Quantinno Capital Management LP Purchases 4,132 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Quantinno Capital Management LP raised its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 13.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,409 shares of the company's stock after acquiring an additional 4,132 shares during the period. Quantinno Capital Management LP's holdings in InterContinental Hotels Group were worth $4,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Independent Advisor Alliance grew its position in InterContinental Hotels Group by 0.8% during the fourth quarter. Independent Advisor Alliance now owns 9,674 shares of the company's stock valued at $1,209,000 after acquiring an additional 76 shares during the last quarter. Denali Advisors LLC boosted its stake in shares of InterContinental Hotels Group by 2.3% during the fourth quarter. Denali Advisors LLC now owns 3,870 shares of the company's stock valued at $483,000 after purchasing an additional 87 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of InterContinental Hotels Group by 67.3% during the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares during the period. Moors & Cabot Inc. boosted its stake in shares of InterContinental Hotels Group by 3.2% during the fourth quarter. Moors & Cabot Inc. now owns 4,415 shares of the company's stock valued at $552,000 after purchasing an additional 136 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of InterContinental Hotels Group by 7.1% during 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 period. 15.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IHG. Citigroup began coverage on InterContinental Hotels Group in a research note on Monday, February 24th. They set a "sell" rating for the company. Deutsche Bank Aktiengesellschaft raised 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 assigned a hold rating and two have issued 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 Stock Performance

IHG stock traded down $0.26 on Friday, reaching $117.49. The company's stock had a trading volume of 215,825 shares, compared to its average volume of 192,885. The business has a fifty day simple moving average of $109.87 and a two-hundred day simple moving average of $120.49. 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 PE ratio of 20.83, a PEG ratio of 1.69 and a beta of 1.34.

InterContinental Hotels Group Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 4th were paid a $1.144 dividend. This is a positive change 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 yield of 1.4%. InterContinental Hotels Group's dividend payout ratio (DPR) is presently 39.36%.

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.