Greenleaf Trust boosted its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 24.1% in the second quarter, HoldingsChannel.com reports. The fund owned 6,142 shares of the company’s stock after acquiring an additional 1,193 shares during the quarter. Greenleaf Trust’s holdings in InterContinental Hotels Group were worth $385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Guggenheim Capital LLC raised its stake in shares of InterContinental Hotels Group by 40.4% during the fourth quarter. Guggenheim Capital LLC now owns 8,084 shares of the company’s stock worth $513,000 after buying an additional 2,326 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of InterContinental Hotels Group by 1,083.2% during the first quarter. Wells Fargo & Company MN now owns 89,759 shares of the company’s stock worth $5,494,000 after buying an additional 82,173 shares during the last quarter. Aperio Group LLC raised its stake in shares of InterContinental Hotels Group by 13.0% during the first quarter. Aperio Group LLC now owns 198,462 shares of the company’s stock worth $12,148,000 after buying an additional 22,840 shares during the last quarter. US Bancorp DE raised its stake in shares of InterContinental Hotels Group by 1,429.9% during the first quarter. US Bancorp DE now owns 50,977 shares of the company’s stock worth $3,120,000 after buying an additional 47,645 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its stake in shares of InterContinental Hotels Group by 58.5% during the first quarter. Liberty Mutual Group Asset Management Inc. now owns 11,380 shares of the company’s stock worth $697,000 after buying an additional 4,200 shares during the last quarter. Institutional investors own 6.40% of the company’s stock.

A number of research firms recently weighed in on IHG. Zacks Investment Research downgraded shares of InterContinental Hotels Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. JPMorgan Chase & Co. upgraded shares of InterContinental Hotels Group from an “underweight” rating to a “neutral” rating in a report on Friday, June 15th. ValuEngine cut shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Finally, Bank of America cut shares of InterContinental Hotels Group from a “buy” rating to a “neutral” rating in a report on Friday, May 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $66.79.

Shares of NYSE IHG opened at $61.28 on Friday. The company has a market cap of $11.59 billion, a P/E ratio of 25.22 and a beta of 1.29. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of -1.67. InterContinental Hotels Group PLC has a 52-week low of $49.03 and a 52-week high of $69.23.

The company also recently disclosed a special dividend, which will be paid on Friday, October 5th. Investors of record on Friday, August 31st will be issued a dividend of $0.363 per share. The ex-dividend date is Thursday, August 30th. This represents a yield of 2.36%. This is a boost from InterContinental Hotels Group’s previous special dividend of $0.33. InterContinental Hotels Group’s payout ratio is currently 41.98%.

InterContinental Hotels Group Company 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, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, and Candlewood Suites brands.

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Institutional Ownership by Quarter for InterContinental Hotels Group (NYSE:IHG)

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