Cetera Investment Advisers Boosts Position in InterContinental Hotels Group PLC (NYSE:IHG)

Cetera Investment Advisers boosted its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 27.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,593 shares of the company's stock after buying an additional 2,498 shares during the period. Cetera Investment Advisers' holdings in InterContinental Hotels Group were worth $1,448,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Independent Advisor Alliance increased its position in InterContinental Hotels Group by 0.8% during the 4th quarter. Independent Advisor Alliance now owns 9,674 shares of the company's stock valued at $1,209,000 after buying an additional 76 shares in the last quarter. Denali Advisors LLC grew its position in InterContinental Hotels Group by 2.3% during the fourth quarter. Denali Advisors LLC now owns 3,870 shares of the company's stock valued at $483,000 after buying an additional 87 shares during the period. Farther Finance Advisors LLC lifted its position in InterContinental Hotels Group by 67.3% during the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Moors & Cabot Inc. grew its stake in shares of InterContinental Hotels Group by 3.2% during the 4th quarter. Moors & Cabot Inc. now owns 4,415 shares of the company's stock valued at $552,000 after acquiring an additional 136 shares during the period. Finally, Ballentine Partners LLC increased its stake in shares of InterContinental Hotels Group by 7.1% in the fourth quarter. Ballentine Partners LLC now owns 2,344 shares of the company's stock worth $293,000 after purchasing an additional 156 shares in the last quarter. Institutional investors own 15.09% of the company's stock.

InterContinental Hotels Group Stock Performance

NYSE IHG traded up $1.95 during trading hours on Tuesday, reaching $119.38. The stock had a trading volume of 160,839 shares, compared to its average volume of 192,756. InterContinental Hotels Group PLC has a 52-week low of $91.57 and a 52-week high of $137.25. The stock has a market cap of $18.57 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34. The stock has a fifty day moving average of $110.10 and a 200 day moving average of $120.47.

InterContinental Hotels Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 4th were issued a dividend of $1.144 per share. This represents a dividend 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 dividend payout ratio (DPR) is 39.36%.

Analyst Ratings Changes

Several equities analysts have recently commented on IHG shares. Citigroup began coverage on shares of InterContinental Hotels Group in a report on Monday, February 24th. They issued a "sell" rating on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group from a "sell" rating to a "hold" rating in a research note 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 issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.