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

InterContinental Hotels Group PLC (NYSE:IHG) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company.

Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th.

Hedge Funds Weigh In On InterContinental Hotels Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IHG. Russell Investments Group Ltd. lifted its holdings in shares of InterContinental Hotels Group by 46.9% in the first quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock valued at $35,000 after buying an additional 106 shares during the period. Bank of New York Mellon Corp boosted its stake in InterContinental Hotels Group by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,620 shares of the company’s stock worth $1,337,000 after purchasing an additional 106 shares during the period. GAMMA Investing LLC grew its holdings in shares of InterContinental Hotels Group by 15.5% during the second quarter. GAMMA Investing LLC now owns 1,008 shares of the company’s stock valued at $107,000 after buying an additional 135 shares in the last quarter. QRG Capital Management Inc. increased its stake in InterContinental Hotels Group by 0.6% in the 3rd quarter. QRG Capital Management Inc. now owns 27,660 shares of the company’s stock valued at $3,056,000 after buying an additional 152 shares during the period. Finally, Ballentine Partners LLC raised its stake in shares of InterContinental Hotels Group by 7.2% during the 2nd quarter. Ballentine Partners LLC now owns 2,303 shares of the company’s stock worth $244,000 after purchasing an additional 154 shares in the last quarter. 15.09% of the stock is owned by institutional investors.

InterContinental Hotels Group Stock Performance

Shares of InterContinental Hotels Group stock opened at $121.10 on Thursday. InterContinental Hotels Group has a 1-year low of $72.51 and a 1-year high of $121.54. The business has a 50-day moving average of $109.45 and a 200-day moving average of $104.26.

InterContinental Hotels Group Increases Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, August 30th were paid a dividend of $0.532 per share. This is an increase from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. This represents a yield of 1.6%. The ex-dividend date was Friday, August 30th.

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.