Corient Private Wealth LLC boosted its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,891 shares of the company's stock after purchasing an additional 3,242 shares during the period. Corient Private Wealth LLC's holdings in InterContinental Hotels Group were worth $4,234,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Richardson Financial Services Inc. bought a new stake in shares of InterContinental Hotels Group in the 4th quarter worth about $25,000. Farther Finance Advisors LLC grew its stake in InterContinental Hotels Group by 67.3% during the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock worth $31,000 after buying an additional 101 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of InterContinental Hotels Group during the fourth quarter worth approximately $42,000. Smartleaf Asset Management LLC raised its stake in shares of InterContinental Hotels Group by 419.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock valued at $72,000 after acquiring an additional 461 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of InterContinental Hotels Group in the 4th quarter worth approximately $72,000. Institutional investors own 15.09% of the company's stock.
InterContinental Hotels Group Price Performance
Shares of IHG stock traded down $0.31 on Wednesday, reaching $111.13. 108,577 shares of the stock were exchanged, compared to its average volume of 170,523. InterContinental Hotels Group PLC has a one year low of $91.57 and a one year high of $137.25. The stock has a market cap of $17.50 billion, a PE ratio of 19.70, a P/E/G ratio of 1.69 and a beta of 1.33. The stock has a 50 day moving average price of $125.92 and a 200 day moving average price of $120.78.
InterContinental Hotels Group Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be given a dividend of $1.144 per share. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.53. The ex-dividend date of this dividend is Friday, April 4th. This represents a dividend yield of 1.4%. InterContinental Hotels Group's payout ratio is currently 39.36%.
Analyst Ratings Changes
Several brokerages have issued reports on IHG. Sanford C. Bernstein upgraded InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research report on Friday, January 10th. Citigroup assumed coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They set a "sell" rating on the stock. Finally, Morgan Stanley cut shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold".
View Our Latest Report on IHG
InterContinental Hotels Group Company Profile
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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.
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