Citadel Advisors LLC Has $7.01 Million Stock Position in InterContinental Hotels Group PLC (NYSE:IHG)

Citadel Advisors LLC cut its position in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 70.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,089 shares of the company's stock after selling 134,554 shares during the period. Citadel Advisors LLC's holdings in InterContinental Hotels Group were worth $7,007,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of IHG. Richardson Financial Services Inc. bought a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC grew its position in InterContinental Hotels Group by 67.3% in the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock valued at $31,000 after acquiring an additional 101 shares during the period. SBI Securities Co. Ltd. acquired a new position in InterContinental Hotels Group during the fourth quarter worth $42,000. Venturi Wealth Management LLC acquired a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at $72,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of 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 purchasing an additional 461 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IHG has been the subject of several analyst reports. Citigroup started coverage on shares of InterContinental Hotels Group in a report on Monday, February 24th. They set a "sell" rating for the company. Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group from a "sell" rating to a "hold" rating in a report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold".

InterContinental Hotels Group Stock Performance

Shares of NYSE IHG traded up $0.03 during trading on Thursday, reaching $117.66. The company had a trading volume of 40,402 shares, compared to its average volume of 192,695. InterContinental Hotels Group PLC has a 52 week low of $91.57 and a 52 week high of $137.25. The business's 50 day moving average price is $109.69 and its 200-day moving average price is $120.40. The stock has a market cap of $18.30 billion, a PE ratio of 20.88, a PEG ratio of 1.69 and a beta of 1.34.

InterContinental Hotels Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 4th were given a $1.144 dividend. This represents a yield of 1.4%. The ex-dividend date of this dividend was Friday, April 4th. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.53. InterContinental Hotels Group's payout ratio is 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.