D. E. Shaw & Co. Inc. Lowers Stake in InterContinental Hotels Group PLC (NYSE:IHG)

D. E. Shaw & Co. Inc. trimmed its holdings in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 79.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,455 shares of the company's stock after selling 32,486 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in InterContinental Hotels Group were worth $1,056,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in IHG. Ballentine Partners LLC boosted its holdings in InterContinental Hotels Group by 7.1% in the fourth quarter. Ballentine Partners LLC now owns 2,344 shares of the company's stock valued at $293,000 after purchasing an additional 156 shares during the last quarter. Blue Trust Inc. raised its position in shares of InterContinental Hotels Group by 20.6% in the fourth quarter. Blue Trust Inc. now owns 4,471 shares of the company's stock worth $559,000 after acquiring an additional 763 shares during the period. R Squared Ltd acquired a new position in shares of InterContinental Hotels Group in the fourth quarter worth about $89,000. Hantz Financial Services Inc. raised its position in shares of InterContinental Hotels Group by 3.9% in the fourth quarter. Hantz Financial Services Inc. now owns 6,303 shares of the company's stock worth $787,000 after acquiring an additional 234 shares during the period. Finally, Baron Wealth Management LLC acquired a new position in shares of InterContinental Hotels Group in the fourth quarter worth about $226,000. 15.09% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Trading Up 1.7%

IHG stock traded up $1.95 during mid-day trading on Tuesday, reaching $119.38. The company's stock had a trading volume of 160,839 shares, compared to its average volume of 192,756. The stock has a market cap of $18.57 billion, a PE ratio of 21.17, a P/E/G ratio of 1.69 and a beta of 1.34. InterContinental Hotels Group PLC has a fifty-two week low of $91.57 and a fifty-two week high of $137.25. The company's 50 day moving average is $109.96 and its two-hundred day moving average is $120.47.

InterContinental Hotels Group Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 4th were paid a $1.144 dividend. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.53. The ex-dividend date was Friday, April 4th. This represents a dividend yield of 1.4%. InterContinental Hotels Group's dividend payout ratio is 39.36%.

Analyst Upgrades and Downgrades

IHG has been the subject 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 initiated coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They issued a "sell" rating for the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus 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.