Clark Capital Management Group Inc. Has $46.61 Million Stock Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Clark Capital Management Group Inc. boosted its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 373,139 shares of the company's stock after buying an additional 6,709 shares during the period. Clark Capital Management Group Inc. owned approximately 0.24% of InterContinental Hotels Group worth $46,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IHG. Richardson Financial Services Inc. purchased a new stake in shares of InterContinental Hotels Group in the fourth quarter worth approximately $25,000. Farther Finance Advisors LLC lifted its position 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 stake in InterContinental Hotels Group in the 4th quarter worth approximately $42,000. Venturi Wealth Management LLC acquired a new stake in shares of InterContinental Hotels Group during the 4th quarter valued at $72,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of InterContinental Hotels Group by 419.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock worth $72,000 after acquiring an additional 461 shares during the last quarter. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group from a "sell" rating to a "hold" rating in a research report on Monday, April 14th. Citigroup started coverage on InterContinental Hotels Group in a research note on Monday, February 24th. They issued a "sell" rating for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, InterContinental Hotels Group presently has an average rating of "Hold".

InterContinental Hotels Group Price Performance

Shares of IHG stock traded up $2.58 on Tuesday, hitting $123.42. The company's stock had a trading volume of 144,834 shares, compared to its average volume of 189,342. The stock has a market capitalization of $19.21 billion, a price-to-earnings ratio of 21.88, a P/E/G 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 firm's fifty day moving average price is $108.92 and its 200-day moving average price is $120.06.

InterContinental Hotels Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be given a $1.144 dividend. The ex-dividend date is Friday, April 4th. This represents a dividend yield of 1.4%. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.53. InterContinental Hotels Group's payout ratio is currently 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.