Optiver Holding B.V. Buys Shares of 43,577 InterContinental Hotels Group PLC (NYSE:IHG)

Optiver Holding B.V. acquired a new stake in shares of InterContinental Hotels Group PLC (NYSE:IHG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 43,577 shares of the company's stock, valued at approximately $5,444,000.

Several other institutional investors have also bought and sold shares of IHG. Richardson Financial Services Inc. bought a new stake in shares of InterContinental Hotels Group during the 4th quarter worth about $25,000. Farther Finance Advisors LLC lifted its position in 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 purchasing an additional 101 shares during the period. SBI Securities Co. Ltd. bought a new position in InterContinental Hotels Group during the 4th quarter valued at $42,000. Venturi Wealth Management LLC acquired a new position in shares of InterContinental Hotels Group during the 4th quarter valued at $72,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of InterContinental Hotels Group by 419.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock worth $72,000 after buying an additional 461 shares in the last quarter. Institutional investors and hedge funds own 15.09% of the company's stock.

InterContinental Hotels Group Stock Up 2.4 %

Shares of InterContinental Hotels Group stock traded up $2.64 during trading on Friday, hitting $113.55. The stock had a trading volume of 216,427 shares, compared to its average volume of 190,348. InterContinental Hotels Group PLC has a 1 year low of $91.57 and a 1 year high of $137.25. The stock has a 50 day simple moving average of $110.13 and a 200 day simple moving average of $119.82. The company has a market capitalization of $17.71 billion, a PE ratio of 20.13, a P/E/G ratio of 1.69 and a beta of 1.29.

InterContinental Hotels Group Increases Dividend

The business also recently declared 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 of this dividend 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 is 39.36%.

Wall Street Analyst Weigh In

IHG has been the subject of several research reports. Sanford C. Bernstein raised InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a research note on Friday, January 10th. Morgan Stanley cut shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 8th. Citigroup started coverage on InterContinental Hotels Group in a report on Monday, February 24th. They issued a "sell" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group from a "sell" rating to a "hold" rating in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold".

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.