Crossmark Global Holdings Inc. lowered its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 5.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,871 shares of the company’s stock after selling 1,816 shares during the period. Crossmark Global Holdings Inc.’s holdings in InterContinental Hotels Group were worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Citigroup Inc. raised its position in shares of InterContinental Hotels Group by 21.6% during the second quarter. Citigroup Inc. now owns 1,816 shares of the company’s stock valued at $100,000 after buying an additional 322 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of InterContinental Hotels Group by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 14,258 shares of the company’s stock valued at $792,000 after buying an additional 346 shares during the last quarter. US Bancorp DE raised its position in shares of InterContinental Hotels Group by 30.9% during the fourth quarter. US Bancorp DE now owns 3,332 shares of the company’s stock valued at $212,000 after buying an additional 786 shares during the last quarter. Bank of Montreal Can increased its position in InterContinental Hotels Group by 12.9% in the fourth quarter. Bank of Montreal Can now owns 8,120 shares of the company’s stock worth $516,000 after purchasing an additional 926 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in InterContinental Hotels Group by 16.3% in the second quarter. Ameriprise Financial Inc. now owns 7,785 shares of the company’s stock worth $432,000 after purchasing an additional 1,091 shares during the last quarter. Hedge funds and other institutional investors own 6.35% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Credit Suisse Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 1st. Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. ValuEngine upgraded shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Morgan Stanley upgraded shares of InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $59.13.

Shares of InterContinental Hotels Group PLC (NYSE:IHG) opened at $63.49 on Tuesday. InterContinental Hotels Group PLC has a 1 year low of $48.39 and a 1 year high of $69.23. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of -1.92.

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About InterContinental Hotels Group

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.

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

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