Corient Private Wealth LLC increased its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 10.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,891 shares of the company's stock after purchasing an additional 3,242 shares during the quarter. Corient Private Wealth LLC's holdings in InterContinental Hotels Group were worth $4,234,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new position in shares of InterContinental Hotels Group during the fourth quarter worth about $25,000. Farther Finance Advisors LLC lifted its stake in InterContinental Hotels Group by 67.3% in the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock worth $31,000 after acquiring an additional 101 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in InterContinental Hotels Group during the 4th quarter worth approximately $42,000. Venturi Wealth Management LLC purchased a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $72,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of InterContinental Hotels Group by 419.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock valued at $72,000 after purchasing an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 15.09% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on IHG shares. Citigroup started coverage on shares of InterContinental Hotels Group in a research note on Monday, February 24th. They set a "sell" rating for the company. Sanford C. Bernstein raised InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a report on Friday, January 10th. Finally, Morgan Stanley lowered InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".
View Our Latest Research Report on InterContinental Hotels Group
InterContinental Hotels Group Trading Up 0.3 %
NYSE:IHG traded up $0.37 during midday trading on Tuesday, hitting $111.25. 165,181 shares of the company were exchanged, compared to its average volume of 170,844. InterContinental Hotels Group PLC has a fifty-two week low of $91.57 and a fifty-two week high of $137.25. The company has a market capitalization of $17.52 billion, a PE ratio of 19.73, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a fifty day simple moving average of $125.92 and a 200 day simple moving average of $120.78.
InterContinental Hotels Group Increases Dividend
The company also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be given a $1.144 dividend. 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. This represents a dividend yield of 1.4%. InterContinental Hotels Group's dividend payout ratio is 39.36%.
InterContinental Hotels Group Company 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 Stories
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
