Henry James International Management Inc. Sells 575 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Henry James International Management Inc. trimmed its position in InterContinental Hotels Group PLC (NYSE:IHG) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,404 shares of the company’s stock after selling 575 shares during the quarter. InterContinental Hotels Group accounts for 3.7% of Henry James International Management Inc.’s portfolio, making the stock its 5th largest position. Henry James International Management Inc. owned about 0.06% of InterContinental Hotels Group worth $9,793,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IHG. Natixis Advisors L.P. boosted its holdings in InterContinental Hotels Group by 214.8% during the third quarter. Natixis Advisors L.P. now owns 576,718 shares of the company’s stock valued at $43,110,000 after purchasing an additional 393,528 shares in the last quarter. Raymond James & Associates bought a new stake in InterContinental Hotels Group in the third quarter valued at $7,666,000. Optiver Holding B.V. acquired a new position in InterContinental Hotels Group during the third quarter worth $5,302,000. LPL Financial LLC lifted its holdings in shares of InterContinental Hotels Group by 474.8% during the third quarter. LPL Financial LLC now owns 64,546 shares of the company’s stock valued at $4,825,000 after acquiring an additional 53,316 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of InterContinental Hotels Group in the 3rd quarter valued at $2,615,000. 15.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

InterContinental Hotels Group Price Performance

Shares of IHG stock traded down $1.33 during trading hours on Friday, reaching $98.01. 177,113 shares of the company were exchanged, compared to its average volume of 155,806. The stock’s fifty day moving average is $103.23 and its two-hundred day moving average is $92.65. InterContinental Hotels Group PLC has a fifty-two week low of $65.22 and a fifty-two week high of $112.08.

InterContinental Hotels Group Increases Dividend

The company also recently announced 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 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 is Thursday, April 4th.

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.