SBI Securities Co. Ltd. Purchases Shares of 335 InterContinental Hotels Group PLC (NYSE:IHG)

SBI Securities Co. Ltd. bought a new position in InterContinental Hotels Group PLC (NYSE:IHG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 335 shares of the company’s stock, valued at approximately $42,000.

Several other large investors have also made changes to their positions in IHG. Assetmark Inc. lifted its position in InterContinental Hotels Group by 130.9% during the 3rd quarter. Assetmark Inc. now owns 769 shares of the company’s stock worth $85,000 after buying an additional 436 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in InterContinental Hotels Group by 86.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 32,392 shares of the company’s stock worth $3,579,000 after purchasing an additional 15,031 shares in the last quarter. MQS Management LLC bought a new position in shares of InterContinental Hotels Group during the 3rd quarter worth approximately $399,000. King Luther Capital Management Corp grew its stake in shares of InterContinental Hotels Group by 13.7% during the 3rd quarter. King Luther Capital Management Corp now owns 2,449 shares of the company’s stock worth $271,000 after acquiring an additional 296 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its holdings in shares of InterContinental Hotels Group by 13.8% in the 3rd quarter. Meridian Wealth Management LLC now owns 2,371 shares of the company’s stock valued at $262,000 after buying an additional 288 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Price Performance

InterContinental Hotels Group stock opened at $114.99 on Wednesday. The stock’s 50 day moving average is $128.07 and its 200 day moving average is $119.88. The firm has a market cap of $18.19 billion, a P/E ratio of 20.39, a P/E/G ratio of 1.69 and a beta of 1.33. InterContinental Hotels Group PLC has a one year low of $91.57 and a one year high of $137.25.

Analysts Set New Price Targets

Several brokerages have issued reports on IHG. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. Sanford C. Bernstein upgraded InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Morgan Stanley cut InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Finally, Citigroup began coverage on InterContinental Hotels Group in a research note on Monday, February 24th. They set a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

About InterContinental Hotels Group

InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels under the Six Senses, Regent, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo, voco, HUALUXE, Crowne Plaza, Iberostar Beachfront Resorts, EVEN, Holiday Inn Express, Holiday Inn, Garner, avid hotels, Atwell Suites, Staybridge Suites, Iberostar Beachfront Resorts, Holiday Inn Club Vacations, and Candlewood Suites brand names.