Nomura Holdings Inc. purchased a new position in shares of ILG Inc. (NASDAQ:ILG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 361,672 shares of the business services provider’s stock, valued at approximately $9,956,000. Nomura Holdings Inc. owned 0.29% of ILG at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its position in shares of ILG by 13.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 1,983,549 shares of the business services provider’s stock worth $54,528,000 after purchasing an additional 241,774 shares during the last quarter. Neuberger Berman Group LLC bought a new stake in shares of ILG in the 2nd quarter worth about $5,941,000. Schwab Charles Investment Management Inc. increased its position in shares of ILG by 8.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 529,950 shares of the business services provider’s stock worth $11,108,000 after purchasing an additional 42,805 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of ILG by 73.2% in the 1st quarter. UBS Asset Management Americas Inc. now owns 68,212 shares of the business services provider’s stock worth $1,430,000 after purchasing an additional 28,825 shares during the last quarter. Finally, Credit Suisse AG increased its position in shares of ILG by 14.2% in the 1st quarter. Credit Suisse AG now owns 191,115 shares of the business services provider’s stock worth $4,006,000 after purchasing an additional 23,749 shares during the last quarter. 81.28% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms have recently weighed in on ILG. BidaskClub raised shares of ILG from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of ILG from a “hold” rating to a “sell” rating in a report on Tuesday. Instinet started coverage on shares of ILG in a report on Friday, October 6th. They issued a “buy” rating and a $35.00 price target for the company. Finally, Nomura started coverage on shares of ILG in a report on Friday, October 6th. They issued a “buy” rating and a $35.00 price target for the company. One investment analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $29.29.
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ILG Inc. (NASDAQ ILG) traded up 0.86% on Wednesday, hitting $29.37. 470,551 shares of the stock traded hands. The stock has a 50-day moving average of $26.65 and a 200-day moving average of $25.83. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 55.42 and a beta of 1.48. ILG Inc. has a 12-month low of $15.94 and a 12-month high of $29.85.
ILG (NASDAQ:ILG) last announced 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. ILG had a net margin of 7.32% and a return on equity of 11.41%. The company had revenue of $450.00 million during the quarter, compared to analysts’ expectations of $432.86 million. The business’s quarterly revenue was up 51.5% on a year-over-year basis. Analysts forecast that ILG Inc. will post $1.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend was Thursday, August 31st. ILG’s dividend payout ratio is 57.69%.
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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