Jones Financial Companies Lllp Buys 816 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Jones Financial Companies Lllp raised its stake in InterContinental Hotels Group PLC (NYSE:IHG) by 123.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,476 shares of the company’s stock after buying an additional 816 shares during the quarter. Jones Financial Companies Lllp’s holdings in InterContinental Hotels Group were worth $184,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IHG. FMR LLC lifted its position 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 purchasing an additional 351,723 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 purchasing an additional 73,361 shares in the last quarter. ABC Arbitrage SA bought a new stake in shares of InterContinental Hotels Group in the fourth quarter worth $11,846,000. World Investment Advisors LLC bought a new stake in shares of InterContinental Hotels Group in the third quarter worth $86,000. Finally, Quantinno Capital Management LP lifted its position in shares of InterContinental Hotels Group by 4.9% in the third quarter. Quantinno Capital Management LP now owns 30,277 shares of the company’s stock worth $3,345,000 after purchasing an additional 1,418 shares in the last quarter. 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 reports. Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Citigroup assumed coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They issued a “sell” rating on the stock. Sanford C. Bernstein raised shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Finally, Barclays raised shares of InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

InterContinental Hotels Group Trading Up 2.1 %

NYSE IHG opened at $113.69 on Friday. The firm has a market capitalization of $17.98 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The firm’s fifty day moving average price is $127.42 and its two-hundred day moving average price is $119.88. InterContinental Hotels Group PLC has a 1 year low of $91.57 and a 1 year high of $137.25.

InterContinental Hotels Group Increases Dividend

The business also recently disclosed 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. 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. This represents a dividend yield of 1.4%. InterContinental Hotels Group’s dividend payout ratio is presently 18.79%.

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.