Swiss National Bank trimmed its holdings in shares of ILG Inc. (NASDAQ:ILG) by 6.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,787 shares of the business services provider’s stock after selling 13,400 shares during the quarter. Swiss National Bank owned approximately 150,337.84% of ILG worth $5,020,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ILG. Huntington National Bank purchased a new position in ILG during the third quarter valued at approximately $128,000. Advisor Group Inc. increased its holdings in ILG by 28.0% during the second quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,119 shares during the period. Creative Planning increased its holdings in ILG by 6.3% during the second quarter. Creative Planning now owns 5,325 shares of the business services provider’s stock valued at $146,000 after buying an additional 316 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in ILG by 11.4% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock valued at $147,000 after buying an additional 550 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in ILG in the third quarter valued at approximately $215,000. 81.54% of the stock is currently owned by institutional investors.

Several brokerages have weighed in on ILG. Zacks Investment Research upgraded shares of ILG from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. SunTrust Banks, Inc. restated a “buy” rating and issued a $30.00 target price on shares of ILG in a research note on Friday, November 10th. BidaskClub downgraded shares of ILG from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Oppenheimer Holdings, Inc. raised their target price on shares of ILG from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Finally, Nomura raised their target price on shares of ILG from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.50.

Shares of ILG Inc. (ILG) opened at $27.93 on Thursday. ILG Inc. has a one year low of $17.56 and a one year high of $30.70. The company has a current ratio of 1.75, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The company has a market cap of $3,486.99, a price-to-earnings ratio of 20.82 and a beta of 1.53.

ILG (NASDAQ:ILG) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.01). ILG had a return on equity of 10.46% and a net margin of 7.04%. The company had revenue of $446.00 million for the quarter, compared to analyst estimates of $429.56 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. research analysts predict that ILG Inc. will post 1.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, December 5th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.15%. ILG’s payout ratio is currently 58.82%.

WARNING: This story was originally published by Daily Political and is owned by of Daily Political. If you are accessing this story on another website, it was stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/11/23/swiss-national-bank-cuts-position-in-ilg-inc-ilg.html.

ILG Profile

ILG, Inc, formerly Interval Leisure Group, Inc, is a provider of professionally delivered vacation experiences. The Company is a global licensee for the Hyatt, Westin and Sheraton brands in vacation ownership. The Company operates through two segments: Exchange and Rental, and Vacation Ownership. Its Exchange and Rental segment offers access to vacation accommodations and other travel-related transactions and services to leisure travelers, by providing vacation exchange services and vacation rental, working with resort developers and operating vacation rental properties.

Institutional Ownership by Quarter for ILG (NASDAQ:ILG)

Receive News & Ratings for ILG Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ILG Inc. and related companies with MarketBeat.com's FREE daily email newsletter.