Moors & Cabot Inc. Purchases 136 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Moors & Cabot Inc. grew its position in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 3.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,415 shares of the company’s stock after buying an additional 136 shares during the quarter. Moors & Cabot Inc.’s holdings in InterContinental Hotels Group were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC boosted its position in InterContinental Hotels Group by 5.8% in the third quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after purchasing an additional 351,723 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of InterContinental Hotels Group by 29.7% during the 3rd 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 during the period. Raymond James Financial Inc. purchased a new position in shares of InterContinental Hotels Group in the 4th quarter worth about $13,796,000. ABC Arbitrage SA bought a new position in InterContinental Hotels Group during the fourth quarter valued at about $11,846,000. Finally, World Investment Advisors LLC purchased a new stake in InterContinental Hotels Group during the third quarter worth about $86,000. Hedge funds and other institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Trading Up 2.1 %

IHG opened at $113.69 on Friday. 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 $17.98 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a 50 day moving average of $127.42 and a 200 day moving average of $119.88.

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 issued a $1.144 dividend. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, April 4th. InterContinental Hotels Group’s dividend payout ratio (DPR) is presently 18.79%.

Analysts Set New Price Targets

IHG has been the subject of a number of research reports. Morgan Stanley downgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Barclays raised InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research report on Friday, January 10th. Finally, Citigroup started coverage on InterContinental Hotels Group in a research note on Monday, February 24th. They set a “sell” rating for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

InterContinental Hotels Group Company 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.