Marietta Investment Partners LLC Sells 911 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Marietta Investment Partners LLC decreased its position in InterContinental Hotels Group PLC (NYSE:IHG) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,429 shares of the company’s stock after selling 911 shares during the quarter. Marietta Investment Partners LLC’s holdings in InterContinental Hotels Group were worth $3,302,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IHG. Richardson Financial Services Inc. bought a new position in shares of InterContinental Hotels Group in the fourth quarter valued at approximately $25,000. Farther Finance Advisors LLC raised its position in shares of InterContinental Hotels Group by 67.3% in the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of InterContinental Hotels Group in the fourth quarter valued at approximately $42,000. Venturi Wealth Management LLC bought a new position in shares of InterContinental Hotels Group in the fourth quarter valued at approximately $72,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of InterContinental Hotels Group by 419.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock worth $72,000 after acquiring an additional 461 shares during the last quarter. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Price Performance

IHG opened at $109.65 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’s fifty day moving average price is $126.41 and its two-hundred day moving average price is $120.30. The company has a market capitalization of $17.26 billion, a P/E ratio of 19.44, a P/E/G ratio of 1.69 and a beta of 1.33.

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. The ex-dividend date is Friday, April 4th. This represents a yield of 1.4%. This is an increase from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. InterContinental Hotels Group’s payout ratio is currently 39.36%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IHG shares. Morgan Stanley downgraded shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Citigroup started coverage on shares of InterContinental Hotels Group in a research note on Monday, February 24th. They issued a “sell” rating on the stock. Finally, Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, InterContinental Hotels Group presently has a consensus rating of “Hold”.

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.