Bank of New York Mellon Corp decreased its position in shares of ILG Inc. (NASDAQ:ILG) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,064,197 shares of the business services provider’s stock after selling 38,440 shares during the quarter. Bank of New York Mellon Corp owned 1.65% of ILG worth $55,177,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in ILG. Huntington National Bank purchased a new stake in ILG in the 3rd quarter valued at approximately $128,000. Advisor Group Inc. lifted its stake in ILG by 28.0% in the 2nd quarter. Advisor Group Inc. now owns 5,114 shares of the business services provider’s stock valued at $137,000 after buying an additional 1,119 shares in the last quarter. Creative Planning lifted its stake in ILG by 6.3% in the 2nd 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ILG by 11.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,354 shares of the business services provider’s stock valued at $147,000 after buying an additional 550 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new stake in ILG in the 3rd quarter valued at approximately $215,000. 80.33% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on ILG shares. Zacks Investment Research lowered ILG from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. Oppenheimer upped their target price on ILG from $29.00 to $32.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. SunTrust Banks reaffirmed a “buy” rating and issued a $30.00 target price on shares of ILG in a research note on Friday, November 10th. Nomura started coverage on ILG in a research note on Friday, October 6th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, BidaskClub raised ILG from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $30.50.
ILG (NASDAQ:ILG) last issued its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). ILG had a return on equity of 10.46% and a net margin of 7.04%. The business had revenue of $446.00 million for the quarter, compared to analysts’ expectations of $429.56 million. During the same period in the prior year, the company earned $0.39 EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. sell-side analysts expect that ILG Inc. will post 1.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Monday, December 4th. ILG’s dividend payout ratio is presently 58.82%.
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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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