Cerity Partners LLC Grows Position in InterContinental Hotels Group PLC (NYSE:IHG)

Cerity Partners LLC grew its stake in InterContinental Hotels Group PLC (NYSE:IHG) by 22.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,520 shares of the company’s stock after purchasing an additional 1,565 shares during the period. Cerity Partners LLC’s holdings in InterContinental Hotels Group were worth $777,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Blue Trust Inc. boosted its position in InterContinental Hotels Group by 15,850.0% in the 4th quarter. Blue Trust Inc. now owns 957 shares of the company’s stock worth $87,000 after purchasing an additional 951 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of InterContinental Hotels Group by 78.0% in the 4th quarter. Ritholtz Wealth Management now owns 8,884 shares of the company’s stock worth $810,000 after acquiring an additional 3,893 shares during the last quarter. Abundance Wealth Counselors acquired a new stake in shares of InterContinental Hotels Group during the 4th quarter worth about $223,000. Raymond James & Associates increased its position in shares of InterContinental Hotels Group by 0.5% during the 4th quarter. Raymond James & Associates now owns 103,041 shares of the company’s stock worth $9,395,000 after purchasing an additional 486 shares during the last quarter. Finally, Wealthstar Advisors LLC increased its position in shares of InterContinental Hotels Group by 108.3% during the 4th quarter. Wealthstar Advisors LLC now owns 13,781 shares of the company’s stock worth $1,257,000 after purchasing an additional 7,166 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Up 0.9 %

NYSE IHG opened at $98.27 on Tuesday. The stock has a 50-day moving average of $103.70 and a two-hundred day moving average of $91.17. InterContinental Hotels Group PLC has a 1-year low of $65.22 and a 1-year high of $112.08.

InterContinental Hotels Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Friday, April 5th will be paid a $1.04 dividend. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from InterContinental Hotels Group’s previous semi-annual dividend of $0.48.

Analyst Ratings Changes

IHG has been the subject of a number of recent analyst reports. Sanford C. Bernstein downgraded InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research report on Wednesday, March 13th. Jefferies Financial Group downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. StockNews.com downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Societe Generale downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on 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.