ILG Inc. (ILG) Shares Bought by Legal & General Group Plc
Legal & General Group Plc boosted its stake in ILG Inc. (NASDAQ:ILG) by 10.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 206,929 shares of the business services provider’s stock after buying an additional 19,095 shares during the period. Legal & General Group Plc owned 0.17% of ILG worth $5,687,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Alps Advisors Inc. lifted its holdings in shares of ILG by 0.3% during the second quarter. Alps Advisors Inc. now owns 26,025 shares of the business services provider’s stock valued at $715,000 after purchasing an additional 68 shares during the last quarter. Creative Planning lifted its holdings in shares of 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 purchasing an additional 316 shares during the last quarter. Advisors Preferred LLC lifted its holdings in shares of ILG by 1.8% during the second quarter. Advisors Preferred LLC now owns 17,970 shares of the business services provider’s stock valued at $493,000 after purchasing an additional 317 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of ILG by 2.0% during the second quarter. Nisa Investment Advisors LLC now owns 20,306 shares of the business services provider’s stock valued at $556,000 after purchasing an additional 400 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of ILG by 1.1% during the first quarter. Arizona State Retirement System now owns 55,165 shares of the business services provider’s stock valued at $1,156,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 80.64% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of ILG from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a report on Tuesday, August 29th. Imperial Capital lifted their target price on shares of ILG from $22.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, May 30th. Seven analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus price target of $26.67.
Shares of ILG Inc. (NASDAQ ILG) opened at 25.26 on Friday. The company has a market cap of $3.16 billion, a P/E ratio of 24.31 and a beta of 1.48. ILG Inc. has a 12 month low of $15.94 and a 12 month high of $28.99. The company’s 50 day moving average is $26.25 and its 200 day moving average is $24.45.
ILG (NASDAQ:ILG) last posted its earnings results on Thursday, August 3rd. The business services provider reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate 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 million during the quarter, compared to analysts’ expectations of $432.86 million. The business’s revenue was up 51.5% compared to the same quarter last year. On average, equities research analysts predict that ILG Inc. will post $1.18 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Tuesday, September 5th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.60 dividend on an annualized basis and a yield of 2.38%. ILG’s 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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