Blue Trust Inc. Grows Position in InterContinental Hotels Group PLC (NYSE:IHG)

Blue Trust Inc. raised its position in shares of InterContinental Hotels Group PLC (NYSE:IHGFree Report) by 15,850.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 957 shares of the company’s stock after buying an additional 951 shares during the quarter. Blue Trust Inc.’s holdings in InterContinental Hotels Group were worth $87,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Morgan Stanley grew its holdings in InterContinental Hotels Group by 23.3% during the 3rd quarter. Morgan Stanley now owns 829,220 shares of the company’s stock valued at $61,984,000 after buying an additional 156,778 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of InterContinental Hotels Group by 2.1% in the 3rd quarter. Royal Bank of Canada now owns 617,029 shares of the company’s stock valued at $46,123,000 after purchasing an additional 12,902 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of InterContinental Hotels Group by 17.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 615,685 shares of the company’s stock valued at $43,375,000 after purchasing an additional 92,907 shares during the last quarter. Natixis Advisors L.P. lifted its stake in shares of InterContinental Hotels Group by 214.8% in the 3rd quarter. Natixis Advisors L.P. now owns 576,718 shares of the company’s stock valued at $43,110,000 after purchasing an additional 393,528 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of InterContinental Hotels Group by 6.1% in the 1st quarter. BlackRock Inc. now owns 227,500 shares of the company’s stock valued at $15,657,000 after purchasing an additional 13,017 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IHG shares. Sanford C. Bernstein lowered InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research note on Wednesday, March 13th. StockNews.com lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Jefferies Financial Group lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, Societe Generale lowered 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 assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

View Our Latest Report on IHG

InterContinental Hotels Group Price Performance

Shares of IHG stock opened at $103.57 on Thursday. InterContinental Hotels Group PLC has a 52-week low of $65.22 and a 52-week high of $112.08. The stock has a 50 day moving average price of $102.95 and a 200 day moving average price of $88.87.

InterContinental Hotels Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, May 14th. Investors of record on Friday, April 5th will be paid a dividend of $1.04 per share. 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 is Thursday, April 4th.

InterContinental Hotels Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for InterContinental Hotels Group (NYSE:IHG)

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