XTX Topco Ltd Has $233,000 Stock Holdings in InterContinental Hotels Group PLC (NYSE:IHG)

XTX Topco Ltd cut its holdings in InterContinental Hotels Group PLC (NYSE:IHG) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,198 shares of the company’s stock after selling 189 shares during the quarter. XTX Topco Ltd’s holdings in InterContinental Hotels Group were worth $233,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of IHG. PNC Financial Services Group Inc. lifted 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 valued at $319,000 after acquiring an additional 174 shares in the last quarter. Parallel Advisors LLC lifted its stake in InterContinental Hotels Group by 15.8% in the 4th quarter. Parallel Advisors LLC now owns 828 shares of the company’s stock valued at $75,000 after acquiring an additional 113 shares in the last quarter. Scotia Capital Inc. lifted its stake in InterContinental Hotels Group by 259.2% in the 4th quarter. Scotia Capital Inc. now owns 36,567 shares of the company’s stock valued at $3,334,000 after acquiring an additional 26,386 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in InterContinental Hotels Group by 41.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 632,644 shares of the company’s stock valued at $57,546,000 after acquiring an additional 185,045 shares in the last quarter. Finally, Lake Street Advisors Group LLC bought a new stake in InterContinental Hotels Group in the 4th quarter valued at approximately $237,000. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

InterContinental Hotels Group Stock Up 0.4 %

Shares of InterContinental Hotels Group stock opened at $113.17 on Friday. InterContinental Hotels Group PLC has a 12-month low of $70.06 and a 12-month high of $114.20. The stock has a market cap of $18.29 billion, a P/E ratio of 23.10, a P/E/G ratio of 1.67 and a beta of 1.31. The business’s 50 day moving average is $101.03 and its 200-day moving average is $102.12.

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 paid a dividend of $0.532 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a dividend yield of 1.6%. This is a boost from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. InterContinental Hotels Group’s dividend payout ratio is currently 21.63%.

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.