InterContinental Hotels Group (NYSE:IHG) Sees Large Volume Increase

InterContinental Hotels Group PLC (NYSE:IHG) saw an uptick in trading volume on Friday . 359,281 shares traded hands during mid-day trading, an increase of 96% from the previous session’s volume of 183,694 shares.The stock last traded at $103.61 and had previously closed at $102.32.

InterContinental Hotels Group Stock Up 1.4 %

The firm has a 50 day simple moving average of $100.74 and a 200-day simple moving average of $102.10.

InterContinental Hotels Group Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, August 30th will be issued a $0.532 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, August 30th. This is an increase from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30.

Institutional Investors Weigh In On InterContinental Hotels Group

Several institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new stake in InterContinental Hotels Group in the second quarter worth about $229,000. Creative Planning boosted its holdings in InterContinental Hotels Group by 3.3% in the second quarter. Creative Planning now owns 22,756 shares of the company’s stock worth $2,411,000 after acquiring an additional 723 shares in the last quarter. AQR Capital Management LLC boosted its holdings in InterContinental Hotels Group by 8.7% in the second quarter. AQR Capital Management LLC now owns 6,699 shares of the company’s stock worth $710,000 after acquiring an additional 538 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in InterContinental Hotels Group in the second quarter worth about $1,148,000. Finally, Marietta Investment Partners LLC lifted its holdings in shares of InterContinental Hotels Group by 7.3% during the second quarter. Marietta Investment Partners LLC now owns 27,340 shares of the company’s stock worth $2,897,000 after purchasing an additional 1,850 shares during the period. Institutional investors and hedge funds own 15.09% of the company’s stock.

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.