Optiver Holding B.V. Invests $5.44 Million in 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 disclosure 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 and hedge funds have also modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $13,796,000. ABC Arbitrage SA acquired a new position in shares of InterContinental Hotels Group during the 4th quarter worth $11,846,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of InterContinental Hotels Group by 241.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 127,798 shares of the company's stock valued at $15,965,000 after purchasing an additional 90,339 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of InterContinental Hotels Group in the 3rd quarter valued at $86,000. Finally, JPMorgan Chase & Co. boosted its holdings in InterContinental Hotels Group by 29.7% in the third quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company's stock worth $35,388,000 after purchasing an additional 73,361 shares in the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

InterContinental Hotels Group Stock Up 0.9 %

Shares of NYSE IHG opened at $106.39 on Monday. InterContinental Hotels Group PLC has a 12 month low of $91.57 and a 12 month high of $137.25. The company has a market cap of $16.63 billion, a P/E ratio of 18.86, a P/E/G ratio of 1.69 and a beta of 1.29. The business's 50 day moving average is $111.82 and its two-hundred day moving average is $120.03.

InterContinental Hotels Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be paid a dividend of $1.144 per share. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.53. This represents a yield of 1.4%. The ex-dividend date is Friday, April 4th. InterContinental Hotels Group's dividend payout ratio is presently 39.36%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on IHG. Morgan Stanley cut InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a research report on Wednesday, January 8th. Citigroup assumed coverage on InterContinental Hotels Group in a research report on Monday, February 24th. They set a "sell" rating for the company. Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group from a "sell" rating to a "hold" rating in a research note on Monday, April 14th. Finally, Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an "underperform" rating to a "market perform" rating in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company 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.

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