Natixis Advisors LLC Has $65.59 Million Position in Intercontinental Hotels Group $IHG

Natixis Advisors LLC lifted its stake in shares of Intercontinental Hotels Group (NYSE:IHG) by 3.9% during the fourth quarter, Holdings Channel reports. The fund owned 465,747 shares of the company’s stock after buying an additional 17,503 shares during the quarter. Natixis Advisors LLC’s holdings in Intercontinental Hotels Group were worth $65,591,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Intercontinental Hotels Group by 29.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 869 shares of the company’s stock valued at $122,000 after acquiring an additional 197 shares during the period. Savant Capital LLC acquired a new position in shares of Intercontinental Hotels Group during the 4th quarter valued at $249,000. Moors & Cabot Inc. lifted its position in shares of Intercontinental Hotels Group by 2.3% during the 4th quarter. Moors & Cabot Inc. now owns 4,297 shares of the company’s stock valued at $605,000 after acquiring an additional 98 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Intercontinental Hotels Group by 25.4% during the 4th quarter. Hantz Financial Services Inc. now owns 11,479 shares of the company’s stock valued at $1,617,000 after acquiring an additional 2,328 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in shares of Intercontinental Hotels Group during the 4th quarter valued at $2,415,000. Institutional investors and hedge funds own 15.09% of the company’s stock.

Intercontinental Hotels Group Stock Performance

IHG opened at $158.09 on Wednesday. The company’s fifty day moving average price is $143.80 and its two-hundred day moving average price is $139.72. Intercontinental Hotels Group has a 1-year low of $109.79 and a 1-year high of $159.57.

Intercontinental Hotels Group Announces Dividend

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on IHG shares. Sanford C. Bernstein boosted their target price on shares of Intercontinental Hotels Group from $141.00 to $154.00 and gave the company a “market perform” rating in a research report on Friday, May 15th. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $154.00.

Intercontinental Hotels Group 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.