Clarius Group LLC Invests $246,000 in InterContinental Hotels Group PLC (NYSE:IHG)

Clarius Group LLC acquired a new stake in shares of InterContinental Hotels Group PLC (NYSE:IHG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,696 shares of the company’s stock, valued at approximately $246,000.

A number of other hedge funds have also recently bought and sold shares of IHG. Envestnet Asset Management Inc. boosted its stake in InterContinental Hotels Group by 48.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 51,281 shares of the company’s stock worth $3,833,000 after buying an additional 16,767 shares during the last quarter. Ritholtz Wealth Management increased 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 worth $810,000 after buying an additional 3,893 shares during the last quarter. Optiver Holding B.V. purchased a new position in shares of InterContinental Hotels Group in the 3rd quarter worth $5,302,000. Trillium Asset Management LLC boosted its holdings in InterContinental Hotels Group by 16.4% in the third quarter. Trillium Asset Management LLC now owns 77,478 shares of the company’s stock valued at $5,791,000 after acquiring an additional 10,902 shares during the last quarter. Finally, Raymond James & Associates grew its position in InterContinental Hotels Group by 0.5% during the fourth quarter. Raymond James & Associates now owns 103,041 shares of the company’s stock valued at $9,395,000 after acquiring an additional 486 shares during the period. Institutional investors and hedge funds own 15.09% of the company’s stock.

InterContinental Hotels Group Price Performance

IHG opened at $98.17 on Tuesday. InterContinental Hotels Group PLC has a 1-year low of $65.22 and a 1-year high of $112.08. The company has a 50-day moving average of $103.65 and a 200-day moving average of $90.35.

InterContinental Hotels Group Increases Dividend

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

Analyst Ratings Changes

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

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 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.