Segall Bryant & Hamill LLC Buys 13,199 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Segall Bryant & Hamill LLC lifted its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 18.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 83,500 shares of the company's stock after purchasing an additional 13,199 shares during the quarter. Segall Bryant & Hamill LLC owned 0.05% of InterContinental Hotels Group worth $10,431,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of InterContinental Hotels Group by 5.8% in the third quarter. FMR LLC now owns 6,387,525 shares of the company's stock worth $705,758,000 after buying an additional 351,723 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in InterContinental Hotels Group in the 4th quarter worth approximately $13,796,000. ABC Arbitrage SA bought a new position in InterContinental Hotels Group in the 4th quarter valued at $11,846,000. World Investment Advisors LLC bought a new position in shares of InterContinental Hotels Group in the third quarter worth $86,000. Finally, JPMorgan Chase & Co. increased its stake in InterContinental Hotels Group by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company's stock worth $35,388,000 after acquiring an additional 73,361 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company's stock.

Wall Street Analyst Weigh In

IHG has been the topic of a number of research analyst reports. Morgan Stanley lowered shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 8th. Citigroup assumed coverage on InterContinental Hotels Group in a research note on Monday, February 24th. They set a "sell" rating for the company. Finally, Sanford C. Bernstein upgraded InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".

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InterContinental Hotels Group Trading Up 0.1 %

Shares of IHG traded up $0.08 during mid-day trading on Monday, reaching $109.56. The company's stock had a trading volume of 261,256 shares, compared to its average volume of 177,173. InterContinental Hotels Group PLC has a 52 week low of $91.57 and a 52 week high of $137.25. The stock has a market cap of $17.23 billion, a PE ratio of 19.43, a P/E/G ratio of 1.69 and a beta of 1.33. The company's fifty day moving average price is $124.70 and its two-hundred day moving average price is $121.04.

InterContinental Hotels Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be paid a $1.144 dividend. The ex-dividend date is Friday, April 4th. This is an increase from InterContinental Hotels Group's previous semi-annual dividend of $0.53. This represents a yield of 1.4%. InterContinental Hotels Group's payout ratio is currently 39.36%.

InterContinental Hotels Group Company Profile

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.