Ameriprise Financial Inc. Decreases Holdings in ILG Inc. (ILG)
Ameriprise Financial Inc. lessened its holdings in ILG Inc. (NASDAQ:ILG) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 576,287 shares of the business services provider’s stock after selling 21,742 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.46% of ILG worth $15,843,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank boosted its holdings in ILG by 6.1% in the first quarter. Swiss National Bank now owns 198,087 shares of the business services provider’s stock worth $4,152,000 after purchasing an additional 11,400 shares during the period. TIAA CREF Investment Management LLC boosted its holdings in ILG by 13.9% in the second 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 period. Neuberger Berman Group LLC acquired a new position in ILG in the second quarter worth $5,941,000. Corsair Capital Management L.P. acquired a new position in ILG in the first quarter worth $27,464,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in ILG by 8.8% in the first 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 period. 81.28% of the stock is owned by hedge funds and other institutional investors.
Shares of ILG Inc. (ILG) opened at 28.78 on Friday. The company has a market capitalization of $3.59 billion, a PE ratio of 27.70 and a beta of 1.48. The firm has a 50-day moving average price of $26.37 and a 200-day moving average price of $25.52. ILG Inc. has a 1-year low of $15.94 and a 1-year high of $29.60.
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 $450.00 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 company also recently disclosed a quarterly dividend, which was paid on Monday, September 18th. Stockholders of record on Tuesday, September 5th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, August 31st. ILG’s dividend payout ratio is presently 57.69%.
A number of research firms have commented on ILG. Zacks Investment Research downgraded shares of ILG from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub raised shares of ILG from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $27.00.
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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