FMR LLC decreased its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,347,835 shares of the company's stock after selling 39,690 shares during the period. FMR LLC owned 4.01% of InterContinental Hotels Group worth $792,972,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in IHG. Richardson Financial Services Inc. purchased a new position in InterContinental Hotels Group in the 4th quarter valued at about $25,000. 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. SBI Securities Co. Ltd. acquired a new position in InterContinental Hotels Group in the fourth quarter valued at $42,000. Smartleaf Asset Management LLC boosted its stake in InterContinental Hotels Group by 419.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock worth $72,000 after buying an additional 461 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in shares of InterContinental Hotels Group in the fourth quarter worth approximately $72,000. 15.09% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on IHG shares. Sanford C. Bernstein raised InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research report on Friday, January 10th. Morgan Stanley lowered shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 8th. Finally, Citigroup started coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They issued a "sell" rating for the company. Two equities research 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold".
Read Our Latest Analysis on InterContinental Hotels Group
InterContinental Hotels Group Trading Up 0.9 %
NYSE:IHG traded up $0.94 during trading hours on Friday, hitting $103.96. The stock had a trading volume of 248,377 shares, compared to its average volume of 185,768. The company has a market cap of $16.34 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.69 and a beta of 1.29. The business has a 50 day simple moving average of $118.12 and a two-hundred day simple moving average of $120.56. InterContinental Hotels Group PLC has a 1-year low of $91.57 and a 1-year high of $137.25.
InterContinental Hotels Group Increases Dividend
The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be paid a dividend of $1.144 per share. The ex-dividend date is Friday, April 4th. This is an increase 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 (DPR) is currently 39.36%.
About InterContinental Hotels Group
(
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
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
