Private Advisor Group LLC acquired a new position in InterContinental Hotels Group PLC (NYSE:IHG – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,665 shares of the company’s stock, valued at approximately $243,000.
Several other institutional investors also recently modified their holdings of the stock. New York State Common Retirement Fund purchased a new stake in shares of InterContinental Hotels Group during the third quarter valued at approximately $73,000. GAMMA Investing LLC bought a new position in shares of InterContinental Hotels Group during the fourth quarter valued at $74,000. Blue Trust Inc. boosted its position in shares of InterContinental Hotels Group by 15,850.0% during the fourth quarter. Blue Trust Inc. now owns 957 shares of the company’s stock valued at $87,000 after buying an additional 951 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new stake in shares of InterContinental Hotels Group during the third quarter valued at $202,000. Finally, Fiera Capital Corp purchased a new stake in shares of InterContinental Hotels Group during the third quarter valued at $209,000. 15.09% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on IHG. Sanford C. Bernstein cut InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research report on Wednesday, March 13th. Societe Generale downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. StockNews.com downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Jefferies Financial Group downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, InterContinental Hotels Group currently has an average rating of “Hold”.
View Our Latest Stock Analysis on IHG
InterContinental Hotels Group Stock Performance
IHG stock opened at $102.20 on Friday. The stock’s fifty day simple moving average is $101.10 and its 200-day simple moving average is $95.35. InterContinental Hotels Group PLC has a 52-week low of $65.66 and a 52-week high of $112.08.
InterContinental Hotels Group Increases Dividend
The company also recently announced a semi-annual dividend, which was paid on Tuesday, May 14th. Investors of record on Friday, April 5th were issued a dividend of $1.04 per share. This is a boost from InterContinental Hotels Group’s previous semi-annual dividend of $0.48. The ex-dividend date of this dividend was Thursday, April 4th. This represents a yield of 1.4%.
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.
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