ILG Inc. (ILG) Stake Lowered by Bank of New York Mellon Corp
Bank of New York Mellon Corp decreased its position in ILG Inc. (NASDAQ:ILG) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,102,637 shares of the business services provider’s stock after selling 136,518 shares during the period. Bank of New York Mellon Corp owned 1.69% of ILG worth $57,802,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Strs Ohio boosted its position in shares of ILG by 63.6% in the first quarter. Strs Ohio now owns 5,401 shares of the business services provider’s stock valued at $113,000 after buying an additional 2,100 shares during the period. Sei Investments Co. boosted its position in shares of ILG by 33.2% in the first quarter. Sei Investments Co. now owns 6,822 shares of the business services provider’s stock valued at $143,000 after buying an additional 1,701 shares during the period. Creative Planning boosted its position in shares of ILG by 6.3% in 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. Ameritas Investment Partners Inc. purchased a new position in shares of ILG during the first quarter valued at about $205,000. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of ILG during the first quarter valued at about $206,000. 80.63% of the stock is owned by institutional investors and hedge funds.
Shares of ILG Inc. (ILG) opened at 26.42 on Friday. The company has a market capitalization of $3.30 billion, a PE ratio of 25.43 and a beta of 1.48. ILG Inc. has a 1-year low of $15.94 and a 1-year high of $28.99. The firm has a 50-day moving average price of $26.51 and a 200-day moving average price of $24.27.
ILG (NASDAQ:ILG) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $450 million for the quarter, compared to analysts’ expectations of $432.86 million. ILG had a return on equity of 11.41% and a net margin of 7.32%. The firm’s quarterly revenue was up 51.5% on a year-over-year basis. Equities analysts anticipate that ILG Inc. will post $1.18 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 18th. Shareholders of record on Tuesday, September 5th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, August 31st. ILG’s dividend payout ratio (DPR) is 57.69%.
Several equities analysts recently issued reports on ILG shares. Zacks Investment Research upgraded ILG from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Wednesday, July 5th. Imperial Capital raised their price objective on ILG from $22.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 30th. Seven equities research analysts have rated the stock with a buy rating, ILG currently has a consensus rating of “Buy” and a consensus price target of $26.67.
ILG Company 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.
Want to see what other hedge funds are holding ILG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ILG Inc. (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 Analyst Ratings Network's FREE daily email newsletter.