares of the business services provider’s stock worth $1,950,000 after purchasing an additional 149 shares during the period. First Trust Advisors LP acquired a new position in shares of Viad Corp during the 2nd quarter worth $1,301,000. Arizona State Retirement System grew its stake in shares of Viad Corp by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 10,673 shares of the business services provider’s stock worth $504,000 after purchasing an additional 100 shares during the period. Finally, Algert Global LLC acquired a new position in shares of Viad Corp during the 2nd quarter worth $702,000. 86.09% of the stock is currently owned by institutional investors and hedge funds.

Viad Corp (NYSE VVI) opened at 58.20 on Monday. Viad Corp has a 1-year low of $34.40 and a 1-year high of $58.40. The firm has a market capitalization of $1.19 billion, a PE ratio of 18.36 and a beta of 0.50. The stock’s 50 day moving average is $54.17 and its 200-day moving average is $47.78.

Viad Corp (NYSE:VVI) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.26. The company had revenue of $364.77 million for the quarter, compared to analyst estimates of $347.35 million. Viad Corp had a return on equity of 28.38% and a net margin of 7.50%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. Equities research analysts forecast that Viad Corp will post $2.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, September 7th. Viad Corp’s payout ratio is currently 12.62%.

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A number of equities analysts have recently weighed in on VVI shares. BidaskClub raised shares of Viad Corp from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Viad Corp from a “hold” rating to a “strong-buy” rating and set a $57.00 price target on the stock in a research note on Saturday, July 29th.

Viad Corp Company Profile

Viad Corp is an international experiential services company. The Company operates through two main business groups: GES, which is a live event service provider to some of the visible and influential events and global brands, and Pursuit, which is a collection of destination travel experiences. GES conducts its operations through two geographical segments: GES U.S., which has full-service operations in exhibition market in the United States, including Las Vegas, Nevada; Chicago, Illinois; Orlando, Florida; New York, New York, and Los Angeles, California, and GES International, which had full-service operations at many of the event destinations and venues.

Institutional Ownership by Quarter for Viad Corp (NYSE:VVI)

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