US Bancorp DE Sells 203 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

US Bancorp DE cut its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,072 shares of the company’s stock after selling 203 shares during the quarter. US Bancorp DE’s holdings in InterContinental Hotels Group were worth $892,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IHG. Russell Investments Group Ltd. increased its position in shares of InterContinental Hotels Group by 46.9% during the 1st quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after purchasing an additional 106 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of InterContinental Hotels Group during the 2nd quarter valued at $36,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of InterContinental Hotels Group during the 1st quarter valued at $48,000. EverSource Wealth Advisors LLC increased its position in shares of InterContinental Hotels Group by 65.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock valued at $48,000 after purchasing an additional 191 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in shares of InterContinental Hotels Group during the 2nd quarter valued at $50,000. 15.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

InterContinental Hotels Group Price Performance

Shares of IHG opened at $121.10 on Friday. The business has a 50-day moving average of $109.45 and a 200 day moving average of $104.26. InterContinental Hotels Group PLC has a fifty-two week low of $72.51 and a fifty-two week high of $121.54.

InterContinental Hotels Group Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, August 30th were issued a $0.532 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a yield of 1.6%. This is a positive change from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30.

InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.