InterContinental Hotels Group (NYSE:IHG) Raised to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group (NYSE:IHG) from a sell rating to a hold rating in a research report sent to investors on Monday, Marketbeat Ratings reports.

A number of other equities research analysts have also issued reports on the stock. Citigroup assumed coverage on shares of InterContinental Hotels Group in a report on Monday, February 24th. They set a “sell” rating on the stock. Morgan Stanley lowered InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein upgraded InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, InterContinental Hotels Group currently has an average rating of “Hold”.

InterContinental Hotels Group Trading Down 0.3 %

Shares of IHG opened at $103.67 on Monday. The business’s 50-day moving average price is $117.51 and its 200 day moving average price is $120.49. The stock has a market capitalization of $16.30 billion, a P/E ratio of 18.38, a P/E/G ratio of 1.69 and a beta of 1.29. InterContinental Hotels Group has a 1-year low of $91.57 and a 1-year high of $137.25.

InterContinental Hotels Group Increases Dividend

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

Hedge Funds Weigh In On InterContinental Hotels Group

A number of hedge funds have recently modified their holdings of IHG. Richardson Financial Services Inc. acquired a new stake in InterContinental Hotels Group during the fourth quarter valued at $25,000. Farther Finance Advisors LLC lifted 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 valued at $31,000 after buying an additional 101 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of InterContinental Hotels Group in the 4th quarter valued at approximately $42,000. Smartleaf Asset Management LLC increased its holdings in InterContinental Hotels Group by 419.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock worth $72,000 after buying an additional 461 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in InterContinental Hotels Group during the fourth quarter valued at approximately $72,000. 15.09% of the stock is owned by institutional investors and hedge funds.

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.