InterContinental Hotels Group PLC (NYSE:IHG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 57.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,596 shares of the company’s stock after selling 6,306 shares during the period. Victory Capital Management Inc.’s holdings in InterContinental Hotels Group were worth $419,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada boosted its position in InterContinental Hotels Group by 2.1% during the 3rd quarter. Royal Bank of Canada now owns 617,029 shares of the company’s stock worth $46,123,000 after acquiring an additional 12,902 shares during the period. Natixis Advisors L.P. grew its stake in shares of InterContinental Hotels Group by 214.8% in the 3rd quarter. Natixis Advisors L.P. now owns 576,718 shares of the company’s stock valued at $43,110,000 after buying an additional 393,528 shares in the last quarter. Raymond James & Associates increased its stake 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. Trillium Asset Management LLC increased its position in InterContinental Hotels Group by 16.4% during the third quarter. Trillium Asset Management LLC now owns 77,478 shares of the company’s stock worth $5,791,000 after buying an additional 10,902 shares during the last quarter. Finally, Optiver Holding B.V. bought a new position in shares of InterContinental Hotels Group in the 3rd quarter valued at approximately $5,302,000. Institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Price Performance

NYSE:IHG opened at $102.20 on Friday. InterContinental Hotels Group PLC has a 1-year low of $65.66 and a 1-year high of $112.08. The stock has a 50 day simple moving average of $101.10 and a 200 day simple moving average of $95.35.

InterContinental Hotels Group Increases Dividend

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

Analyst Upgrades and Downgrades

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