<div id="readability-page-1"><p>Earnest Partners LLC cut its stake in shares of  Intercontinental Hotels Group (NYSE:IHG - Free Report) by 30.1% during the first quarter, according to the company in its most recent filing with the Securities &amp; Exchange Commission. The firm owned 8,198 shares of the company's stock after selling 3,536 shares during the quarter. Earnest Partners LLC's holdings in Intercontinental Hotels Group were worth $898,000 at the end of the most recent quarter.</p><ul><li>Hyatt Hotels Surges on the Leisure and Business Travel Boom  </li></ul><p>A number of other institutional investors and hedge funds have also made changes to their positions in IHG. Golden State Wealth Management LLC grew its stake in shares of  Intercontinental Hotels Group by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 114 shares during the period.  Brooklyn Investment Group grew its stake in shares of  Intercontinental Hotels Group by 219.5% during the 1st quarter. Brooklyn Investment Group now owns 246 shares of the company's stock worth $27,000 after purchasing an additional 169 shares during the period.  Whittier Trust Co. grew its stake in shares of  Intercontinental Hotels Group by 186.3% during the 1st quarter. Whittier Trust Co. now owns 272 shares of the company's stock worth $30,000 after purchasing an additional 177 shares during the period.  TD Private Client Wealth LLC grew its stake in shares of  Intercontinental Hotels Group by 48.7% during the 1st quarter. TD Private Client Wealth LLC now owns 348 shares of the company's stock worth $38,000 after purchasing an additional 114 shares during the period.  Finally, Aviso Financial Inc. acquired a new position in shares of  Intercontinental Hotels Group during the 1st quarter worth $66,000. 15.09% of the stock is owned by institutional investors and hedge funds. </p><h2>Analysts Set New Price Targets</h2><p>Separately, Wall Street Zen raised shares of Intercontinental Hotels Group from a &#34;hold&#34; rating to a &#34;buy&#34; rating in a research note on Friday, August 22nd. Two equities research analysts have rated the stock with a Buy rating, two have issued  a Hold rating and two have assigned  a Sell rating to the company. According to MarketBeat, the stock  has a consensus rating of &#34;Hold&#34;.</p><ul><li>Airline and hotel stocks soar as Thanksgiving travel sets records</li></ul><p><b>View Our Latest Analysis on Intercontinental Hotels Group</b></p><h2>Intercontinental Hotels Group Trading Up 0.4%</h2><p>Shares of NYSE IHG opened at $122.85 on Friday. The stock has a market cap of $18.91 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.69 and a beta of 1.33. Intercontinental Hotels Group has a 52 week low of $94.78 and a 52 week high of $137.25. The company's 50-day moving average price is $118.46 and its 200 day moving average price is $116.14. </p><h2>Intercontinental Hotels Group Cuts Dividend</h2><ul><li>Checking In On Hotel Stocks: Room for Growth?</li></ul><p>The company also recently announced a semi-annual dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, August 22nd will be issued a $0.566 dividend. This represents a yield of 140.0%. The ex-dividend date is Friday, August 22nd. Intercontinental Hotels Group's dividend payout ratio  is 20.04%. </p><h2>About Intercontinental Hotels Group</h2> (Free Report)<p>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 &amp; Resorts, Vignette Collection, Kimpton Hotels &amp; 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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Intercontinental Hotels Group</li><li>What Are the FAANG Stocks and Are They Good Investments?</li><li>Snowflake’s Snowballing Business and Robust Stock Price Outlook</li><li>Most Volatile Stocks, What Investors Need to Know</li><li>Chevron Stock Outlook: Dividend Growth Meets Inflation</li><li>What is the Dogs of the Dow Strategy? Overview and Examples</li><li>Best Buy Marketplace: Potential Growth Catalyst or Risky Gimmick?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlIRw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlIRw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Intercontinental Hotels Group Right Now?</h2><p>Before you consider Intercontinental Hotels Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Intercontinental Hotels Group wasn't on the list.</p><p>While Intercontinental Hotels Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Earnest Partners LLC reduced its stake in Intercontinental Hotels Group (NYSE: IHG) by 30.1% in Q1, now holding 8,198 shares valued at $898,000. Other investors, including Golden State Wealth Management and Brooklyn Investment Group, increased their stakes. Analysts have mixed ratings on IHG, with a consensus of "Hold." The stock opened at $122.85, with a market cap of $18.91 billion. IHG announced a semi-annual dividend of $0.566, yielding 140.0%.</p>

Intercontinental Hotels Group $IHG Shares Sold by Earnest Partners LLC