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

InterContinental Hotels Group PLC (NYSE:IHG) has earned a consensus rating of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company.

Separately, The Goldman Sachs Group raised shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 18th.

InterContinental Hotels Group Stock Up 0.8 %

Shares of NYSE IHG opened at $112.26 on Friday. InterContinental Hotels Group has a 1 year low of $70.06 and a 1 year high of $114.20. The firm’s 50-day moving average is $102.64 and its 200-day moving average is $102.50.

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 given a $0.532 dividend. This represents a dividend yield of 1.6%. This is an increase from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. The ex-dividend date was Friday, August 30th.

Institutional Trading of InterContinental Hotels Group

A number of hedge funds have recently modified their holdings of the company. Bank of Montreal Can acquired a new stake in InterContinental Hotels Group during the 2nd quarter worth approximately $3,892,000. BNP Paribas Financial Markets raised its holdings in InterContinental Hotels Group by 130.0% during the 1st 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 during the period. Natixis Advisors LLC raised its holdings in InterContinental Hotels Group by 2.8% during the 2nd quarter. Natixis Advisors LLC now owns 736,042 shares of the company’s stock worth $77,984,000 after buying an additional 20,280 shares during the period. Henry James International Management Inc. raised its holdings in InterContinental Hotels Group by 13.1% during the 1st quarter. Henry James International Management Inc. now owns 121,475 shares of the company’s stock worth $13,000,000 after buying an additional 14,071 shares during the period. Finally, Capital Wealth Planning LLC raised its holdings in InterContinental Hotels Group by 125.2% during the 2nd quarter. Capital Wealth Planning LLC now owns 24,257 shares of the company’s stock worth $2,570,000 after buying an additional 13,487 shares during the period. 15.09% of the stock is currently owned by institutional investors and hedge funds.

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.