Mercer Global Advisors Inc. ADV Sells 8,484 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Mercer Global Advisors Inc. ADV lowered its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) by 51.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,115 shares of the company's stock after selling 8,484 shares during the period. Mercer Global Advisors Inc. ADV's holdings in InterContinental Hotels Group were worth $1,014,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Richardson Financial Services Inc. acquired a new position in InterContinental Hotels Group during the 4th quarter worth about $25,000. Farther Finance Advisors LLC lifted its stake in shares of InterContinental Hotels Group by 67.3% in the fourth 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 period. SBI Securities Co. Ltd. bought a new stake in InterContinental Hotels Group in the fourth quarter valued at approximately $42,000. Smartleaf Asset Management LLC increased its position in InterContinental Hotels Group by 419.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock valued at $72,000 after purchasing an additional 461 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in InterContinental Hotels Group during the 4th quarter worth approximately $72,000. Institutional investors and hedge funds own 15.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. 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 InterContinental Hotels Group in a research report 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 issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold".

InterContinental Hotels Group Stock Down 1.1 %

InterContinental Hotels Group stock opened at $116.10 on Friday. The company has a market capitalization of $18.07 billion, a PE ratio of 20.59, a PEG ratio of 1.69 and a beta of 1.34. The firm's fifty day moving average is $109.03 and its 200 day moving average is $119.94. InterContinental Hotels Group PLC has a 12-month low of $91.57 and a 12-month high of $137.25.

InterContinental Hotels Group Increases Dividend

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

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