William Blair Investment Management LLC Buys Shares of 17,146 Intercontinental Hotels Group $IHG

William Blair Investment Management LLC bought a new stake in Intercontinental Hotels Group (NYSE:IHG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,146 shares of the company’s stock, valued at approximately $2,415,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. boosted its holdings in Intercontinental Hotels Group by 20.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 439 shares of the company’s stock valued at $62,000 after purchasing an additional 76 shares during the period. Independent Advisor Alliance grew its position in Intercontinental Hotels Group by 0.9% in the 4th quarter. Independent Advisor Alliance now owns 10,577 shares of the company’s stock worth $1,490,000 after purchasing an additional 91 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in shares of Intercontinental Hotels Group by 72.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock worth $30,000 after purchasing an additional 91 shares during the period. HighTower Advisors LLC increased its holdings in shares of Intercontinental Hotels Group by 0.8% during the 4th quarter. HighTower Advisors LLC now owns 12,734 shares of the company’s stock worth $1,793,000 after purchasing an additional 95 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Intercontinental Hotels Group by 1.3% during the second quarter. Osaic Holdings Inc. now owns 7,216 shares of the company’s stock valued at $827,000 after buying an additional 96 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Price Performance

Shares of Intercontinental Hotels Group stock opened at $154.19 on Wednesday. The company’s fifty day moving average price is $141.80 and its two-hundred day moving average price is $138.96. Intercontinental Hotels Group has a 52-week low of $109.79 and a 52-week high of $155.47.

Intercontinental Hotels Group Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, May 14th. Investors of record on Friday, April 10th were paid a $1.259 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a yield of 178.0%.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein lifted their target price on Intercontinental Hotels Group from $141.00 to $154.00 and gave the stock a “market perform” rating in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $154.00.

Intercontinental Hotels Group Company 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.