Gitterman Wealth Management LLC Invests $252,000 in InterContinental Hotels Group PLC (NYSE:IHG)

Gitterman Wealth Management LLC bought a new position in InterContinental Hotels Group PLC (NYSE:IHG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,760 shares of the company’s stock, valued at approximately $252,000.

Several other institutional investors have also recently made changes to their positions in IHG. CWM LLC increased its position in InterContinental Hotels Group by 621.2% during the 3rd quarter. CWM LLC now owns 375 shares of the company’s stock valued at $28,000 after buying an additional 323 shares in the last quarter. GAMMA Investing LLC bought a new position in InterContinental Hotels Group during the 4th quarter valued at approximately $74,000. Allworth Financial LP increased its position in InterContinental Hotels Group by 1,900.0% during the 3rd quarter. Allworth Financial LP now owns 780 shares of the company’s stock valued at $58,000 after buying an additional 741 shares in the last quarter. Blue Trust Inc. increased its position in InterContinental Hotels Group by 15,850.0% during the 4th quarter. Blue Trust Inc. now owns 957 shares of the company’s stock valued at $87,000 after buying an additional 951 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in InterContinental Hotels Group during the 3rd quarter valued at approximately $73,000. Institutional investors own 15.09% of the company’s stock.

Analyst Upgrades and Downgrades

IHG has been the subject of a number of analyst reports. Societe Generale lowered InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Sanford C. Bernstein downgraded InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research note on Wednesday, March 13th. StockNews.com downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Jefferies Financial Group downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Two research 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.com, InterContinental Hotels Group presently has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Performance

Shares of IHG stock traded up $0.22 on Friday, reaching $100.93. The stock had a trading volume of 81,927 shares, compared to its average volume of 182,417. 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 simple moving average of $104.02 and a 200 day simple moving average of $91.78.

InterContinental Hotels Group Increases Dividend

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

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.