Landscape Capital Management L.L.C. acquired a new stake in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,170 shares of the company's stock, valued at approximately $521,000.
A number of other large investors have also modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in shares of InterContinental Hotels Group in the 4th quarter worth approximately $25,000. Farther Finance Advisors LLC raised 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 acquiring an additional 101 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of InterContinental Hotels Group during the fourth quarter valued at $42,000. Venturi Wealth Management LLC bought a new position in shares of InterContinental Hotels Group during the fourth quarter valued at $72,000. Finally, Smartleaf Asset Management LLC boosted its stake 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. 15.09% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
IHG has been the subject of several analyst reports. Sanford C. Bernstein raised shares of InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a report on Friday, January 10th. Citigroup started coverage on shares of InterContinental Hotels Group in a research note on Monday, February 24th. They issued a "sell" rating for the company. Finally, Morgan Stanley cut InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 8th. Two 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.com, the stock has a consensus rating of "Hold".
View Our Latest Research Report on InterContinental Hotels Group
InterContinental Hotels Group Stock Performance
IHG traded down $0.08 during midday trading on Friday, hitting $102.94. The company had a trading volume of 109,177 shares, compared to its average volume of 184,843. InterContinental Hotels Group PLC has a twelve month low of $91.57 and a twelve month high of $137.25. The firm's 50-day simple moving average is $118.71 and its 200-day simple moving average is $120.55. The company has a market capitalization of $16.18 billion, a PE ratio of 18.25, a P/E/G ratio of 1.69 and a beta of 1.29.
InterContinental Hotels Group Increases Dividend
The business also recently disclosed 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. This represents a yield of 1.4%. The ex-dividend date is Friday, April 4th. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.53. InterContinental Hotels Group's payout ratio is 39.36%.
InterContinental Hotels Group 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.
Further Reading
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