InterContinental Hotels Group PLC (NYSE:IHG) Receives Consensus Rating of “Hold” from Brokerages

Shares of InterContinental Hotels Group PLC (NYSE:IHG) have been given a consensus rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company.

IHG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded InterContinental Hotels Group from a “sell” rating to a “hold” rating in a research report on Monday, April 14th. Citigroup started coverage on InterContinental Hotels Group in a report on Monday, February 24th. They set a “sell” rating for the company.

InterContinental Hotels Group Stock Performance

Shares of InterContinental Hotels Group stock opened at $123.78 on Friday. InterContinental Hotels Group has a fifty-two week low of $91.57 and a fifty-two week high of $137.25. The firm has a 50-day simple moving average of $108.98 and a two-hundred day simple moving average of $120.09. The company has a market cap of $19.27 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34.

InterContinental Hotels Group Increases Dividend

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

Institutional Trading of InterContinental Hotels Group

Several large investors have recently bought and sold shares of the business. Richardson Financial Services Inc. acquired a new stake in shares of InterContinental Hotels Group in the fourth quarter valued at approximately $25,000. Golden State Wealth Management LLC raised its stake in InterContinental Hotels Group by 100.0% during the first 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 boosted its holdings in InterContinental Hotels Group by 219.5% in the 1st quarter. Brooklyn Investment Group now owns 246 shares of the company’s stock valued at $27,000 after purchasing an additional 169 shares during the last quarter. Whittier Trust Co. grew its stake in shares of InterContinental Hotels Group by 186.3% in the 1st quarter. Whittier Trust Co. now owns 272 shares of the company’s stock valued at $30,000 after buying an additional 177 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of InterContinental Hotels Group by 67.3% during the 4th quarter. Farther Finance Advisors LLC now owns 251 shares of the company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

About InterContinental Hotels Group

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.