4,974 Intercontinental Hotels Group $IHG Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of Intercontinental Hotels Group (NYSE:IHG) by 90.4% in the third quarter, HoldingsChannel reports. The fund owned 10,479 shares of the company’s stock after buying an additional 4,974 shares during the period. Vise Technologies Inc.’s holdings in Intercontinental Hotels Group were worth $1,685,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Intercontinental Hotels Group by 3.6% during the second quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock valued at $348,000 after purchasing an additional 70 shares during the period. Versant Capital Management Inc increased its stake in Intercontinental Hotels Group by 2.2% during the 3rd quarter. Versant Capital Management Inc now owns 3,420 shares of the company’s stock valued at $550,000 after buying an additional 72 shares during the period. Compound Planning Inc. increased its stake in Intercontinental Hotels Group by 5.4% during the 1st quarter. Compound Planning Inc. now owns 1,694 shares of the company’s stock valued at $226,000 after buying an additional 87 shares during the period. Bank of New York Mellon Corp increased its stake in Intercontinental Hotels Group by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 19,352 shares of the company’s stock valued at $2,583,000 after buying an additional 106 shares during the period. Finally, Cordatus Wealth Management LLC raised its position in shares of Intercontinental Hotels Group by 3.6% during the 3rd quarter. Cordatus Wealth Management LLC now owns 3,431 shares of the company’s stock worth $552,000 after buying an additional 120 shares in the last quarter. Institutional investors own 15.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IHG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Friday, August 21st. Zacks Research upgraded shares of Intercontinental Hotels Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. UBS Group raised Intercontinental Hotels Group from a “neutral” rating to a “buy” rating and set a $188.00 target price on the stock in a report on Wednesday, September 2nd. Finally, Bank of America restated a “buy” rating on shares of Intercontinental Hotels Group in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $179.00.

Intercontinental Hotels Group Trading Up 1.8%

NYSE IHG traded up $3.11 during trading on Friday, reaching $178.67. 274,966 shares of the company’s stock were exchanged, compared to its average volume of 254,893. Intercontinental Hotels Group has a fifty-two week low of $124.51 and a fifty-two week high of $180.49. The company’s fifty day simple moving average is $161.99 and its 200-day simple moving average is $153.12.

Intercontinental Hotels Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, October 1st. Investors of record on Friday, August 21st were issued a dividend of $0.6450 per share. This is a decrease from Intercontinental Hotels Group’s previous dividend of $1.2590. This represents a dividend yield of 81.0%. The ex-dividend date was Friday, August 21st.

Intercontinental Hotels Group Company Profile

InterContinental Hotels Group PLC (NYSE: IHG) is a global hospitality company that owns, manages, franchises and licenses a portfolio of hotel brands. Its brands include InterContinental, Regent, Six Senses, Kimpton, Crowne Plaza, voco, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, avid hotels and Garner.

IHG serves business and leisure travelers across a broad range of lodging segments, from luxury and lifestyle hotels to full-service, upscale, midscale and extended-stay accommodations.