InterContinental Hotels Group PLC (NYSE:IHG) Position Increased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 86.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,392 shares of the company's stock after buying an additional 15,031 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in InterContinental Hotels Group were worth $3,579,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its stake in shares of InterContinental Hotels Group by 46.9% during the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company's stock valued at $35,000 after buying an additional 106 shares during the period. Bank of New York Mellon Corp grew its holdings in InterContinental Hotels Group by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company's stock valued at $1,337,000 after buying an additional 106 shares during the period. GAMMA Investing LLC increased its position in InterContinental Hotels Group by 15.5% during the second quarter. GAMMA Investing LLC now owns 1,008 shares of the company's stock worth $107,000 after purchasing an additional 135 shares during the last quarter. QRG Capital Management Inc. grew its stake in shares of InterContinental Hotels Group by 0.6% during the 3rd quarter. QRG Capital Management Inc. now owns 27,660 shares of the company's stock valued at $3,056,000 after buying an additional 152 shares during the period. Finally, Ballentine Partners LLC increased its holdings in shares of InterContinental Hotels Group by 7.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,303 shares of the company's stock worth $244,000 after buying an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of InterContinental Hotels Group from a "neutral" rating to a "buy" rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, InterContinental Hotels Group has an average rating of "Hold".

InterContinental Hotels Group Trading Down 1.4 %

Shares of NYSE IHG traded down $1.68 during trading on Tuesday, reaching $120.66. 25,562 shares of the stock were exchanged, compared to its average volume of 174,092. The business's 50-day moving average price is $109.89 and its 200 day moving average price is $104.43. InterContinental Hotels Group PLC has a twelve month low of $73.40 and a twelve month high of $122.34.

InterContinental Hotels Group Increases Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, August 30th were given a dividend of $0.532 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a dividend yield of 1.6%. This is an increase from InterContinental Hotels Group's previous Semi-Annual dividend of $0.30.

About InterContinental Hotels Group

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.