Prospera Financial Services Inc Takes Position in InterContinental Hotels Group PLC (NYSE:IHG)

Prospera Financial Services Inc bought a new stake in shares of InterContinental Hotels Group PLC (NYSE:IHGGet Rating) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,640 shares of the company’s stock, valued at approximately $225,000.

Other large investors also recently modified their holdings of the company. Wipfli Financial Advisors LLC acquired a new stake in shares of InterContinental Hotels Group during the third quarter valued at about $37,000. National Bank of Canada FI grew its stake in shares of InterContinental Hotels Group by 24.1% during the second quarter. National Bank of Canada FI now owns 1,014 shares of the company’s stock valued at $55,000 after acquiring an additional 197 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of InterContinental Hotels Group during the first quarter worth about $82,000. Captrust Financial Advisors lifted its position in shares of InterContinental Hotels Group by 22.0% during the first quarter. Captrust Financial Advisors now owns 1,211 shares of the company’s stock worth $83,000 after purchasing an additional 218 shares during the last quarter. Finally, UBS Group AG lifted its position in shares of InterContinental Hotels Group by 38.2% during the first quarter. UBS Group AG now owns 3,101 shares of the company’s stock worth $213,000 after purchasing an additional 857 shares during the last quarter. 4.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IHG has been the topic of several research analyst reports. Citigroup reduced their price target on shares of InterContinental Hotels Group from GBX 4,450 ($54.22) to GBX 4,200 ($51.17) in a research report on Wednesday, November 30th. Peel Hunt raised shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday, December 9th. Jefferies Financial Group reduced their price target on shares of InterContinental Hotels Group from GBX 6,000 ($73.10) to GBX 5,500 ($67.01) in a research report on Sunday, December 11th. StockNews.com cut shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on shares of InterContinental Hotels Group from GBX 5,900 ($71.88) to GBX 6,200 ($75.54) in a report on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $5,510.71.

InterContinental Hotels Group Stock Performance

Shares of NYSE:IHG opened at $67.49 on Friday. The firm’s 50 day moving average is $59.23 and its two-hundred day moving average is $56.59. InterContinental Hotels Group PLC has a 52 week low of $47.06 and a 52 week high of $71.71.

InterContinental Hotels Group Company Profile

(Get Rating)

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, EVEN Hotels, HUALUXE, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, avid, Staybridge Suites, Atwell Suites, Candlewood Suites, voco, and Crowne Plaza.

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Institutional Ownership by Quarter for InterContinental Hotels Group (NYSE:IHG)

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