Natixis Advisors LLC Acquires 17,503 Shares of Intercontinental Hotels Group $IHG

Natixis Advisors LLC boosted its holdings in shares of Intercontinental Hotels Group (NYSE:IHG) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 465,747 shares of the company’s stock after acquiring an additional 17,503 shares during the quarter. Natixis Advisors LLC owned 0.31% of Intercontinental Hotels Group worth $65,591,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IHG. Jones Financial Companies Lllp grew its holdings in Intercontinental Hotels Group by 228.2% during the 1st quarter. Jones Financial Companies Lllp now owns 4,844 shares of the company’s stock worth $531,000 after acquiring an additional 3,368 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Intercontinental Hotels Group by 2.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 668,948 shares of the company’s stock worth $73,310,000 after acquiring an additional 16,461 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Intercontinental Hotels Group by 44.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,518 shares of the company’s stock worth $290,000 after acquiring an additional 780 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in 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 acquiring an additional 129 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Intercontinental Hotels Group by 56.3% in 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 last quarter. 15.09% of the stock is owned by institutional investors.

Intercontinental Hotels Group Stock Up 2.0%

NYSE:IHG opened at $158.09 on Wednesday. The firm’s fifty day moving average is $143.80 and its 200-day moving average is $139.72. Intercontinental Hotels Group has a 52 week low of $109.79 and a 52 week high of $159.57.

Intercontinental Hotels Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 14th. Stockholders of record on Friday, April 10th were paid a $1.259 dividend. This represents a dividend yield of 178.0%. The ex-dividend date of this dividend was Friday, April 10th.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Sanford C. Bernstein upped their price objective on shares of Intercontinental Hotels Group from $141.00 to $154.00 and gave the company a “market perform” rating in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Tuesday, May 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Intercontinental Hotels Group currently has an average rating of “Moderate Buy” and an average target price of $154.00.

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.