Quantbot Technologies LP Acquires 295 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Quantbot Technologies LP lifted its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 2.1% during the fourth quarter, HoldingsChannel reports. The firm owned 14,382 shares of the company’s stock after purchasing an additional 295 shares during the quarter. Quantbot Technologies LP’s holdings in InterContinental Hotels Group were worth $1,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in IHG. Richardson Financial Services Inc. bought a new stake in shares of InterContinental Hotels Group during the 4th quarter worth $25,000. Farther Finance Advisors LLC raised its stake in shares of InterContinental Hotels Group by 67.3% during 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. SBI Securities Co. Ltd. bought a new stake in shares of InterContinental Hotels Group during the 4th quarter worth $42,000. Venturi Wealth Management LLC bought a new stake in shares of InterContinental Hotels Group during the 4th quarter worth $72,000. Finally, Smartleaf Asset Management LLC raised its stake in InterContinental Hotels Group by 419.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock valued at $72,000 after acquiring an additional 461 shares during the period. 15.09% of the stock is currently owned by institutional investors.

InterContinental Hotels Group Stock Down 2.7 %

IHG stock opened at $109.65 on Monday. The firm has a market capitalization of $17.26 billion, a PE ratio of 19.44, a PEG ratio of 1.69 and a beta of 1.33. InterContinental Hotels Group PLC has a twelve month low of $91.57 and a twelve month high of $137.25. The stock has a 50-day simple moving average of $126.41 and a two-hundred day simple moving average of $120.61.

InterContinental Hotels Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be issued a dividend of $1.144 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. InterContinental Hotels Group’s payout ratio is presently 39.36%.

Wall Street Analysts Forecast Growth

IHG has been the topic of a number of research reports. Citigroup initiated coverage on InterContinental Hotels Group in a research note on Monday, February 24th. They issued a “sell” rating on the stock. Sanford C. Bernstein upgraded InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Finally, Morgan Stanley cut InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

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.