Northern Trust Corp decreased its holdings in shares of Intercontinental Hotels Group (NYSE:IHG) by 3.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,131 shares of the company’s stock after selling 6,920 shares during the quarter. Northern Trust Corp owned about 0.10% of Intercontinental Hotels Group worth $10,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Intercontinental Hotels Group by 2.2% during the 1st quarter. JPMorgan Chase & Co. now owns 21,960 shares of the company’s stock valued at $1,075,000 after acquiring an additional 482 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Intercontinental Hotels Group by 9.0% during the 1st quarter. Ameriprise Financial Inc. now owns 6,694 shares of the company’s stock valued at $328,000 after acquiring an additional 553 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Intercontinental Hotels Group by 14.5% during the 1st quarter. Bank of New York Mellon Corp now owns 13,912 shares of the company’s stock valued at $680,000 after acquiring an additional 1,766 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Intercontinental Hotels Group by 3.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 63,581 shares of the company’s stock valued at $3,111,000 after acquiring an additional 2,333 shares in the last quarter. Finally, Greenleaf Trust lifted its holdings in shares of Intercontinental Hotels Group by 31.3% during the 2nd quarter. Greenleaf Trust now owns 6,854 shares of the company’s stock valued at $381,000 after acquiring an additional 1,633 shares in the last quarter. Institutional investors and hedge funds own 6.64% of the company’s stock.

Shares of Intercontinental Hotels Group (NYSE IHG) opened at $57.41 on Tuesday. Intercontinental Hotels Group has a 1 year low of $39.82 and a 1 year high of $57.80. The company has a debt-to-equity ratio of -1.92, a quick ratio of 0.72 and a current ratio of 0.73.

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A number of equities analysts have commented on the stock. Credit Suisse Group upgraded shares of Intercontinental Hotels Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Intercontinental Hotels Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. BidaskClub lowered shares of Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Bank of America Corporation boosted their price objective on shares of Intercontinental Hotels Group from $60.50 to $62.38 and gave the stock a “buy” rating in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $52.60.

Intercontinental Hotels Group Company Profile

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

Institutional Ownership by Quarter for Intercontinental Hotels Group (NYSE:IHG)

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