Ethic Inc. Sells 3,129 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Ethic Inc. reduced its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 25.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,960 shares of the company's stock after selling 3,129 shares during the period. Ethic Inc.'s holdings in InterContinental Hotels Group were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC raised its holdings in shares of InterContinental Hotels Group by 24.4% during the fourth quarter. Park Avenue Securities LLC now owns 10,307 shares of the company's stock valued at $1,288,000 after acquiring an additional 2,020 shares during the last quarter. Ritholtz Wealth Management lifted its position in shares of InterContinental Hotels Group by 4.2% during the 4th quarter. Ritholtz Wealth Management now owns 13,107 shares of the company's stock worth $1,637,000 after purchasing an additional 524 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of InterContinental Hotels Group by 11.2% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,149 shares of the company's stock valued at $268,000 after acquiring an additional 216 shares during the period. Ballentine Partners LLC grew its holdings in shares of InterContinental Hotels Group by 7.1% during the fourth quarter. Ballentine Partners LLC now owns 2,344 shares of the company's stock worth $293,000 after buying an additional 156 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC increased its holdings in shares of InterContinental Hotels Group by 1.7% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 11,675 shares of the company's stock valued at $1,458,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 15.09% of the company's stock.

Analyst Upgrades and Downgrades

IHG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group from a "sell" rating to a "hold" rating in a report on Monday, April 14th. Citigroup initiated coverage on InterContinental Hotels Group in a research report on Monday, February 24th. They set a "sell" rating for the company. Two 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 stock. According to data from MarketBeat.com, InterContinental Hotels Group presently has a consensus rating of "Hold".

InterContinental Hotels Group Price Performance

Shares of IHG stock traded down $0.88 during trading hours on Monday, reaching $121.65. 87,597 shares of the company were exchanged, compared to its average volume of 236,458. The company has a market cap of $18.92 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 1.69 and a beta of 1.34. The stock's fifty day moving average is $109.29 and its two-hundred day moving average is $120.36. 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 was paid on Thursday, May 15th. Investors of record on Friday, April 4th were paid a dividend of $1.144 per share. This represents a yield of 1.4%. The ex-dividend date of this dividend was Friday, April 4th. This is an increase from InterContinental Hotels Group's previous semi-annual dividend of $0.53. InterContinental Hotels Group's dividend payout ratio (DPR) is presently 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.