Intercontinental Hotels Group $IHG Shares Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its stake in Intercontinental Hotels Group by 51.2%, now owning 9,068 shares valued at approximately $1,046,000.
• Intercontinental Hotels Group's shares are currently trading at $121.02 with a market cap of $18.47 billion, reflecting a 1.1% decline recently.
• The company has announced a semi-annual dividend of $0.566 per share, with a dividend payout ratio of 20.04%.

Callan Family Office LLC grew its position in shares of Intercontinental Hotels Group (NYSE:IHG - Free Report) by 51.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,068 shares of the company's stock after acquiring an additional 3,071 shares during the quarter. Callan Family Office LLC's holdings in Intercontinental Hotels Group were worth $1,046,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IHG. Golden State Wealth Management LLC increased its stake in Intercontinental Hotels Group by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 228 shares of the company's stock worth $25,000 after acquiring an additional 114 shares during the last quarter. Brooklyn Investment Group grew its position in Intercontinental Hotels Group by 219.5% in the first quarter. Brooklyn Investment Group now owns 246 shares of the company's stock valued at $27,000 after acquiring an additional 169 shares in the last quarter. Whittier Trust Co. grew its position in Intercontinental Hotels Group by 186.3% in the first quarter. Whittier Trust Co. now owns 272 shares of the company's stock valued at $30,000 after acquiring an additional 177 shares in the last quarter. TD Private Client Wealth LLC grew its position in Intercontinental Hotels Group by 48.7% in the first quarter. TD Private Client Wealth LLC now owns 348 shares of the company's stock valued at $38,000 after acquiring an additional 114 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in Intercontinental Hotels Group in the second quarter valued at approximately $41,000. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Hotels Group Stock Down 1.1%

Shares of NYSE IHG opened at $121.02 on Monday. Intercontinental Hotels Group has a fifty-two week low of $94.78 and a fifty-two week high of $137.25. The business has a 50 day moving average price of $121.08 and a two-hundred day moving average price of $116.06. The firm has a market cap of $18.47 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 1.75 and a beta of 1.24.

Intercontinental Hotels Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, October 2nd. Shareholders of record on Friday, August 22nd were issued a dividend of $0.566 per share. This represents a yield of 140.0%. The ex-dividend date of this dividend was Friday, August 22nd. Intercontinental Hotels Group's dividend payout ratio (DPR) is currently 20.04%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on IHG. JPMorgan Chase & Co. raised shares of Intercontinental Hotels Group from a "neutral" rating to an "overweight" rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Intercontinental Hotels Group in a research report on Wednesday, October 8th. Morgan Stanley raised shares of Intercontinental Hotels Group from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, October 1st. Finally, Wall Street Zen lowered Intercontinental Hotels Group from a "buy" rating to a "hold" rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Intercontinental Hotels Group currently 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.

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