Swiss National Bank Cuts Position in ILG Inc. (ILG)
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%.
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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.
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