Henry James International Management Inc. Cuts Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Henry James International Management Inc. decreased its position in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,198 shares of the company's stock after selling 6,248 shares during the period. InterContinental Hotels Group makes up approximately 4.4% of Henry James International Management Inc.'s holdings, making the stock its 3rd biggest position. Henry James International Management Inc. owned 0.07% of InterContinental Hotels Group worth $12,728,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IHG. Mediolanum International Funds Ltd bought a new stake in shares of InterContinental Hotels Group in the third quarter worth approximately $1,699,000. Allspring Global Investments Holdings LLC grew its position in InterContinental Hotels Group by 22.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,807 shares of the company's stock worth $200,000 after purchasing an additional 330 shares during the period. Blue Trust Inc. raised its stake in InterContinental Hotels Group by 61.1% during the 3rd quarter. Blue Trust Inc. now owns 3,708 shares of the company's stock valued at $393,000 after buying an additional 1,407 shares during the last quarter. Net Worth Advisory Group bought a new position in shares of InterContinental Hotels Group during the 3rd quarter valued at $241,000. Finally, Aaron Wealth Advisors LLC purchased a new position in shares of InterContinental Hotels Group in the 3rd quarter worth $214,000. 15.09% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Stock Performance

Shares of InterContinental Hotels Group stock traded down $0.65 on Monday, hitting $111.71. 121,668 shares of the company's stock were exchanged, compared to its average volume of 176,358. InterContinental Hotels Group PLC has a 1 year low of $72.13 and a 1 year high of $115.25. The company has a 50-day simple moving average of $107.77 and a 200-day simple moving average of $103.67. The stock has a market capitalization of $17.79 billion, a PE ratio of 22.80, a PEG ratio of 1.80 and a beta of 1.31.

InterContinental Hotels Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Shareholders of record on Friday, August 30th were given a $0.532 dividend. This is a positive change from InterContinental Hotels Group's previous Semi-Annual dividend of $0.30. This represents a dividend yield of 1.6%. The ex-dividend date was Friday, August 30th. InterContinental Hotels Group's dividend payout ratio is presently 21.63%.

Analyst Ratings Changes

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

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.