InterContinental Hotels Group PLC (NYSE:IHG) Given Consensus Recommendation of “Hold” by Analysts

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have received an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company.

A number of brokerages have issued reports on IHG. Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Citigroup began coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They set a “sell” rating for the company. Morgan Stanley cut shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research report on Monday, April 14th.

InterContinental Hotels Group Stock Up 0.7 %

Shares of InterContinental Hotels Group stock opened at $101.45 on Monday. The firm has a market cap of $15.94 billion, a PE ratio of 17.99, a P/E/G ratio of 1.69 and a beta of 1.29. InterContinental Hotels Group has a fifty-two week low of $91.57 and a fifty-two week high of $137.25. The business’s fifty day moving average is $114.79 and its two-hundred day moving average is $120.28.

InterContinental Hotels Group Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be given a dividend of $1.144 per share. This represents a yield of 1.4%. This is a boost from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. The ex-dividend date is Friday, April 4th. InterContinental Hotels Group’s dividend payout ratio is 39.36%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IHG. Independent Advisor Alliance lifted its position in InterContinental Hotels Group by 0.8% during the 4th quarter. Independent Advisor Alliance now owns 9,674 shares of the company’s stock worth $1,209,000 after acquiring an additional 76 shares in the last quarter. Denali Advisors LLC boosted its stake in shares of InterContinental Hotels Group by 2.3% in the fourth quarter. Denali Advisors LLC now owns 3,870 shares of the company’s stock valued at $483,000 after purchasing an additional 87 shares during the period. Farther Finance Advisors LLC grew its holdings in InterContinental Hotels Group by 67.3% during the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Moors & Cabot Inc. increased its stake in InterContinental Hotels Group by 3.2% during the 4th quarter. Moors & Cabot Inc. now owns 4,415 shares of the company’s stock worth $552,000 after buying an additional 136 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in InterContinental Hotels Group by 7.1% in the 4th quarter. Ballentine Partners LLC now owns 2,344 shares of the company’s stock worth $293,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 15.09% of the company’s stock.

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.