AdvisorShares Investments LLC Reduces Position in InterContinental Hotels Group PLC (NYSE:IHG)

AdvisorShares Investments LLC decreased its position in InterContinental Hotels Group PLC (NYSE:IHG) by 36.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 883 shares of the company’s stock after selling 500 shares during the period. AdvisorShares Investments LLC’s holdings in InterContinental Hotels Group were worth $110,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp grew its holdings in InterContinental Hotels Group by 61.0% in the 4th quarter. Northern Trust Corp now owns 146,274 shares of the company’s stock worth $18,273,000 after acquiring an additional 55,404 shares during the last quarter. Optiver Holding B.V. purchased a new stake in shares of InterContinental Hotels Group during the fourth quarter worth about $5,444,000. Aquatic Capital Management LLC grew its stake in shares of InterContinental Hotels Group by 4.3% in the fourth quarter. Aquatic Capital Management LLC now owns 9,389 shares of the company’s stock worth $1,173,000 after purchasing an additional 389 shares during the last quarter. Vulcan Value Partners LLC bought a new stake in shares of InterContinental Hotels Group in the fourth quarter worth about $339,000. Finally, Fayez Sarofim & Co increased its holdings in InterContinental Hotels Group by 14.3% during the 4th quarter. Fayez Sarofim & Co now owns 8,075 shares of the company’s stock valued at $1,009,000 after purchasing an additional 1,010 shares during the period. 15.09% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Price Performance

NYSE:IHG opened at $107.11 on Wednesday. InterContinental Hotels Group PLC has a 1-year low of $91.57 and a 1-year high of $137.25. The company has a market capitalization of $16.71 billion, a PE ratio of 18.99, a P/E/G ratio of 1.69 and a beta of 1.29. The firm’s 50-day moving average price is $110.94 and its 200-day moving average price is $119.90.

InterContinental Hotels Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, April 4th will be given a $1.144 dividend. 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 of this dividend is Friday, April 4th. InterContinental Hotels Group’s payout ratio is currently 39.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on IHG shares. Morgan Stanley cut InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Citigroup initiated coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They set a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research note on Monday, April 14th. Finally, Sanford C. Bernstein raised shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average 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.