QRG Capital Management Inc. Has $1.44 Million Stock Holdings in Intercontinental Hotels Group $IHG

QRG Capital Management Inc. cut its stake in shares of Intercontinental Hotels Group (NYSE:IHG) by 36.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,191 shares of the company’s stock after selling 5,859 shares during the period. QRG Capital Management Inc.’s holdings in Intercontinental Hotels Group were worth $1,435,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. CCLA Investment Management acquired a new position in Intercontinental Hotels Group during the fourth quarter valued at approximately $114,306,000. Goldman Sachs Group Inc. boosted its position in Intercontinental Hotels Group by 2.5% during the first quarter. Goldman Sachs Group Inc. now owns 668,948 shares of the company’s stock valued at $73,310,000 after purchasing an additional 16,461 shares during the last quarter. Bank of America Corp DE boosted its position in Intercontinental Hotels Group by 0.8% during the third quarter. Bank of America Corp DE now owns 501,692 shares of the company’s stock valued at $60,835,000 after purchasing an additional 4,080 shares during the last quarter. Lazard Asset Management LLC boosted its position in Intercontinental Hotels Group by 29.5% during the third quarter. Lazard Asset Management LLC now owns 460,897 shares of the company’s stock valued at $55,888,000 after purchasing an additional 105,034 shares during the last quarter. Finally, Natixis Advisors LLC boosted its position in Intercontinental Hotels Group by 9.0% during the third quarter. Natixis Advisors LLC now owns 448,244 shares of the company’s stock valued at $54,354,000 after purchasing an additional 36,946 shares during the last quarter. 15.09% of the stock is owned by institutional investors and hedge funds.

Intercontinental Hotels Group Stock Performance

NYSE:IHG opened at $149.57 on Friday. The stock’s 50 day moving average price is $137.49 and its two-hundred day moving average price is $136.38. Intercontinental Hotels Group has a 12-month low of $109.79 and a 12-month high of $151.18.

Intercontinental Hotels Group Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 14th. Shareholders of record on Friday, April 10th will be paid a $1.259 dividend. The ex-dividend date is Friday, April 10th. This represents a yield of 178.0%.

Key Headlines Impacting Intercontinental Hotels Group

Here are the key news stories impacting Intercontinental Hotels Group this week:

• Positive Sentiment: IHG reported stronger-than-expected first-quarter growth, with room revenue and RevPAR beating estimates and management reaffirming its outlook. InterContinental Posts Global Room Revenue Rise, Sees Continued Growth Despite Middle East Conflict
• Positive Sentiment: The company said U.S. demand improved and China growth accelerated, reinforcing the case that travel trends are holding up despite regional disruptions. InterContinental Hotels confirms outlook as China growth accelerates
• Positive Sentiment: IHG’s buyback activity may also support the shares by signaling management confidence and reducing share count. InterContinental Hotels Group PLC Announces Transaction in Own Shares – May 08
• Neutral Sentiment: Management and commentary highlighted ongoing travel concerns, especially exposure to the Middle East conflict, which could limit near-term upside. IHG: Holiday Inn owner braces for 50 per cent Middle East hit
• Neutral Sentiment: IHG also announced another routine share repurchase transaction, which is supportive but not a major new development on its own. InterContinental Hotels Group PLC Announces Transaction in Own Shares – May 07
• Negative Sentiment: Investors are still watching whether broader travel concerns could pressure future bookings and margins, even after the strong quarter. InterContinental reports rising revenues, but travel concerns linger

Analysts Set New Price Targets

IHG has been the subject of several recent research reports. Berenberg Bank raised Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

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.