Intercontinental Hotels Group $IHG Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in Intercontinental Hotels Group (NYSE:IHG) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 448,244 shares of the company’s stock after purchasing an additional 36,946 shares during the quarter. Natixis Advisors LLC owned 0.29% of Intercontinental Hotels Group worth $54,354,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Intercontinental Hotels Group by 42.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock worth $50,000 after buying an additional 129 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Intercontinental Hotels Group by 136.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 473 shares of the company’s stock valued at $57,000 after acquiring an additional 273 shares during the period. MAI Capital Management lifted its position in shares of Intercontinental Hotels Group by 330.6% during the 2nd 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 boosted its stake 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 worth $108,000 after acquiring an additional 336 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of Intercontinental Hotels Group by 27.1% in the 2nd 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. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Stock Up 0.1%

Shares of NYSE IHG opened at $132.79 on Tuesday. The firm’s 50-day moving average is $139.84 and its two-hundred day moving average 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 announced a dividend, which will be paid on Thursday, May 14th. Investors of record on Friday, April 10th will be paid a $1.259 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a yield of 191.0%.

Analysts Set New Price Targets

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

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.