Massachusetts Financial Services Co. MA lifted its position in shares of InterContinental Hotels Group PLC (NYSE:IHG – Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,234 shares of the company’s stock after acquiring an additional 3,245 shares during the period. Massachusetts Financial Services Co. MA’s holdings in InterContinental Hotels Group were worth $3,486,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in IHG. Natixis Advisors L.P. raised its holdings in shares of InterContinental Hotels Group by 7.0% during the fourth quarter. Natixis Advisors L.P. now owns 617,076 shares of the company’s stock worth $56,265,000 after purchasing an additional 40,358 shares during the period. Royal Bank of Canada boosted its stake in InterContinental Hotels Group by 2.1% in the third quarter. Royal Bank of Canada now owns 617,029 shares of the company’s stock valued at $46,123,000 after acquiring an additional 12,902 shares during the period. Raymond James & Associates grew its holdings in shares of InterContinental Hotels Group by 0.5% during the fourth quarter. Raymond James & Associates now owns 103,041 shares of the company’s stock valued at $9,395,000 after purchasing an additional 486 shares during the last quarter. Trillium Asset Management LLC raised its position in shares of InterContinental Hotels Group by 16.4% during the 3rd quarter. Trillium Asset Management LLC now owns 77,478 shares of the company’s stock worth $5,791,000 after purchasing an additional 10,902 shares during the period. Finally, Optiver Holding B.V. bought a new stake in shares of InterContinental Hotels Group in the 3rd quarter worth approximately $5,302,000. 15.09% of the stock is currently owned by institutional investors.
InterContinental Hotels Group Stock Up 0.9 %
IHG stock opened at $100.45 on Monday. The company has a 50-day simple moving average of $101.66 and a 200 day simple moving average of $94.69. InterContinental Hotels Group PLC has a fifty-two week low of $65.22 and a fifty-two week high of $112.08.
InterContinental Hotels Group Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Tuesday, May 14th. Stockholders of record on Friday, April 5th were paid a $1.04 dividend. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.48. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, April 4th.
Wall Street Analyst Weigh In
A number of research analysts recently commented on IHG shares. Sanford C. Bernstein downgraded InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research note on Wednesday, March 13th. Jefferies Financial Group cut shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. StockNews.com lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Societe Generale lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
View Our Latest Research Report on IHG
InterContinental Hotels Group Profile
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.
Further Reading
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