Intercontinental Hotels Group $IHG Stock Holdings Raised by Zions Bancorporation National Association UT

Zions Bancorporation National Association UT lifted its stake in shares of Intercontinental Hotels Group (NYSE:IHG) by 56.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,274 shares of the company’s stock after purchasing an additional 4,447 shares during the period. Zions Bancorporation National Association UT’s holdings in Intercontinental Hotels Group were worth $1,488,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Intercontinental Hotels Group by 42.3% in 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. Farther Finance Advisors LLC lifted its holdings in Intercontinental Hotels Group by 136.5% in the third quarter. Farther Finance Advisors LLC now owns 473 shares of the company’s stock worth $57,000 after purchasing an additional 273 shares during the period. MAI Capital Management increased its stake in shares of Intercontinental Hotels Group by 330.6% during the second quarter. MAI Capital Management now owns 676 shares of the company’s stock valued at $78,000 after acquiring an additional 519 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Intercontinental Hotels Group by 56.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 933 shares of the company’s stock valued at $108,000 after purchasing an additional 336 shares during the period. Finally, Assetmark Inc. grew its holdings in Intercontinental Hotels Group by 27.1% during the second quarter. Assetmark Inc. now owns 1,036 shares of the company’s stock worth $119,000 after acquiring an additional 221 shares during the period. 15.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IHG. Jefferies Financial Group raised Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday, December 12th. Wall Street Zen downgraded shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Monday, October 27th. Berenberg Bank upgraded Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Intercontinental Hotels Group Trading Up 0.1%

IHG opened at $146.03 on Tuesday. The firm’s fifty day moving average price is $140.09 and its two-hundred day moving average price is $129.57. Intercontinental Hotels Group has a fifty-two week low of $94.78 and a fifty-two week high of $150.89.

About Intercontinental Hotels Group

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.