Vulcan Value Partners LLC Buys Shares of 2,736 InterContinental Hotels Group PLC (NYSE:IHG)

Vulcan Value Partners LLC bought a new stake in InterContinental Hotels Group PLC (NYSE:IHG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,736 shares of the company's stock, valued at approximately $339,000.

A number of other large investors also recently made changes to their positions in the company. Richardson Financial Services Inc. acquired a new position in InterContinental Hotels Group in the 4th quarter valued at $25,000. Farther Finance Advisors LLC boosted its position 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 valued at $31,000 after acquiring an additional 101 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of InterContinental Hotels Group in the fourth quarter valued at 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 raised its stake in 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 purchasing an additional 461 shares in the last quarter. Institutional investors own 15.09% of the company's stock.

Wall Street Analysts Forecast Growth

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

InterContinental Hotels Group Stock Performance

Shares of IHG traded up $3.03 during mid-day trading on Thursday, reaching $110.92. The company had a trading volume of 174,144 shares, compared to its average volume of 238,249. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 1.69 and a beta of 1.29. The company's 50 day simple moving average is $110.61 and its 200 day simple moving average is $119.82. InterContinental Hotels Group PLC has a 1-year low of $91.57 and a 1-year high of $137.25.

InterContinental Hotels Group Increases Dividend

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