Great West Life Assurance Co. Can raised its stake in shares of ILG Inc. (NASDAQ:ILG) by 3.9% during the second quarter, Holdings Channel reports. The firm owned 157,507 shares of the business services provider’s stock after buying an additional 5,885 shares during the period. Great West Life Assurance Co. Can’s holdings in ILG were worth $4,327,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of ILG by 10,793.0% in the first quarter. BlackRock Inc. now owns 13,919,706 shares of the business services provider’s stock valued at $291,757,000 after buying an additional 13,791,920 shares during the period. Vanguard Group Inc. raised its position in shares of ILG by 2.6% in the first quarter. Vanguard Group Inc. now owns 9,740,940 shares of the business services provider’s stock valued at $204,171,000 after buying an additional 247,902 shares during the period. Dimensional Fund Advisors LP raised its position in shares of ILG by 23.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,727,030 shares of the business services provider’s stock valued at $99,078,000 after buying an additional 912,167 shares during the period. P2 Capital Partners LLC raised its position in shares of ILG by 87.9% in the first quarter. P2 Capital Partners LLC now owns 4,375,000 shares of the business services provider’s stock valued at $91,700,000 after buying an additional 2,046,821 shares during the period. Finally, State Street Corp raised its position in shares of ILG by 5.6% in the first quarter. State Street Corp now owns 2,721,105 shares of the business services provider’s stock valued at $57,029,000 after buying an additional 145,154 shares during the period. 81.01% of the stock is currently owned by institutional investors.
Shares of ILG Inc. (NASDAQ:ILG) opened at 26.38 on Wednesday. The firm has a market capitalization of $3.30 billion, a P/E ratio of 25.39 and a beta of 1.47. ILG Inc. has a 12 month low of $15.94 and a 12 month high of $28.99. The company has a 50 day moving average of $26.92 and a 200-day moving average of $23.67. ILG also was the target of some unusual options trading on Monday. Investors bought 8,891 call options on the stock. This represents an increase of 1,394% compared to the average volume of 595 call options.
ILG (NASDAQ:ILG) last announced its earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. ILG had a return on equity of 11.41% and a net margin of 7.32%. The business had revenue of $450 million for the quarter, compared to analysts’ expectations of $432.86 million. The firm’s revenue was up 51.5% compared to the same quarter last year. Analysts predict that ILG Inc. will post $1.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, August 31st. ILG’s payout ratio is presently 57.69%.
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Several research analysts have recently issued reports on ILG shares. CIBC raised their target price on shares of ILG from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Zacks Investment Research raised shares of ILG from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Wednesday, July 5th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $26.00 target price (up previously from $22.00) on shares of ILG in a research note on Friday, April 21st. Finally, Imperial Capital raised their target price on shares of ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, May 30th. Seven investment analysts have rated the stock with a buy rating, ILG currently has an average rating of “Buy” and an average price target of $26.67.
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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