InterContinental Hotels Group PLC (NYSE:IHG) Position Decreased by Marietta Investment Partners LLC

Marietta Investment Partners LLC decreased its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,429 shares of the company’s stock after selling 911 shares during the period. Marietta Investment Partners LLC’s holdings in InterContinental Hotels Group were worth $3,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. FMR LLC boosted 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 during the period. Natixis Advisors LLC boosted its holdings in shares of InterContinental Hotels Group by 1.2% in the fourth quarter. Natixis Advisors LLC now owns 698,150 shares of the company’s stock worth $87,213,000 after buying an additional 8,067 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of InterContinental Hotels Group by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock worth $35,388,000 after buying an additional 73,361 shares during the period. Raymond James Financial Inc. acquired a new position in shares of InterContinental Hotels Group in the fourth quarter worth about $13,796,000. Finally, ABC Arbitrage SA acquired a new position in shares of InterContinental Hotels Group in the fourth quarter worth about $11,846,000. Institutional investors own 15.09% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on IHG shares. 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 report on Friday, January 10th. Finally, Morgan Stanley cut shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

InterContinental Hotels Group Stock Performance

Shares of IHG opened at $109.65 on Friday. The firm has a market cap of $17.26 billion, a PE ratio of 19.44, a PEG ratio of 1.69 and a beta of 1.33. The firm’s 50 day moving average price is $126.41 and its 200 day moving average price is $120.30. InterContinental Hotels Group PLC has a twelve month low of $91.57 and a twelve month high of $137.25.

InterContinental Hotels Group Increases Dividend

The firm 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 dividend of $1.144 per share. 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 (DPR) is presently 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.