Jane Street Group LLC Increases Stake in InterContinental Hotels Group PLC (NYSE:IHG)

Jane Street Group LLC raised its position in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 163.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,264 shares of the company's stock after acquiring an additional 6,995 shares during the period. Jane Street Group LLC's holdings in InterContinental Hotels Group were worth $1,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Rehmann Capital Advisory Group raised its stake in InterContinental Hotels Group by 8.3% during the fourth quarter. Rehmann Capital Advisory Group now owns 3,240 shares of the company's stock valued at $405,000 after purchasing an additional 249 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in InterContinental Hotels Group in the fourth quarter worth about $3,939,000. Northern Trust Corp increased its stake in InterContinental Hotels Group by 61.0% during the fourth quarter. Northern Trust Corp now owns 146,274 shares of the company's stock worth $18,273,000 after acquiring an additional 55,404 shares during the last quarter. Optiver Holding B.V. bought a new stake in InterContinental Hotels Group during the fourth quarter worth approximately $5,444,000. Finally, Aquatic Capital Management LLC raised its position in InterContinental Hotels Group by 4.3% during the fourth quarter. Aquatic Capital Management LLC now owns 9,389 shares of the company's stock valued at $1,173,000 after purchasing an additional 389 shares during the period. 15.09% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Trading Down 0.2%

Shares of NYSE IHG traded down $0.26 during midday trading on Friday, hitting $117.49. The company's stock had a trading volume of 215,825 shares, compared to its average volume of 192,885. InterContinental Hotels Group PLC has a 12-month low of $91.57 and a 12-month high of $137.25. The firm has a market cap of $18.28 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34. The business's 50 day moving average is $109.87 and its two-hundred day moving average is $120.50.

InterContinental Hotels Group Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, May 15th. Stockholders of record on Friday, April 4th were given a dividend of $1.144 per share. This represents a dividend yield of 1.4%. This is an increase from InterContinental Hotels Group's previous semi-annual dividend of $0.53. The ex-dividend date was Friday, April 4th. InterContinental Hotels Group's dividend payout ratio (DPR) is 39.36%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IHG shares. Citigroup started coverage on InterContinental Hotels Group in a report on Monday, February 24th. They issued a "sell" rating for the company. Deutsche Bank Aktiengesellschaft raised 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 issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock 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.