D. E. Shaw & Co. Inc. Has $1.06 Million Stock Position in InterContinental Hotels Group PLC (NYSE:IHG)

D. E. Shaw & Co. Inc. lessened its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 79.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,455 shares of the company’s stock after selling 32,486 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in InterContinental Hotels Group were worth $1,056,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IHG. Entropy Technologies LP acquired a new position in shares of InterContinental Hotels Group in the 4th quarter worth approximately $262,000. Northern Trust Corp lifted its holdings in InterContinental Hotels Group by 61.0% in the fourth quarter. Northern Trust Corp now owns 146,274 shares of the company’s stock valued at $18,273,000 after buying an additional 55,404 shares during the period. Raymond James Financial Inc. acquired a new position in InterContinental Hotels Group in the fourth quarter valued at $13,796,000. Atria Wealth Solutions Inc. boosted its position in InterContinental Hotels Group by 40.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,545 shares of the company’s stock valued at $693,000 after acquiring an additional 1,606 shares during the last quarter. Finally, Wealthstar Advisors LLC acquired a new stake in InterContinental Hotels Group during the 4th quarter worth about $497,000. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IHG. Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group from a “sell” rating to a “hold” rating in a report on Monday, April 14th. Citigroup started coverage on InterContinental Hotels Group in a research note on Monday, February 24th. They set a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Performance

NYSE IHG opened at $117.49 on Friday. The company has a market capitalization of $18.28 billion, a P/E ratio of 20.83, a P/E/G ratio of 1.69 and a beta of 1.34. InterContinental Hotels Group PLC has a 52-week low of $91.57 and a 52-week high of $137.25. The company has a fifty day moving average of $109.87 and a 200-day moving average of $120.47.

InterContinental Hotels Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 4th were given a dividend of $1.144 per share. This represents a yield of 1.4%. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. The ex-dividend date was Friday, April 4th. InterContinental Hotels Group’s dividend payout ratio (DPR) is presently 39.36%.

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.