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

InterContinental Hotels Group PLC (NYSE:IHG) has received a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company.

Several equities analysts have weighed in on IHG shares. Sanford C. Bernstein upgraded shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a report on Friday, January 10th. Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, January 8th. Barclays upgraded InterContinental Hotels Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 15th. Finally, Citigroup started coverage on InterContinental Hotels Group in a research report on Monday, February 24th. They issued a “sell” rating on the stock.

InterContinental Hotels Group Trading Up 2.1 %

Shares of IHG stock opened at $113.69 on Wednesday. InterContinental Hotels Group has a twelve month low of $91.57 and a twelve month high of $137.25. The company’s 50-day moving average price is $127.42 and its 200-day moving average price is $119.88. The stock has a market cap of $17.98 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.69 and a beta of 1.33.

InterContinental Hotels Group Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be given a dividend of $1.144 per share. The ex-dividend date of this dividend is Friday, April 4th. This is a boost from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. This represents a dividend yield of 1.4%. InterContinental Hotels Group’s dividend payout ratio (DPR) is currently 18.79%.

Hedge Funds Weigh In On InterContinental Hotels Group

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

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.