Landscape Capital Management L.L.C. Purchases New Position in InterContinental Hotels Group PLC (NYSE:IHG)

Landscape Capital Management L.L.C. acquired a new position in shares of InterContinental Hotels Group PLC (NYSE:IHG) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,170 shares of the company’s stock, valued at approximately $521,000.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in InterContinental Hotels Group by 29.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock worth $35,388,000 after purchasing an additional 73,361 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of InterContinental Hotels Group during the fourth quarter worth $262,000. World Investment Advisors LLC bought a new stake in shares of InterContinental Hotels Group in the third quarter valued at about $86,000. Jane Street Group LLC grew its stake in shares of InterContinental Hotels Group by 120.2% in the third quarter. Jane Street Group LLC now owns 4,269 shares of the company’s stock valued at $472,000 after acquiring an additional 2,330 shares in the last quarter. Finally, Stifel Financial Corp increased its position in InterContinental Hotels Group by 6.7% during the third quarter. Stifel Financial Corp now owns 17,581 shares of the company’s stock worth $1,943,000 after acquiring an additional 1,107 shares during the period. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Price Performance

NYSE IHG opened at $101.20 on Monday. The business has a fifty day moving average price of $122.76 and a two-hundred day moving average price of $121.10. The stock has a market capitalization of $15.91 billion, a PE ratio of 17.94, a PEG ratio of 1.69 and a beta of 1.29. InterContinental Hotels Group PLC has a fifty-two week low of $91.57 and a fifty-two week 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. Investors of record on Friday, April 4th will be paid a $1.144 dividend. The ex-dividend date is Friday, April 4th. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. This represents a yield of 1.4%. InterContinental Hotels Group’s dividend payout ratio (DPR) is 39.36%.

Analyst Ratings Changes

A number of research firms have issued reports on IHG. Citigroup initiated coverage on shares of InterContinental Hotels Group in a report on Monday, February 24th. They issued a “sell” rating for the company. Morgan Stanley lowered InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, InterContinental Hotels Group currently 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.