InterContinental Hotels Group PLC (NYSE:IHG) Shares Bought by Cetera Investment Advisers

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

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in InterContinental Hotels Group in the fourth quarter valued at $13,796,000. ABC Arbitrage SA purchased a new stake in InterContinental Hotels Group during the 4th quarter valued at approximately $11,846,000. Arrowstreet Capital Limited Partnership lifted its position in InterContinental Hotels Group by 241.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 127,798 shares of the company's stock worth $15,965,000 after acquiring an additional 90,339 shares during the period. Northern Trust Corp grew its stake in shares of InterContinental Hotels Group by 61.0% in the 4th 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. Finally, Optiver Holding B.V. purchased a new position in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $5,444,000. 15.09% of the stock is owned by institutional investors and hedge funds.

InterContinental Hotels Group Price Performance

InterContinental Hotels Group stock traded up $1.93 during trading hours on Tuesday, hitting $119.36. The stock had a trading volume of 28,604 shares, compared to its average volume of 192,243. The stock has a market capitalization of $18.57 billion, a price-to-earnings ratio of 21.14, a PEG ratio of 1.69 and a beta of 1.34. InterContinental Hotels Group PLC has a 1-year low of $91.57 and a 1-year high of $137.25. The stock's fifty day moving average is $109.96 and its two-hundred day moving average is $120.47.

InterContinental Hotels Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, April 4th were issued a $1.144 dividend. This represents a dividend yield of 1.4%. The ex-dividend date 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 is 39.36%.

Analysts Set New Price Targets

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

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.