GAMMA Investing LLC Purchases 145,283 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

GAMMA Investing LLC boosted its position in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 9,964.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 146,741 shares of the company's stock after purchasing an additional 145,283 shares during the quarter. GAMMA Investing LLC owned approximately 0.09% of InterContinental Hotels Group worth $160,810,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Richardson Financial Services Inc. purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter worth $25,000. Farther Finance Advisors LLC increased its holdings in InterContinental Hotels Group by 67.3% in the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock worth $31,000 after buying an additional 101 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in InterContinental Hotels Group in the 4th quarter worth about $42,000. Venturi Wealth Management LLC bought a new position in InterContinental Hotels Group during the 4th quarter valued at about $72,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of InterContinental Hotels Group by 419.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock valued at $72,000 after acquiring an additional 461 shares during the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Price Performance

Shares of IHG traded down $0.28 on Thursday, reaching $115.52. The company's stock had a trading volume of 112,118 shares, compared to its average volume of 193,378. The stock has a market capitalization of $17.97 billion, a P/E ratio of 20.48, a PEG ratio of 1.69 and a beta of 1.34. The stock's 50 day simple moving average is $110.88 and its two-hundred day simple moving average is $120.21. InterContinental Hotels Group PLC has a 12-month low of $91.57 and a 12-month 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 issued a $1.144 dividend. This is an increase from InterContinental Hotels Group's previous semi-annual dividend of $0.53. The ex-dividend date of this dividend was Friday, April 4th. This represents a dividend yield of 1.4%. InterContinental Hotels Group's dividend payout ratio (DPR) is presently 39.36%.

Wall Street Analyst Weigh In

IHG has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of InterContinental Hotels Group in a report on Monday, February 24th. They set a "sell" rating on the stock. Deutsche Bank Aktiengesellschaft raised shares of InterContinental Hotels Group from a "sell" rating to a "hold" rating in a report on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently 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.