First Trust Advisors LP Makes New $1.39 Million Investment in InterContinental Hotels Group PLC (NYSE:IHG)

First Trust Advisors LP bought a new position in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 11,151 shares of the company's stock, valued at approximately $1,393,000.

A number of other large investors also recently bought and sold shares of the company. Independent Advisor Alliance grew its holdings in shares of InterContinental Hotels Group by 0.8% in the 4th quarter. Independent Advisor Alliance now owns 9,674 shares of the company's stock worth $1,209,000 after acquiring an additional 76 shares during the last quarter. Denali Advisors LLC grew its holdings in shares of InterContinental Hotels Group by 2.3% in the 4th quarter. Denali Advisors LLC now owns 3,870 shares of the company's stock worth $483,000 after acquiring an additional 87 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of 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 acquiring an additional 101 shares during the last quarter. Moors & Cabot Inc. grew its holdings in shares of InterContinental Hotels Group by 3.2% in the 4th quarter. Moors & Cabot Inc. now owns 4,415 shares of the company's stock worth $552,000 after acquiring an additional 136 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of InterContinental Hotels Group by 7.1% in the 4th quarter. Ballentine Partners LLC now owns 2,344 shares of the company's stock worth $293,000 after acquiring an additional 156 shares during the last quarter. Institutional investors own 15.09% of the company's stock.

Wall Street Analysts Forecast Growth

IHG has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group from a "sell" rating to a "hold" rating in a research report on Monday, April 14th. Citigroup initiated coverage on InterContinental Hotels Group in a research report on Monday, February 24th. They issued a "sell" rating for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

InterContinental Hotels Group Price Performance

IHG traded up $3.43 during trading on Monday, reaching $119.56. 44,779 shares of the stock traded hands, compared to its average volume of 188,815. The stock has a market cap of $18.61 billion, a price-to-earnings ratio of 21.20, a price-to-earnings-growth 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 stock's 50-day simple moving average is $109.03 and its two-hundred day simple moving average is $120.00.

InterContinental Hotels Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be given a dividend of $1.144 per share. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.53. The ex-dividend date is 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 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.