Ritholtz Wealth Management Raises Stock Position in InterContinental Hotels Group PLC (NYSE:IHG)

Ritholtz Wealth Management raised its position in shares of InterContinental Hotels Group PLC (NYSE:IHGFree Report) by 78.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,884 shares of the company’s stock after purchasing an additional 3,893 shares during the period. Ritholtz Wealth Management’s holdings in InterContinental Hotels Group were worth $810,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in IHG. Natixis Advisors L.P. lifted its stake in InterContinental Hotels Group by 214.8% in the third quarter. Natixis Advisors L.P. now owns 576,718 shares of the company’s stock worth $43,110,000 after acquiring an additional 393,528 shares during the period. JPMorgan Chase & Co. lifted its position in shares of InterContinental Hotels Group by 6,374.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 182,787 shares of the company’s stock worth $13,663,000 after purchasing an additional 179,964 shares during the period. Morgan Stanley boosted its stake in shares of InterContinental Hotels Group by 23.3% during the third quarter. Morgan Stanley now owns 829,220 shares of the company’s stock valued at $61,984,000 after purchasing an additional 156,778 shares in the last quarter. Raymond James & Associates purchased a new position in InterContinental Hotels Group during the third quarter valued at approximately $7,666,000. Finally, Goldman Sachs Group Inc. raised its stake in InterContinental Hotels Group by 17.8% in the second quarter. Goldman Sachs Group Inc. now owns 615,685 shares of the company’s stock worth $43,375,000 after buying an additional 92,907 shares in the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

InterContinental Hotels Group Trading Down 0.9 %

NYSE:IHG opened at $105.66 on Friday. The company’s fifty day moving average price is $102.42 and its 200-day moving average price is $88.34. InterContinental Hotels Group PLC has a 1-year low of $64.63 and a 1-year high of $112.08.

InterContinental Hotels Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Friday, April 5th will be given a $1.04 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 1.4%. This is an increase from InterContinental Hotels Group’s previous semi-annual dividend of $0.48.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IHG shares. StockNews.com downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Sanford C. Bernstein lowered InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research note on Wednesday, March 13th. Jefferies Financial Group downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 13th. Finally, Societe Generale downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Read Our Latest Research Report on IHG

InterContinental Hotels Group Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding IHG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for InterContinental Hotels Group PLC (NYSE:IHGFree Report).

Institutional Ownership by Quarter for InterContinental Hotels Group (NYSE:IHG)

Receive News & Ratings for InterContinental Hotels Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for InterContinental Hotels Group and related companies with MarketBeat.com's FREE daily email newsletter.