Schonfeld Strategic Advisors LLC Invests $3.94 Million in InterContinental Hotels Group PLC (NYSE:IHG)

Schonfeld Strategic Advisors LLC purchased a new position in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 31,532 shares of the company's stock, valued at approximately $3,939,000.

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IHG. Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group from a "sell" rating to a "hold" rating in a research note on Monday, April 14th. 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. Finally, Citigroup assumed coverage on shares of InterContinental Hotels Group in a research note on Monday, February 24th. They set a "sell" rating for the company. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

InterContinental Hotels Group Trading Down 1.5 %

InterContinental Hotels Group stock traded down $1.78 during midday trading on Friday, reaching $115.60. 174,207 shares of the stock traded hands, compared to its average volume of 189,142. The firm has a market cap of $18.03 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34. The company has a 50-day simple moving average of $109.23 and a two-hundred day simple moving average of $119.88. 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 firm also recently disclosed 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. This is a positive change from InterContinental Hotels Group's previous semi-annual dividend of $0.53. The ex-dividend date is Friday, April 4th. This represents a dividend yield of 1.4%. InterContinental Hotels Group's dividend payout ratio (DPR) is presently 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.