Arrowstreet Capital Limited Partnership boosted its position in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 241.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 127,798 shares of the company's stock after purchasing an additional 90,339 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.08% of InterContinental Hotels Group worth $15,965,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Independent Advisor Alliance raised its position in shares of InterContinental Hotels Group by 0.8% in the fourth quarter. Independent Advisor Alliance now owns 9,674 shares of the company's stock valued at $1,209,000 after buying an additional 76 shares during the last quarter. Denali Advisors LLC raised its holdings in InterContinental Hotels Group by 2.3% in the 4th quarter. Denali Advisors LLC now owns 3,870 shares of the company's stock valued at $483,000 after acquiring an additional 87 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of InterContinental Hotels Group by 67.3% during the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock worth $31,000 after purchasing an additional 101 shares during the period. Moors & Cabot Inc. lifted its stake in shares of InterContinental Hotels Group by 3.2% during the 4th quarter. Moors & Cabot Inc. now owns 4,415 shares of the company's stock worth $552,000 after purchasing an additional 136 shares during the period. Finally, Ballentine Partners LLC grew its position in shares of InterContinental Hotels Group by 7.1% in the fourth quarter. Ballentine Partners LLC now owns 2,344 shares of the company's stock valued at $293,000 after purchasing an additional 156 shares during the period. 15.09% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
IHG has been the topic of several recent analyst reports. Citigroup assumed coverage on InterContinental Hotels Group in a research report on Monday, February 24th. They set a "sell" rating on the stock. Morgan Stanley downgraded shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein raised shares of InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold".
Get Our Latest Research Report on InterContinental Hotels Group
InterContinental Hotels Group Stock Performance
InterContinental Hotels Group stock traded up $8.51 during midday trading on Wednesday, reaching $104.53. The stock had a trading volume of 531,968 shares, compared to its average volume of 184,584. The stock's 50-day simple moving average is $119.34 and its 200 day simple moving average is $120.61. InterContinental Hotels Group PLC has a twelve month low of $91.57 and a twelve month high of $137.25. The stock has a market capitalization of $16.43 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 1.69 and a beta of 1.29.
InterContinental Hotels Group Increases Dividend
The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be issued a $1.144 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.53. InterContinental Hotels Group's dividend payout ratio is currently 39.36%.
InterContinental Hotels Group Profile
(
Free Report)
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.
Featured Articles
Before you consider InterContinental Hotels Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and InterContinental Hotels Group wasn't on the list.
While InterContinental Hotels Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
