InterContinental Hotels Group PLC (NYSE:IHG) Given Average Rating of "Hold" by Brokerages

InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report) has been given an average recommendation of "Hold" by the five analysts that are covering the company, Marketbeat 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 report on Wednesday, September 18th.

Institutional Trading of InterContinental Hotels Group

A number of large investors have recently modified their holdings of IHG. Allspring Global Investments Holdings LLC purchased a new stake in shares of InterContinental Hotels Group in the first quarter valued at approximately $48,000. Private Advisor Group LLC raised its stake in InterContinental Hotels Group by 20.5% in the first quarter. Private Advisor Group LLC now owns 3,212 shares of the company's stock worth $339,000 after buying an additional 547 shares in the last quarter. BNP Paribas Financial Markets raised its stake in InterContinental Hotels Group by 130.0% in the first quarter. BNP Paribas Financial Markets now owns 36,288 shares of the company's stock worth $3,834,000 after buying an additional 20,511 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in InterContinental Hotels Group by 37.3% in the first quarter. Rehmann Capital Advisory Group now owns 3,146 shares of the company's stock worth $332,000 after buying an additional 855 shares in the last quarter. Finally, Signaturefd LLC raised its stake in InterContinental Hotels Group by 3.1% in the first quarter. Signaturefd LLC now owns 9,059 shares of the company's stock worth $957,000 after buying an additional 272 shares in the last quarter. Hedge funds and other institutional investors own 15.09% of the company's stock.

InterContinental Hotels Group Stock Up 0.2 %

Shares of NYSE:IHG traded up $0.29 during trading hours on Thursday, hitting $118.63. 88,663 shares of the company's stock traded hands, compared to its average volume of 175,355. InterContinental Hotels Group has a 1 year low of $72.51 and a 1 year high of $119.58. The business has a fifty day moving average price of $108.67 and a 200-day moving average price of $103.97.

InterContinental Hotels Group Increases Dividend

The company also recently declared a Semi-Annual dividend, which was paid on Thursday, October 3rd. Investors of record on Friday, August 30th were issued a $0.532 dividend. This is a positive change from InterContinental Hotels Group's previous Semi-Annual dividend of $0.30. The ex-dividend date was Friday, August 30th. This represents a dividend yield of 1.6%.

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.