InterContinental Hotels Group PLC (NYSE:IHG) Stock Holdings Trimmed by Creative Planning

Creative Planning reduced its position in InterContinental Hotels Group PLC (NYSE:IHG) by 3.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 22,018 shares of the company’s stock after selling 738 shares during the period. Creative Planning’s holdings in InterContinental Hotels Group were worth $2,433,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its stake in InterContinental Hotels Group by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after acquiring an additional 106 shares during the period. Rothschild Investment LLC acquired a new position in InterContinental Hotels Group in the second quarter valued at approximately $36,000. Allspring Global Investments Holdings LLC acquired a new position in InterContinental Hotels Group in the first quarter valued at approximately $48,000. EverSource Wealth Advisors LLC boosted its stake in InterContinental Hotels Group by 65.2% in the first quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock valued at $48,000 after acquiring an additional 191 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in InterContinental Hotels Group in the second quarter valued at approximately $50,000. 15.09% of the stock is owned by institutional investors.

InterContinental Hotels Group Trading Up 0.2 %

Shares of NYSE IHG opened at $111.82 on Monday. The stock has a 50 day simple moving average of $106.31 and a 200-day simple moving average of $103.17. The company has a market cap of $17.81 billion, a PE ratio of 22.82, a P/E/G ratio of 1.81 and a beta of 1.32. InterContinental Hotels Group PLC has a 12-month low of $71.01 and a 12-month high of $115.25.

InterContinental Hotels Group Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, August 30th were given a dividend of $0.532 per share. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. This represents a dividend yield of 1.6%. InterContinental Hotels Group’s payout ratio is currently 21.63%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock 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.