Mercer Global Advisors Inc. ADV Purchases 808 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Mercer Global Advisors Inc. ADV lifted its holdings in InterContinental Hotels Group PLC (NYSE:IHG – Get Rating) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,833 shares of the company’s stock after purchasing an additional 808 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in InterContinental Hotels Group were worth $340,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its holdings in shares of InterContinental Hotels Group by 46.2% during the third quarter. Rockefeller Capital Management L.P. now owns 899 shares of the company’s stock worth $43,000 after buying an additional 284 shares during the last quarter. Quantbot Technologies LP bought a new stake in InterContinental Hotels Group in the 1st quarter valued at $82,000. Captrust Financial Advisors grew its position in InterContinental Hotels Group by 22.0% in the 1st 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. National Bank of Canada FI raised its position in shares of InterContinental Hotels Group by 30.6% during the fourth quarter. National Bank of Canada FI now owns 1,482 shares of the company’s stock valued at $86,000 after buying an additional 347 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of InterContinental Hotels Group by 1,067.0% in the third quarter. Tower Research Capital LLC TRC now owns 2,194 shares of the company’s stock valued at $107,000 after buying an additional 2,006 shares during the period. Institutional investors own 4.67% of the company’s stock.

InterContinental Hotels Group Price Performance

NYSE IHG opened at $66.11 on Thursday. InterContinental Hotels Group PLC has a 52 week low of $47.06 and a 52 week high of $72.10. The stock has a fifty day moving average of $67.78 and a 200-day moving average of $65.20.

InterContinental Hotels Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which was paid on Tuesday, May 16th. Stockholders of record on Friday, March 31st were given a dividend of $0.945 per share. This is a boost from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.44. The ex-dividend date of this dividend was Thursday, March 30th. This represents a dividend yield of 1.9%.

Wall Street Analyst Weigh In

IHG has been the topic of several research reports. StockNews.com lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Monday, May 15th. JPMorgan Chase & Co. decreased their price objective on InterContinental Hotels Group from GBX 6,200 ($77.11) to GBX 6,000 ($74.63) in a report on Wednesday, February 22nd. UBS Group cut InterContinental Hotels Group from a “buy” rating to a “neutral” rating in a report on Tuesday, February 14th. Deutsche Bank Aktiengesellschaft downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 22nd. Finally, Peel Hunt cut InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Monday, January 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5,466.67.

InterContinental Hotels Group Profile

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InterContinental Hotels Group Plc owns and operates hotels. The firm’s hotel brands include: InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, EVEN Hotels, IHG Rewards Club, Kimpton and HUALUXE Hotels and Resorts. It operates through the following segments: Europe, Middle East, Asia and Africa, Americas, Greater China and Central.