Trillium Asset Management LLC Sells 1,710 Shares of InterContinental Hotels Group PLC (NYSE:IHG)

Trillium Asset Management LLC trimmed its position in InterContinental Hotels Group PLC (NYSE:IHG) by 2.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,793 shares of the company’s stock after selling 1,710 shares during the quarter. Trillium Asset Management LLC’s holdings in InterContinental Hotels Group were worth $7,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in InterContinental Hotels Group by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock worth $35,388,000 after acquiring an additional 73,361 shares in the last quarter. Entropy Technologies LP purchased a new stake in InterContinental Hotels Group in the 4th quarter worth approximately $262,000. World Investment Advisors LLC purchased a new stake in InterContinental Hotels Group in the 3rd quarter worth approximately $86,000. Jane Street Group LLC increased its holdings in InterContinental Hotels Group by 120.2% in the 3rd quarter. Jane Street Group LLC now owns 4,269 shares of the company’s stock worth $472,000 after acquiring an additional 2,330 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in InterContinental Hotels Group by 6.7% in the 3rd quarter. Stifel Financial Corp now owns 17,581 shares of the company’s stock worth $1,943,000 after acquiring an additional 1,107 shares in the last quarter. 15.09% of the stock is owned by hedge funds and other institutional investors.

InterContinental Hotels Group Price Performance

Shares of IHG opened at $112.75 on Thursday. The company has a 50 day simple moving average of $126.86 and a two-hundred day simple moving average of $120.29. InterContinental Hotels Group PLC has a 1 year low of $91.57 and a 1 year high of $137.25. The firm has a market cap of $17.79 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33.

InterContinental Hotels Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be issued a $1.144 dividend. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. This represents a dividend yield of 1.4%. InterContinental Hotels Group’s dividend payout ratio (DPR) is 18.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on IHG shares. Citigroup started coverage on shares of InterContinental Hotels Group in a report on Monday, February 24th. They set a “sell” rating for the company. Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein raised shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, InterContinental Hotels Group presently has a consensus rating of “Hold”.

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.