Allspring Global Investments Holdings LLC Purchases 1,025 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Allspring Global Investments Holdings LLC raised its position in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 226.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,477 shares of the company’s stock after acquiring an additional 1,025 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in InterContinental Hotels Group were worth $156,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. CIBC Private Wealth Group LLC boosted its position in shares of InterContinental Hotels Group by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 632,644 shares of the company’s stock valued at $57,546,000 after purchasing an additional 185,045 shares in the last quarter. Scotia Capital Inc. boosted its holdings in shares of InterContinental Hotels Group by 259.2% during the 4th quarter. Scotia Capital Inc. now owns 36,567 shares of the company’s stock worth $3,334,000 after buying an additional 26,386 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of InterContinental Hotels Group during the 4th quarter worth approximately $2,206,000. BNP Paribas Financial Markets increased its stake in shares of InterContinental Hotels Group by 130.0% in the 1st quarter. BNP Paribas Financial Markets now owns 36,288 shares of the company’s stock valued at $3,834,000 after acquiring an additional 20,511 shares in the last quarter. Finally, Henry James International Management Inc. lifted its position in shares of InterContinental Hotels Group by 13.1% during the 1st quarter. Henry James International Management Inc. now owns 121,475 shares of the company’s stock valued at $13,000,000 after acquiring an additional 14,071 shares during the period. 15.09% of the stock is currently owned by institutional investors and hedge funds.

InterContinental Hotels Group Price Performance

Shares of NYSE IHG opened at $98.62 on Friday. InterContinental Hotels Group PLC has a 12-month low of $70.06 and a 12-month high of $112.08. The company’s fifty day simple moving average is $101.00 and its 200 day simple moving average is $102.29.

InterContinental Hotels Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, August 30th will be given a dividend of $0.532 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30.

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.