Farther Finance Advisors LLC Boosts Stock Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Farther Finance Advisors LLC raised its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 67.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 251 shares of the company’s stock after acquiring an additional 101 shares during the quarter. Farther Finance Advisors LLC’s holdings in InterContinental Hotels Group were worth $31,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new position in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $25,000. SBI Securities Co. Ltd. purchased a new position in shares of InterContinental Hotels Group in the fourth quarter worth about $42,000. Smartleaf Asset Management LLC lifted its holdings in shares of InterContinental Hotels Group by 419.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock worth $72,000 after purchasing an additional 461 shares during the period. Venturi Wealth Management LLC purchased a new stake in InterContinental Hotels Group in the fourth quarter valued at approximately $72,000. Finally, R Squared Ltd acquired a new position in InterContinental Hotels Group in the 4th quarter worth approximately $89,000. 15.09% of the stock is currently owned by institutional investors.

InterContinental Hotels Group Price Performance

Shares of NYSE IHG opened at $110.79 on Tuesday. The firm’s 50 day simple moving average is $126.17 and its 200-day simple moving average is $120.69. InterContinental Hotels Group PLC has a 12 month low of $91.57 and a 12 month high of $137.25. The stock has a market capitalization of $17.44 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.69 and a beta of 1.33.

InterContinental Hotels Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be issued a $1.144 dividend. This is a boost from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. The ex-dividend date is Friday, April 4th. This represents a yield of 1.4%. InterContinental Hotels Group’s payout ratio is presently 39.36%.

Wall Street Analysts Forecast Growth

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

InterContinental Hotels Group 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.