4,974 Intercontinental Hotels Group $IHG Shares Bought by Vise Technologies Inc.

Vise Technologies Inc. increased its stake in Intercontinental Hotels Group (NYSE:IHG) by 90.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,479 shares of the company’s stock after acquiring an additional 4,974 shares during the period. Vise Technologies Inc.’s holdings in Intercontinental Hotels Group were worth $1,685,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IHG. WPG Advisers LLC purchased a new stake in Intercontinental Hotels Group during the third quarter valued at about $31,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Intercontinental Hotels Group during the 2nd quarter worth about $82,000. Parallel Advisors LLC raised its stake in shares of Intercontinental Hotels Group by 14.7% in the 1st quarter. Parallel Advisors LLC now owns 1,353 shares of the company’s stock valued at $181,000 after acquiring an additional 173 shares during the period. Baron Wealth Management LLC purchased a new position in Intercontinental Hotels Group in the second quarter valued at about $236,000. Finally, Compound Planning Inc. lifted its position in Intercontinental Hotels Group by 5.4% during the 1st quarter. Compound Planning Inc. now owns 1,694 shares of the company’s stock worth $226,000 after acquiring an additional 87 shares in the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Hotels Group Trading Up 1.8%

NYSE:IHG traded up $3.11 during trading hours on Friday, reaching $178.67. 274,966 shares of the stock were exchanged, compared to its average volume of 254,893. The firm has a 50 day simple moving average of $161.99 and a 200-day simple moving average of $153.12. Intercontinental Hotels Group has a 52 week low of $124.51 and a 52 week high of $180.49.

Intercontinental Hotels Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, August 21st were issued a dividend of $0.6450 per share. This represents a dividend yield of 81.0%. This is a negative change from Intercontinental Hotels Group’s previous dividend of $1.2590. The ex-dividend date of this dividend was Friday, August 21st.

Wall Street Analysts Forecast Growth

IHG has been the subject of a number of analyst reports. UBS Group raised Intercontinental Hotels Group from a “neutral” rating to a “buy” rating and set a $188.00 price target for the company in a report on Wednesday, September 2nd. Zacks Research raised Intercontinental Hotels Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Friday, August 21st. Finally, Bank of America reissued a “buy” rating on shares of Intercontinental Hotels Group in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Hotels Group has an average rating of “Moderate Buy” and an average price target of $179.00.

About Intercontinental Hotels Group

InterContinental Hotels Group PLC (NYSE: IHG) is a global hospitality company that owns, manages, franchises and licenses a portfolio of hotel brands. Its brands include InterContinental, Regent, Six Senses, Kimpton, Crowne Plaza, voco, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, avid hotels and Garner.

IHG serves business and leisure travelers across a broad range of lodging segments, from luxury and lifestyle hotels to full-service, upscale, midscale and extended-stay accommodations.