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

InterContinental Hotels Group PLC (NYSE:IHG) has been given a consensus rating of “Hold” by the five analysts that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company.

A number of research firms have recently issued reports on IHG. Citigroup began coverage on InterContinental Hotels Group in a report on Monday, February 24th. They issued a “sell” rating on the stock. Sanford C. Bernstein raised shares of InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Finally, Morgan Stanley lowered shares of InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th.

InterContinental Hotels Group Trading Down 2.0 %

Shares of IHG stock opened at $112.17 on Wednesday. The company has a market capitalization of $17.69 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The business’s 50 day moving average is $127.04 and its two-hundred day moving average is $120.35. InterContinental Hotels Group has a twelve month low of $91.57 and a twelve month 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 dividend of $1.144 per share. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. This represents a yield of 1.4%. The ex-dividend date of this dividend is Friday, April 4th. InterContinental Hotels Group’s dividend payout ratio is presently 18.79%.

Institutional Trading of InterContinental Hotels Group

Several large investors have recently bought and sold shares of the company. Richardson Financial Services Inc. acquired a new stake in InterContinental Hotels Group during the 4th quarter valued at $25,000. 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 buying an additional 101 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of InterContinental Hotels Group during the fourth quarter valued at $42,000. Venturi Wealth Management LLC acquired a new stake in shares of InterContinental Hotels Group during the fourth quarter valued at $72,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of InterContinental Hotels Group by 419.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 571 shares of the company’s stock valued at $72,000 after acquiring an additional 461 shares during the last quarter. Institutional investors and hedge funds 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.