Vanguard Personalized Indexing Management LLC Acquires 1,281 Shares of Intercontinental Hotels Group $IHG

Vanguard Personalized Indexing Management LLC raised its holdings in Intercontinental Hotels Group (NYSE:IHG) by 12.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,533 shares of the company’s stock after acquiring an additional 1,281 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Intercontinental Hotels Group were worth $1,346,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Natixis Advisors LLC grew its position in Intercontinental Hotels Group by 2.8% in the 1st quarter. Natixis Advisors LLC now owns 717,617 shares of the company’s stock valued at $78,644,000 after acquiring an additional 19,467 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Intercontinental Hotels Group by 2.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 668,948 shares of the company’s stock valued at $73,310,000 after acquiring an additional 16,461 shares during the last quarter. Millennium Management LLC grew its position in Intercontinental Hotels Group by 170.5% in the 1st quarter. Millennium Management LLC now owns 305,177 shares of the company’s stock valued at $33,444,000 after acquiring an additional 192,342 shares during the last quarter. Northern Trust Corp grew its position in shares of Intercontinental Hotels Group by 3.2% during the 1st quarter. Northern Trust Corp now owns 150,918 shares of the company’s stock worth $16,539,000 after buying an additional 4,644 shares in the last quarter. Finally, Raymond James Financial Inc. grew its position in shares of Intercontinental Hotels Group by 5.8% during the 1st quarter. Raymond James Financial Inc. now owns 116,818 shares of the company’s stock worth $12,802,000 after buying an additional 6,379 shares in the last quarter. Institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Stock Up 1.7%

Shares of NYSE:IHG opened at $120.69 on Friday. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.71 and a beta of 1.24. Intercontinental Hotels Group has a 52-week low of $94.78 and a 52-week high of $137.25. The business has a 50-day moving average price of $121.36 and a 200-day moving average price of $116.36.

Intercontinental Hotels Group Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Thursday, October 2nd. Investors of record on Friday, August 22nd were given a dividend of $0.566 per share. This represents a yield of 140.0%. The ex-dividend date was Friday, August 22nd. Intercontinental Hotels Group’s dividend payout ratio (DPR) is currently 20.04%.

Analyst Ratings Changes

A number of research firms have recently issued reports on IHG. JPMorgan Chase & Co. raised Intercontinental Hotels Group from a “neutral” rating to an “overweight” rating in a research report on Friday, September 26th. Morgan Stanley raised Intercontinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a “buy (b)” rating on shares of Intercontinental Hotels Group in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Intercontinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Saturday, October 11th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock 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.