Intercontinental Hotels Group PLC ADR (IHG)

Meridian Wealth Management LLC Makes New Investment in InterContinental Hotels Group PLC (NYSE:IHG)

Meridian Wealth Management LLC bought a new position in InterContinental Hotels Group PLC (NYSE:IHG – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,355 shares of the company’s stock, valued at approximately $215,000. Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC bought a new stake in InterContinental Hotels Group in the fourth quarter valued at about $74,000. Allworth Financial LP lifted its stake in InterContinental Hotels Group by 1,900.0% during the third quarter. Allworth Financial LP now owns 780 shares of the company’s stock worth $58,000 after purchasing an additional 741 shares during the last quarter. Blue Trust Inc. boosted its holdings in InterContinental Hotels Group by 15,850.0% in the fourth quarter. Blue Trust Inc. now owns 957 shares of the company’s stock worth $87,000 after purchasing an additional 951 shares during the period. New York State Common Retirement Fund bought a new stake in InterContinental Hotels Group during the third quarter valued at $73,000. Finally, DGS Capital Management LLC acquired a new stake in shares of InterContinental Hotels Group during the fourth quarter worth $215,000. Institutional investors and hedge funds own 15.09% of the company’s stock. InterContinental Hotels Group Stock Performance NYSE IHG opened at $100.45 on Monday. The company has a 50-day moving average price of $101.66 and a two-hundred day moving average price of $94.69. InterContinental Hotels Group PLC has a 52 week low of $65.22 and a 52 week high of $112.08. InterContinental Hotels Group Increases Dividend The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 14th. Investors of record on Friday, April 5th were issued a $1.04 dividend. This represents a yield of 1.4%. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.48. The ex-dividend date of this dividend was Thursday, April 4th. Analyst Upgrades and Downgrades A number of brokerages recently weighed in on IHG. Jefferies Financial Group downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Sanford C. Bernstein lowered InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a report on Wednesday, March 13th. StockNews.com downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Societe Generale downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, InterContinental Hotels Group currently has a consensus rating of “Hold”. Get Our Latest Report on InterContinental Hotels Group About InterContinental Hotels Group (Free Report) 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. See Also Five stocks we like better than InterContinental Hotels Group What is the Dogs of the Dow Strategy? Overview and Examples JD’s Earnings Could Mean Chinese Stocks Making a Comeback The Top 3 Healthcare Dividend Stocks to Buy and Hold Canada Goose Flies Higher Driven By DTC Growth Which Wall Street Analysts are the Most Accurate? CVS Health Stock Has a Silver Lining Called Value Want to see what other hedge funds are holding IHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterContinental Hotels Group PLC (NYSE:IHG – Free Report).