Allspring Global Investments Holdings LLC Has $200,000 Stake in InterContinental Hotels Group PLC (NYSE:IHG)

Allspring Global Investments Holdings LLC raised its position in InterContinental Hotels Group PLC (NYSE:IHG) by 22.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,807 shares of the company’s stock after acquiring an additional 330 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in InterContinental Hotels Group were worth $200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in IHG. Russell Investments Group Ltd. grew its stake in shares of InterContinental Hotels Group by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after acquiring an additional 106 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of InterContinental Hotels Group by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock worth $1,337,000 after acquiring an additional 106 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of InterContinental Hotels Group by 15.5% during the second quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock worth $107,000 after buying an additional 135 shares in the last quarter. Ballentine Partners LLC boosted its stake in shares of InterContinental Hotels Group by 7.2% during the second quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock valued at $244,000 after purchasing an additional 154 shares in the last quarter. Finally, Mitchell & Pahl Private Wealth LLC grew its holdings in InterContinental Hotels Group by 1.6% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 11,485 shares of the company’s stock worth $1,269,000 after acquiring an additional 177 shares during the last quarter. 15.09% of the stock is currently owned by institutional investors.

InterContinental Hotels Group Price Performance

Shares of InterContinental Hotels Group stock opened at $112.36 on Monday. The stock has a 50 day moving average price of $107.77 and a two-hundred day moving average price of $103.62. InterContinental Hotels Group PLC has a 52 week low of $71.01 and a 52 week high of $115.25.

InterContinental Hotels Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, August 30th were given a $0.532 dividend. This is a positive change from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. This represents a yield of 1.6%. The ex-dividend date was Friday, August 30th.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

InterContinental Hotels Group Company Profile

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.