US Bancorp DE Has $1.08 Million Stock Position in InterContinental Hotels Group PLC (NYSE:IHG)

US Bancorp DE increased its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,663 shares of the company’s stock after purchasing an additional 591 shares during the quarter. US Bancorp DE’s holdings in InterContinental Hotels Group were worth $1,082,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its position in shares of InterContinental Hotels Group by 5.8% in the third quarter. FMR LLC now owns 6,387,525 shares of the company’s stock valued at $705,758,000 after acquiring an additional 351,723 shares during the last quarter. ABC Arbitrage SA bought a new position in shares of InterContinental Hotels Group in the fourth quarter valued at $11,846,000. World Investment Advisors LLC acquired a new position in InterContinental Hotels Group during the third quarter worth $86,000. JPMorgan Chase & Co. raised its position in InterContinental Hotels Group by 29.7% during the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock worth $35,388,000 after acquiring an additional 73,361 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in InterContinental Hotels Group in the fourth quarter valued at $2,185,000. Institutional investors own 15.09% of the company’s stock.

Analyst Upgrades and Downgrades

IHG has been the topic of a number of research analyst reports. Sanford C. Bernstein raised shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Morgan Stanley lowered InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Finally, Citigroup began coverage on InterContinental Hotels Group in a report on Monday, February 24th. They set a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, InterContinental Hotels Group currently has an average rating of “Hold”.

InterContinental Hotels Group Stock Up 0.0 %

Shares of NYSE:IHG opened at $120.62 on Monday. InterContinental Hotels Group PLC has a 12-month low of $91.57 and a 12-month high of $137.25. The business has a 50 day moving average of $128.42 and a 200-day moving average of $119.62. The stock has a market cap of $19.08 billion, a PE ratio of 21.39, a P/E/G ratio of 1.69 and a beta of 1.33.

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.