InterContinental Hotels Group (NYSE:IHG) Hits New 12-Month High at $112.25

InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $112.25 and last traded at $111.60, with a volume of 15127 shares changing hands. The stock had previously closed at $110.78.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised InterContinental Hotels Group from a "neutral" rating to a "buy" rating in a report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, InterContinental Hotels Group presently has an average rating of "Hold".

InterContinental Hotels Group Stock Performance

The stock's 50-day moving average price is $100.78 and its 200-day moving average price is $102.04.

InterContinental Hotels Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Friday, August 30th will be paid a $0.532 dividend. This is a boost from InterContinental Hotels Group's previous Semi-Annual dividend of $0.30. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 30th.

Institutional Trading of InterContinental Hotels Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in shares of InterContinental Hotels Group by 5.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,497 shares of the company's stock valued at $319,000 after purchasing an additional 174 shares during the period. Parallel Advisors LLC boosted its stake in InterContinental Hotels Group by 15.8% during the 4th quarter. Parallel Advisors LLC now owns 828 shares of the company's stock worth $75,000 after acquiring an additional 113 shares during the last quarter. Scotia Capital Inc. grew its stake in InterContinental Hotels Group by 259.2% in the fourth quarter. Scotia Capital Inc. now owns 36,567 shares of the company's stock valued at $3,334,000 after acquiring an additional 26,386 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of InterContinental Hotels Group by 41.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 632,644 shares of the company's stock valued at $57,546,000 after buying an additional 185,045 shares during the period. Finally, Lake Street Advisors Group LLC acquired a new stake in shares of InterContinental Hotels Group during the fourth quarter worth $237,000. 15.09% of the stock is owned by institutional investors.

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.