Transamerica Financial Advisors Inc. Purchases 1,001 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Transamerica Financial Advisors Inc. increased its position in InterContinental Hotels Group PLC (NYSE:IHG) by 100,100.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,002 shares of the company’s stock after purchasing an additional 1,001 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in InterContinental Hotels Group were worth $111,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in InterContinental Hotels Group by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock worth $35,000 after purchasing an additional 106 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in InterContinental Hotels Group by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock worth $1,337,000 after buying an additional 106 shares during the period. GAMMA Investing LLC lifted its holdings in 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 during the period. QRG Capital Management Inc. lifted its holdings in InterContinental Hotels Group by 0.6% during the third quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock worth $3,056,000 after buying an additional 152 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in InterContinental Hotels Group by 7.2% during the second quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock worth $244,000 after buying an additional 154 shares during the period. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Price Performance

InterContinental Hotels Group stock opened at $126.01 on Thursday. InterContinental Hotels Group PLC has a 1-year low of $77.84 and a 1-year high of $126.94. The business has a fifty day moving average price of $114.64 and a 200-day moving average price of $106.24.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a report on Wednesday, September 18th. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, InterContinental Hotels Group has a consensus rating of “Hold”.

InterContinental Hotels Group 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.