Fox Run Management L.L.C. Invests $287,000 in InterContinental Hotels Group PLC (NYSE:IHG)

Fox Run Management L.L.C. acquired a new stake in InterContinental Hotels Group PLC (NYSE:IHG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,297 shares of the company’s stock, valued at approximately $287,000.

A number of other institutional investors also recently bought and sold shares of IHG. Richardson Financial Services Inc. purchased a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $25,000. Farther Finance Advisors LLC grew its position in InterContinental Hotels Group by 67.3% in the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock worth $31,000 after acquiring an additional 101 shares during the period. SBI Securities Co. Ltd. acquired a new stake in InterContinental Hotels Group during the fourth quarter worth $42,000. Venturi Wealth Management LLC purchased a new stake in InterContinental Hotels Group in the fourth quarter valued at $72,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of InterContinental Hotels Group by 419.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock valued at $72,000 after purchasing an additional 461 shares during the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Trading Up 0.7 %

IHG stock opened at $111.95 on Friday. The business’s fifty day moving average price is $125.39 and its 200 day moving average price is $120.65. InterContinental Hotels Group PLC has a 12-month low of $91.57 and a 12-month high of $137.25. The company has a market capitalization of $17.63 billion, a PE ratio of 19.85, 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. Stockholders of record on Friday, April 4th will be given a dividend of $1.144 per share. This represents a dividend yield of 1.4%. The ex-dividend date is Friday, April 4th. This is a boost from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. InterContinental Hotels Group’s dividend payout ratio is currently 39.36%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Citigroup initiated coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They set a “sell” rating for the company. Finally, Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, InterContinental Hotels Group currently has an average 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.