Orion Porfolio Solutions LLC Raises Holdings in Intercontinental Hotels Group $IHG

Orion Porfolio Solutions LLC lifted its position in shares of Intercontinental Hotels Group (NYSE:IHG) by 30.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,241 shares of the company’s stock after acquiring an additional 4,299 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Intercontinental Hotels Group were worth $2,212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in Intercontinental Hotels Group by 42.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 434 shares of the company’s stock valued at $50,000 after acquiring an additional 129 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Intercontinental Hotels Group by 136.5% in the third quarter. Farther Finance Advisors LLC now owns 473 shares of the company’s stock worth $57,000 after purchasing an additional 273 shares in the last quarter. MAI Capital Management raised its position in shares of Intercontinental Hotels Group by 330.6% in the second quarter. MAI Capital Management now owns 676 shares of the company’s stock valued at $78,000 after purchasing an additional 519 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Intercontinental Hotels Group by 56.3% in the second quarter. EverSource Wealth Advisors LLC now owns 933 shares of the company’s stock valued at $108,000 after purchasing an additional 336 shares during the period. Finally, Aviso Financial Inc. lifted its stake in shares of Intercontinental Hotels Group by 100.2% during the 2nd quarter. Aviso Financial Inc. now owns 1,197 shares of the company’s stock valued at $138,000 after buying an additional 599 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Thursday, January 22nd. Berenberg Bank upgraded Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Finally, Jefferies Financial Group raised Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Intercontinental Hotels Group Trading Down 0.6%

Shares of IHG opened at $131.84 on Wednesday. Intercontinental Hotels Group has a twelve month low of $94.78 and a twelve month high of $150.89. The business’s 50-day moving average price is $139.64 and its 200-day moving average price is $131.75.

Intercontinental Hotels Group Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 14th. Investors of record on Friday, April 10th will be issued a dividend of $1.259 per share. This represents a yield of 191.0%. The ex-dividend date of this dividend is Friday, April 10th.

About Intercontinental Hotels Group

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.