Northern Trust Corp Grows Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Northern Trust Corp lifted its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 61.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 146,274 shares of the company's stock after acquiring an additional 55,404 shares during the period. Northern Trust Corp owned 0.09% of InterContinental Hotels Group worth $18,273,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in InterContinental Hotels Group during the fourth quarter worth $25,000. Farther Finance Advisors LLC grew its position in 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 buying an additional 101 shares during the period. SBI Securities Co. Ltd. bought a new position in InterContinental Hotels Group during the fourth quarter worth about $42,000. Venturi Wealth Management LLC bought a new position in InterContinental Hotels Group during the fourth quarter worth about $72,000. Finally, Smartleaf Asset Management LLC boosted its position in InterContinental Hotels Group by 419.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock worth $72,000 after purchasing an additional 461 shares during the period. Institutional investors and hedge funds own 15.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IHG. Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group from a "sell" rating to a "hold" rating in a research report on Monday, April 14th. Citigroup began coverage on shares of InterContinental Hotels Group in a research note on Monday, February 24th. They set a "sell" rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold".

InterContinental Hotels Group Stock Down 0.2%

Shares of InterContinental Hotels Group stock traded down $0.21 on Friday, hitting $122.47. The stock had a trading volume of 233,307 shares, compared to its average volume of 191,494. InterContinental Hotels Group PLC has a one year low of $91.57 and a one year high of $137.25. The stock has a market cap of $19.05 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 1.69 and a beta of 1.34. The stock's 50-day simple moving average is $109.29 and its two-hundred day simple moving average is $120.24.

InterContinental Hotels Group Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, May 15th. Investors of record on Friday, April 4th were issued a $1.144 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a 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 39.36%.

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.