LPL Financial LLC trimmed its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,095 shares of the company's stock after selling 10,596 shares during the quarter. LPL Financial LLC's holdings in InterContinental Hotels Group were worth $5,383,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Richardson Financial Services Inc. acquired a new stake in shares of InterContinental Hotels Group during the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC lifted 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 purchasing an additional 101 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at $42,000. Venturi Wealth Management LLC bought a new position in shares of InterContinental Hotels Group in the 4th quarter valued at $72,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of InterContinental Hotels Group by 419.1% during 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 in the last quarter. Institutional investors and hedge funds own 15.09% of the company's stock.
Wall Street Analyst Weigh In
Several 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 note on Friday, January 10th. Citigroup started coverage on shares of InterContinental Hotels Group in a report on Monday, February 24th. They issued a "sell" rating for the company. Finally, Morgan Stanley lowered shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, InterContinental Hotels Group presently has a consensus rating of "Hold".
View Our Latest Stock Analysis on IHG
InterContinental Hotels Group Price Performance
Shares of NYSE IHG traded up $0.94 during mid-day trading on Friday, hitting $103.96. 248,377 shares of the stock traded hands, compared to its average volume of 185,768. InterContinental Hotels Group PLC has a twelve month low of $91.57 and a twelve month high of $137.25. The firm has a 50 day simple moving average of $118.12 and a two-hundred day simple moving average of $120.56. 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.
InterContinental Hotels Group Increases Dividend
The company also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be issued a dividend of $1.144 per share. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.53. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, April 4th. InterContinental Hotels Group's payout ratio is 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.
Further Reading
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