Orion Portfolio Solutions LLC Increases Position in InterContinental Hotels Group PLC (NYSE:IHG)

Orion Portfolio Solutions LLC boosted its position in InterContinental Hotels Group PLC (NYSE:IHG) by 21.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,886 shares of the company’s stock after acquiring an additional 2,650 shares during the period. Orion Portfolio Solutions LLC’s holdings in InterContinental Hotels Group were worth $1,859,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of IHG. Richardson Financial Services Inc. purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at $25,000. Farther Finance Advisors LLC grew its holdings in InterContinental Hotels Group by 67.3% in the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock valued at $31,000 after buying an additional 101 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of InterContinental Hotels Group during the 4th quarter valued at about $42,000. Venturi Wealth Management LLC purchased a new position in shares of InterContinental Hotels Group during the 4th quarter worth about $72,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of InterContinental Hotels Group by 419.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock worth $72,000 after acquiring an additional 461 shares during the last quarter. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IHG. 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. Citigroup started coverage on InterContinental Hotels Group in a research report on Monday, February 24th. They issued a “sell” rating on the stock. Finally, Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

InterContinental Hotels Group Stock Up 1.6 %

IHG opened at $111.27 on Thursday. InterContinental Hotels Group PLC has a 52-week low of $91.57 and a 52-week high of $137.25. The company has a 50 day moving average of $123.91 and a two-hundred day moving average of $121.01. The company has a market cap of $17.50 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.69 and a beta of 1.33.

InterContinental Hotels Group Increases Dividend

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