InterContinental Hotels Group PLC (NYSE:IHG) is Henry James International Management Inc.’s 3rd Largest Position

Henry James International Management Inc. decreased its stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 5.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 115,198 shares of the company’s stock after selling 6,248 shares during the quarter. InterContinental Hotels Group comprises 4.4% of Henry James International Management Inc.’s holdings, making the stock its 3rd largest position. Henry James International Management Inc. owned 0.07% of InterContinental Hotels Group worth $12,728,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in IHG. Hsbc Holdings PLC raised its position in shares of InterContinental Hotels Group by 133.3% during the 2nd quarter. Hsbc Holdings PLC now owns 11,433 shares of the company’s stock valued at $1,212,000 after buying an additional 6,533 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of InterContinental Hotels Group by 65.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock worth $48,000 after purchasing an additional 191 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in InterContinental Hotels Group in the first quarter valued at about $1,163,000. BNP Paribas Financial Markets boosted its stake in InterContinental Hotels Group by 130.0% during the first quarter. BNP Paribas Financial Markets now owns 36,288 shares of the company’s stock worth $3,834,000 after buying an additional 20,511 shares during the period. Finally, QRG Capital Management Inc. increased its position in shares of InterContinental Hotels Group by 49.2% during the first quarter. QRG Capital Management Inc. now owns 21,135 shares of the company’s stock valued at $2,233,000 after acquiring an additional 6,969 shares during the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

InterContinental Hotels Group Price Performance

NYSE IHG opened at $112.36 on Monday. The company has a market cap of $17.89 billion, a P/E ratio of 22.93, a P/E/G ratio of 1.80 and a beta of 1.31. InterContinental Hotels Group PLC has a 1-year low of $71.01 and a 1-year high of $115.25. The stock has a 50-day moving average of $107.77 and a two-hundred day moving average of $103.62.

InterContinental Hotels Group Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, August 30th were paid a dividend of $0.532 per share. This is an increase from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. This represents a yield of 1.6%. The ex-dividend date was Friday, August 30th. InterContinental Hotels Group’s dividend payout ratio is presently 21.63%.

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.