AQR Capital Management LLC Increases Position in InterContinental Hotels Group PLC (NYSE:IHG)

AQR Capital Management LLC lifted its holdings in InterContinental Hotels Group PLC (NYSE:IHG) by 8.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,699 shares of the company’s stock after buying an additional 538 shares during the period. AQR Capital Management LLC’s holdings in InterContinental Hotels Group were worth $710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Natixis Advisors LLC lifted its stake in InterContinental Hotels Group by 2.8% in the second quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock valued at $77,984,000 after purchasing an additional 20,280 shares during the last quarter. Raymond James & Associates lifted its stake in InterContinental Hotels Group by 1.2% in the second quarter. Raymond James & Associates now owns 123,232 shares of the company’s stock valued at $13,056,000 after purchasing an additional 1,475 shares during the last quarter. Henry James International Management Inc. lifted its stake in InterContinental Hotels Group by 13.1% in the first quarter. Henry James International Management Inc. now owns 121,475 shares of the company’s stock valued at $13,000,000 after purchasing an additional 14,071 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of InterContinental Hotels Group by 6.3% during the second quarter. Envestnet Asset Management Inc. now owns 58,321 shares of the company’s stock worth $6,179,000 after acquiring an additional 3,431 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of InterContinental Hotels Group by 8.9% during the second quarter. Massachusetts Financial Services Co. MA now owns 50,094 shares of the company’s stock worth $5,307,000 after acquiring an additional 4,087 shares in the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, InterContinental Hotels Group has an average rating of “Hold”.

InterContinental Hotels Group Stock Performance

NYSE:IHG opened at $112.26 on Monday. The stock’s fifty day moving average price is $102.64 and its two-hundred day moving average price is $102.48. InterContinental Hotels Group PLC has a 1 year low of $70.06 and a 1 year high of $114.20.

InterContinental Hotels Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, August 30th were issued a $0.532 dividend. The ex-dividend date was 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 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.