JPMorgan Chase & Co. Has $35.39 Million Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

JPMorgan Chase & Co. raised its holdings in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 29.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 320,286 shares of the company's stock after acquiring an additional 73,361 shares during the quarter. JPMorgan Chase & Co. owned 0.20% of InterContinental Hotels Group worth $35,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of InterContinental Hotels Group by 130.9% during the third quarter. Assetmark Inc. now owns 769 shares of the company's stock valued at $85,000 after purchasing an additional 436 shares during the last quarter. Transamerica Financial Advisors Inc. lifted its stake in InterContinental Hotels Group by 100,100.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 1,002 shares of the company's stock valued at $111,000 after buying an additional 1,001 shares in the last quarter. AdvisorShares Investments LLC boosted its holdings in shares of InterContinental Hotels Group by 73.0% in the second quarter. AdvisorShares Investments LLC now owns 1,583 shares of the company's stock worth $164,000 after buying an additional 668 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of InterContinental Hotels Group by 22.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company's stock worth $200,000 after acquiring an additional 330 shares in the last quarter. Finally, Townsquare Capital LLC acquired a new stake in shares of InterContinental Hotels Group during the third quarter valued at approximately $213,000. Institutional investors own 15.09% of the company's stock.

Analyst Upgrades and Downgrades

IHG has been the topic of several recent analyst reports. The Goldman Sachs Group raised shares of InterContinental Hotels Group from a "neutral" rating to a "buy" rating in a research note on Wednesday, September 18th. Barclays raised InterContinental Hotels Group from an "equal weight" rating to an "overweight" rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

InterContinental Hotels Group Stock Up 0.2 %

Shares of InterContinental Hotels Group stock traded up $0.30 on Tuesday, hitting $122.88. 69,328 shares of the company traded hands, compared to its average volume of 91,177. InterContinental Hotels Group PLC has a 12-month low of $90.62 and a 12-month high of $131.68. The company has a 50-day moving average price of $123.68 and a 200 day moving average price of $111.41. The company has a market cap of $19.48 billion, a PE ratio of 24.48, a PEG ratio of 1.88 and a beta of 1.32.

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.