Natixis Advisors LLC increased its position in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 698,150 shares of the company's stock after acquiring an additional 8,067 shares during the quarter. Natixis Advisors LLC owned about 0.44% of InterContinental Hotels Group worth $87,213,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of IHG. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at about $2,071,000. Farther Finance Advisors LLC increased its position in InterContinental Hotels Group by 67.3% in the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock worth $31,000 after buying an additional 101 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of InterContinental Hotels Group during the fourth quarter worth approximately $204,000. Moors & Cabot Inc. boosted its position in shares of InterContinental Hotels Group by 3.2% in the fourth quarter. Moors & Cabot Inc. now owns 4,415 shares of the company's stock valued at $552,000 after acquiring an additional 136 shares during the period. Finally, Independent Advisor Alliance grew its stake in shares of InterContinental Hotels Group by 0.8% in the fourth quarter. Independent Advisor Alliance now owns 9,674 shares of the company's stock worth $1,209,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 15.09% of the company's stock.
InterContinental Hotels Group Stock Down 0.2 %
InterContinental Hotels Group stock traded down $0.23 on Thursday, hitting $112.63. The company's stock had a trading volume of 225,460 shares, compared to its average volume of 211,586. InterContinental Hotels Group PLC has a one year low of $91.57 and a one year high of $137.25. The firm has a market cap of $17.73 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a fifty day moving average price of $126.86 and a 200-day moving average price of $120.29.
InterContinental Hotels Group Increases Dividend
The firm also recently declared 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 positive change from InterContinental Hotels Group's previous semi-annual dividend of $0.53. InterContinental Hotels Group's dividend payout ratio is 39.36%.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. Citigroup started coverage on shares of InterContinental Hotels Group in a report on Monday, February 24th. They issued a "sell" rating for the company. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research note on Friday, January 10th. Finally, Morgan Stanley lowered InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold".
View Our Latest Report on InterContinental Hotels Group
InterContinental Hotels Group 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.
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