Atria Wealth Solutions Inc. Has $601,000 Holdings in Intercontinental Hotels Group $IHG

Atria Wealth Solutions Inc. grew its stake in shares of Intercontinental Hotels Group (NYSE:IHG) by 50.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,215 shares of the company’s stock after acquiring an additional 1,744 shares during the period. Atria Wealth Solutions Inc.’s holdings in Intercontinental Hotels Group were worth $601,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC lifted its position in Intercontinental Hotels Group by 4.5% during the first quarter. Aaron Wealth Advisors LLC now owns 2,245 shares of the company’s stock worth $246,000 after acquiring an additional 96 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Intercontinental Hotels Group by 4.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,092 shares of the company’s stock worth $232,000 after acquiring an additional 96 shares during the last quarter. TD Private Client Wealth LLC lifted its position in Intercontinental Hotels Group by 48.7% during the first quarter. TD Private Client Wealth LLC now owns 348 shares of the company’s stock worth $38,000 after acquiring an additional 114 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Intercontinental Hotels Group by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 228 shares of the company’s stock worth $25,000 after acquiring an additional 114 shares during the last quarter. Finally, Freedom Investment Management Inc. lifted its position in Intercontinental Hotels Group by 4.4% during the first quarter. Freedom Investment Management Inc. now owns 3,929 shares of the company’s stock worth $431,000 after acquiring an additional 166 shares during the last quarter. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IHG has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a research report on Friday, September 26th. Morgan Stanley raised shares of Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, October 1st. Wall Street Zen raised shares of Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Intercontinental Hotels Group Price Performance

Shares of NYSE:IHG opened at $120.69 on Friday. The company’s 50 day simple moving average is $121.36 and its 200 day simple moving average is $116.39. The stock has a market capitalization of $18.42 billion, a price-to-earnings ratio of 21.40, a price-to-earnings-growth ratio of 1.74 and a beta of 1.24. Intercontinental Hotels Group has a 1 year low of $94.78 and a 1 year high of $137.25.

Intercontinental Hotels Group Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, August 22nd were paid a $0.566 dividend. This represents a yield of 140.0%. The ex-dividend date of this dividend was Friday, August 22nd. Intercontinental Hotels Group’s dividend payout ratio (DPR) is 20.04%.

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.