DGS Capital Management LLC Takes Position in InterContinental Hotels Group PLC (NYSE:IHG)

DGS Capital Management LLC purchased a new stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) during the 4th quarter, Holdings Channel.com reports. The fund purchased 2,355 shares of the company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in shares of InterContinental Hotels Group by 48.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 51,281 shares of the company’s stock valued at $3,833,000 after buying an additional 16,767 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of InterContinental Hotels Group by 78.0% during the 4th quarter. Ritholtz Wealth Management now owns 8,884 shares of the company’s stock valued at $810,000 after buying an additional 3,893 shares during the period. Optiver Holding B.V. purchased a new stake in shares of InterContinental Hotels Group in the 3rd quarter worth $5,302,000. Trillium Asset Management LLC increased its stake in shares of InterContinental Hotels Group by 16.4% in the 3rd quarter. Trillium Asset Management LLC now owns 77,478 shares of the company’s stock worth $5,791,000 after purchasing an additional 10,902 shares in the last quarter. Finally, Raymond James & Associates increased its stake in shares of InterContinental Hotels Group by 0.5% in 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 in the last quarter. 15.09% of the stock is owned by institutional investors.

InterContinental Hotels Group Trading Down 0.3 %

Shares of IHG stock opened at $97.83 on Wednesday. InterContinental Hotels Group PLC has a 52-week low of $65.22 and a 52-week high of $112.08. The stock has a fifty day simple moving average of $103.67 and a two-hundred day simple moving average of $90.51.

InterContinental Hotels Group Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IHG shares. Jefferies Financial Group lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. StockNews.com lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Societe Generale lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Sanford C. Bernstein lowered InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, InterContinental Hotels Group has an average rating of “Hold”.

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.