Sanctuary Advisors LLC Purchases Shares of 2,268 InterContinental Hotels Group PLC (NYSE:IHG)

Sanctuary Advisors LLC acquired a new stake in InterContinental Hotels Group PLC (NYSE:IHG) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,268 shares of the company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Creative Planning boosted its stake in shares of InterContinental Hotels Group by 3.3% in the second quarter. Creative Planning now owns 22,756 shares of the company’s stock valued at $2,411,000 after purchasing an additional 723 shares during the period. AQR Capital Management LLC boosted its stake in shares of InterContinental Hotels Group by 8.7% in the second quarter. AQR Capital Management LLC now owns 6,699 shares of the company’s stock valued at $710,000 after purchasing an additional 538 shares during the period. Squarepoint Ops LLC purchased a new position in shares of InterContinental Hotels Group in the second quarter valued at approximately $1,148,000. Marietta Investment Partners LLC boosted its stake in shares of InterContinental Hotels Group by 7.3% in the second quarter. Marietta Investment Partners LLC now owns 27,340 shares of the company’s stock valued at $2,897,000 after purchasing an additional 1,850 shares during the period. Finally, Bank of Montreal Can purchased a new position in InterContinental Hotels Group in the second quarter worth approximately $3,892,000. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, InterContinental Hotels Group presently has an average rating of “Hold”.

InterContinental Hotels Group Stock Up 0.3 %

Shares of InterContinental Hotels Group stock opened at $113.75 on Friday. InterContinental Hotels Group PLC has a 52-week low of $70.06 and a 52-week high of $114.20. The company has a 50 day moving average of $104.54 and a 200 day moving average of $102.77. The company has a market capitalization of $18.38 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.73 and a beta of 1.32.

InterContinental Hotels Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, August 30th were given a dividend of $0.532 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. InterContinental Hotels Group’s payout ratio is currently 21.54%.

InterContinental Hotels Group 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.