Intercontinental Hotels Group $IHG Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in Intercontinental Hotels Group (NYSE:IHG) by 9.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 448,244 shares of the company’s stock after acquiring an additional 36,946 shares during the quarter. Natixis Advisors LLC’s holdings in Intercontinental Hotels Group were worth $54,354,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IHG. Osaic Holdings Inc. increased its position in Intercontinental Hotels Group by 1.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,216 shares of the company’s stock worth $827,000 after purchasing an additional 96 shares in the last quarter. Frank Rimerman Advisors LLC lifted its holdings in Intercontinental Hotels Group by 3.9% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,571 shares of the company’s stock valued at $297,000 after purchasing an additional 97 shares in the last quarter. King Luther Capital Management Corp boosted its stake in shares of Intercontinental Hotels Group by 6.1% during the 2nd quarter. King Luther Capital Management Corp now owns 2,044 shares of the company’s stock worth $236,000 after purchasing an additional 118 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Intercontinental Hotels Group by 42.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock worth $50,000 after purchasing an additional 129 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its holdings in shares of Intercontinental Hotels Group by 4.7% during the third quarter. Vestmark Advisory Solutions Inc. now owns 4,036 shares of the company’s stock worth $489,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IHG. Jefferies Financial Group raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday, December 12th. Berenberg Bank upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Intercontinental Hotels Group presently has an average rating of “Moderate Buy”.

Intercontinental Hotels Group Price Performance

Shares of NYSE:IHG opened at $132.79 on Tuesday. The stock’s 50-day moving average price is $139.84 and its two-hundred day moving average price is $131.69. Intercontinental Hotels Group has a 12-month low of $94.78 and a 12-month high of $150.89.

Intercontinental Hotels Group Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Friday, April 10th will be issued a dividend of $1.259 per share. This represents a dividend yield of 191.0%. The ex-dividend date is Friday, April 10th.

Intercontinental Hotels Group Company Profile

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.