Jane Street Group LLC Buys 6,995 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Jane Street Group LLC increased its holdings in InterContinental Hotels Group PLC (NYSE:IHG) by 163.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,264 shares of the company’s stock after purchasing an additional 6,995 shares during the quarter. Jane Street Group LLC’s holdings in InterContinental Hotels Group were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Independent Advisor Alliance raised its position in InterContinental Hotels Group by 0.8% in the 4th quarter. Independent Advisor Alliance now owns 9,674 shares of the company’s stock worth $1,209,000 after purchasing an additional 76 shares during the period. Denali Advisors LLC raised its position in InterContinental Hotels Group by 2.3% in the 4th quarter. Denali Advisors LLC now owns 3,870 shares of the company’s stock worth $483,000 after purchasing an additional 87 shares during the period. Farther Finance Advisors LLC raised its position in InterContinental Hotels Group by 67.3% in the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock worth $31,000 after purchasing an additional 101 shares during the period. Moors & Cabot Inc. raised its position in InterContinental Hotels Group by 3.2% in the 4th quarter. Moors & Cabot Inc. now owns 4,415 shares of the company’s stock worth $552,000 after purchasing an additional 136 shares during the period. Finally, Ballentine Partners LLC raised its position in InterContinental Hotels Group by 7.1% in the 4th quarter. Ballentine Partners LLC now owns 2,344 shares of the company’s stock worth $293,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IHG. Citigroup began coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They issued a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold”.

InterContinental Hotels Group Trading Down 1.3%

Shares of IHG opened at $120.92 on Tuesday. The firm’s 50-day moving average price is $109.43 and its 200-day moving average price is $120.42. The firm has a market capitalization of $18.81 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.69 and a beta of 1.34. 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 announced a semi-annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 4th were paid a dividend of $1.144 per share. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. The ex-dividend date of this dividend was Friday, April 4th. This represents a dividend yield of 1.4%. InterContinental Hotels Group’s payout ratio is presently 39.36%.

About InterContinental Hotels Group

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.