InterContinental Hotels Group PLC (NYSE:IHG) Receives Consensus Rating of "Hold" from Analysts

InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report) has been assigned a consensus rating of "Hold" from the six research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company.

IHG has been the subject of several research analyst reports. Citigroup initiated coverage on shares of InterContinental Hotels Group in a report on Monday, February 24th. They issued a "sell" rating for the company. Morgan Stanley downgraded shares of InterContinental Hotels Group from an "equal weight" rating to an "underweight" rating in a report on Wednesday, January 8th. 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of InterContinental Hotels Group from a "sell" rating to a "hold" rating in a research note on Monday, April 14th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IHG. Richardson Financial Services Inc. acquired a new position in shares of InterContinental Hotels Group during the 4th quarter worth about $25,000. Farther Finance Advisors LLC boosted its position in InterContinental Hotels Group by 67.3% during the fourth quarter. Farther Finance Advisors LLC now owns 251 shares of the company's stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in InterContinental Hotels Group in the fourth quarter valued at approximately $42,000. Venturi Wealth Management LLC acquired a new position in shares of InterContinental Hotels Group during the 4th quarter worth approximately $72,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of InterContinental Hotels Group by 419.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 571 shares of the company's stock valued at $72,000 after buying an additional 461 shares during the last quarter. Institutional investors own 15.09% of the company's stock.

InterContinental Hotels Group Trading Up 0.7 %

Shares of IHG stock traded up $0.71 on Monday, reaching $101.45. The company had a trading volume of 322,417 shares, compared to its average volume of 186,773. The stock has a market cap of $15.94 billion, a PE ratio of 17.99, a PEG ratio of 1.69 and a beta of 1.29. The company has a 50-day moving average of $114.79 and a 200-day moving average of $120.13. InterContinental Hotels Group has a 12 month low of $91.57 and a 12 month high of $137.25.

InterContinental Hotels Group Increases Dividend

The firm also recently disclosed 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%. The ex-dividend date of this dividend is Friday, April 4th. This is a positive change from InterContinental Hotels Group's previous semi-annual dividend of $0.53. InterContinental Hotels Group's payout ratio is currently 39.36%.

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.