Natixis Advisors LLC Increases Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

Natixis Advisors LLC lifted its position in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 698,150 shares of the company’s stock after acquiring an additional 8,067 shares during the quarter. Natixis Advisors LLC owned 0.44% of InterContinental Hotels Group worth $87,213,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in shares of InterContinental Hotels Group by 5.8% during the 3rd quarter. FMR LLC now owns 6,387,525 shares of the company’s stock worth $705,758,000 after acquiring an additional 351,723 shares in the last quarter. JPMorgan Chase & Co. boosted 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 acquiring an additional 73,361 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of InterContinental Hotels Group during the 4th quarter worth approximately $13,796,000. ABC Arbitrage SA purchased a new stake in shares of InterContinental Hotels Group during the 4th quarter worth approximately $11,846,000. Finally, World Investment Advisors LLC purchased a new stake in shares of InterContinental Hotels Group during the 3rd quarter worth approximately $86,000. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IHG. Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Morgan Stanley lowered InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Finally, Citigroup began coverage on InterContinental Hotels Group in a research note on Monday, February 24th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, InterContinental Hotels Group currently has an average rating of “Hold”.

InterContinental Hotels Group Stock Up 2.1 %

Shares of InterContinental Hotels Group stock opened at $113.69 on Friday. InterContinental Hotels Group PLC has a fifty-two week low of $91.57 and a fifty-two week high of $137.25. The firm has a market cap of $17.93 billion, a PE ratio of 20.16, a P/E/G ratio of 1.69 and a beta of 1.33. The business’s fifty day moving average is $127.42 and its two-hundred day moving average is $120.03.

InterContinental Hotels Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be paid a dividend of $1.144 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. InterContinental Hotels Group’s dividend payout ratio is currently 18.79%.

About InterContinental Hotels Group

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.