InterContinental Hotels Group PLC (NYSE:IHG) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 10.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 48,088 shares of the company's stock after selling 5,533 shares during the period. BNP Paribas Financial Markets' holdings in InterContinental Hotels Group were worth $6,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Entropy Technologies LP purchased a new position in shares of InterContinental Hotels Group during the 4th quarter worth $262,000. Northern Trust Corp increased its stake 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 purchasing an additional 55,404 shares during the last quarter. Raymond James Financial Inc. purchased a new position in InterContinental Hotels Group during the fourth quarter worth about $13,796,000. Atria Wealth Solutions Inc. boosted its stake in InterContinental Hotels Group by 40.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 5,545 shares of the company's stock worth $693,000 after buying an additional 1,606 shares during the last quarter. Finally, Wealthstar Advisors LLC purchased a new stake in InterContinental Hotels Group in the 4th quarter valued at about $497,000. Hedge funds and other institutional investors own 15.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on IHG shares. Deutsche Bank Aktiengesellschaft raised shares of InterContinental Hotels Group from a "sell" rating to a "hold" rating in a research report on Monday, April 14th. Citigroup began coverage on shares of InterContinental Hotels Group in a research note on Monday, February 24th. They set a "sell" rating for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

InterContinental Hotels Group Price Performance

NYSE IHG traded down $0.21 during mid-day trading on Friday, hitting $122.47. The company's stock had a trading volume of 233,307 shares, compared to its average volume of 191,261. The firm has a market capitalization of $19.05 billion, a P/E ratio of 21.71, a price-to-earnings-growth 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 stock's fifty day simple moving average is $109.14 and its two-hundred day simple moving average is $120.18.

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 issued a $1.144 dividend. This is an increase from InterContinental Hotels Group's previous semi-annual dividend of $0.53. This represents a yield of 1.4%. The ex-dividend date of this dividend was Friday, April 4th. InterContinental Hotels Group's dividend payout ratio is currently 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.