InterContinental Hotels Group PLC (NYSE:IHG) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in InterContinental Hotels Group PLC (NYSE:IHG) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 175,783 shares of the company’s stock after selling 805 shares during the quarter. Dimensional Fund Advisors LP owned about 0.11% of InterContinental Hotels Group worth $21,959,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in InterContinental Hotels Group in the fourth quarter worth approximately $13,796,000. ABC Arbitrage SA purchased a new position in shares of InterContinental Hotels Group during the 4th quarter worth $11,846,000. Arrowstreet Capital Limited Partnership increased its position in shares of InterContinental Hotels Group by 241.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 127,798 shares of the company’s stock worth $15,965,000 after purchasing an additional 90,339 shares during the last quarter. World Investment Advisors LLC purchased a new stake in InterContinental Hotels Group in the 3rd quarter valued at about $86,000. Finally, JPMorgan Chase & Co. lifted its position in InterContinental Hotels Group by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock valued at $35,388,000 after buying an additional 73,361 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Trading Down 0.4 %

Shares of IHG opened at $113.60 on Wednesday. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.69 and a beta of 1.34. The firm’s fifty day simple moving average is $109.64 and its 200-day simple moving average is $119.88. 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. Stockholders of record on Friday, April 4th will be given a dividend of $1.144 per share. This is a boost from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, April 4th. InterContinental Hotels Group’s dividend payout ratio is currently 39.36%.

Analyst Ratings Changes

IHG has been the topic of a number of research analyst reports. Citigroup began coverage on shares of InterContinental Hotels Group in a research note 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. Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group from a “sell” rating to a “hold” rating in a report on Monday, April 14th. Finally, Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.