Atria Wealth Solutions Inc. Has $380,000 Position in Intercontinental Hotels Group (NYSE:IHG)

Atria Wealth Solutions Inc. lowered its holdings in Intercontinental Hotels Group (NYSE:IHG) by 37.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,471 shares of the company’s stock after selling 2,074 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Intercontinental Hotels Group were worth $380,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Natixis Advisors LLC grew its position in Intercontinental Hotels Group by 2.8% in the 1st quarter. Natixis Advisors LLC now owns 717,617 shares of the company’s stock valued at $78,644,000 after purchasing an additional 19,467 shares during the period. Bank of America Corp DE grew its position in Intercontinental Hotels Group by 8.9% in the 4th quarter. Bank of America Corp DE now owns 430,323 shares of the company’s stock valued at $53,756,000 after purchasing an additional 35,003 shares during the period. Clark Capital Management Group Inc. grew its position in Intercontinental Hotels Group by 1.8% in the 4th quarter. Clark Capital Management Group Inc. now owns 373,139 shares of the company’s stock valued at $46,613,000 after purchasing an additional 6,709 shares during the period. GAMMA Investing LLC boosted its holdings in Intercontinental Hotels Group by 9,964.5% during the 1st quarter. GAMMA Investing LLC now owns 146,741 shares of the company’s stock worth $160,810,000 after acquiring an additional 145,283 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Intercontinental Hotels Group by 61.0% during the 4th quarter. Northern Trust Corp now owns 146,274 shares of the company’s stock worth $18,273,000 after acquiring an additional 55,404 shares during the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

Intercontinental Hotels Group Price Performance

IHG opened at $120.40 on Friday. The company has a market capitalization of $18.58 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 1.73 and a beta of 1.33. The firm’s fifty day moving average price is $116.99 and its two-hundred day moving average price is $117.06. Intercontinental Hotels Group has a 1 year low of $94.78 and a 1 year high of $137.25.

Intercontinental Hotels Group Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Friday, August 22nd will be paid a dividend of $0.566 per share. This represents a dividend yield of 140.0%. The ex-dividend date is Friday, August 22nd. Intercontinental Hotels Group’s payout ratio is presently 39.54%.

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.