Lake Street Advisors Group LLC Sells 117 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Lake Street Advisors Group LLC decreased its position in shares of InterContinental Hotels Group PLC (NYSE:IHG) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,364 shares of the company’s stock after selling 117 shares during the quarter. Lake Street Advisors Group LLC’s holdings in InterContinental Hotels Group were worth $356,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its stake in InterContinental Hotels Group by 46.9% in the 1st quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after buying an additional 106 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of InterContinental Hotels Group by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock valued at $1,337,000 after purchasing an additional 106 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of InterContinental Hotels Group by 15.8% during the 4th quarter. Parallel Advisors LLC now owns 828 shares of the company’s stock valued at $75,000 after purchasing an additional 113 shares during the period. GAMMA Investing LLC lifted its holdings in InterContinental Hotels Group by 15.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock worth $107,000 after purchasing an additional 135 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in InterContinental Hotels Group by 5.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,497 shares of the company’s stock worth $319,000 after purchasing an additional 174 shares during the period. Hedge funds and other institutional investors own 15.09% of the company’s stock.

InterContinental Hotels Group Stock Down 0.5 %

IHG stock opened at $98.62 on Monday. The stock has a 50-day simple moving average of $101.00 and a two-hundred day simple moving average of $102.24. InterContinental Hotels Group PLC has a twelve month low of $70.06 and a twelve month high of $112.08.

InterContinental Hotels Group Increases Dividend

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

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.