Goldman Sachs Group Inc. Grows Holdings in Intercontinental Hotels Group $IHG

Goldman Sachs Group Inc. grew its stake in Intercontinental Hotels Group (NYSE:IHG) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 710,121 shares of the company’s stock after acquiring an additional 9,235 shares during the period. Goldman Sachs Group Inc.’s holdings in Intercontinental Hotels Group were worth $100,006,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in IHG. CCLA Investment Management purchased a new stake in shares of Intercontinental Hotels Group in the 4th quarter valued at approximately $114,306,000. CIBC Bancorp USA Inc. purchased a new stake in shares of Intercontinental Hotels Group in the 3rd quarter valued at approximately $42,374,000. Lazard Asset Management LLC raised its stake in shares of Intercontinental Hotels Group by 98.4% in the 2nd quarter. Lazard Asset Management LLC now owns 355,863 shares of the company’s stock valued at $41,044,000 after acquiring an additional 176,502 shares during the period. Marshall Wace LLP grew its holdings in shares of Intercontinental Hotels Group by 63.1% in the third quarter. Marshall Wace LLP now owns 281,557 shares of the company’s stock valued at $34,142,000 after purchasing an additional 108,935 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Intercontinental Hotels Group by 79.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 240,639 shares of the company’s stock valued at $29,180,000 after purchasing an additional 106,806 shares in the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Hotels Group Stock Performance

Shares of Intercontinental Hotels Group stock opened at $162.77 on Wednesday. The company has a fifty day simple moving average of $147.35 and a 200-day simple moving average of $141.11. Intercontinental Hotels Group has a 12-month low of $109.79 and a 12-month high of $165.63.

Analyst Ratings Changes

IHG has been the subject of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Tuesday, May 26th. Sanford C. Bernstein lifted their price objective on shares of Intercontinental Hotels Group from $141.00 to $154.00 and gave the company a “market perform” rating in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.