Intercontinental Hotels Group (NYSE:IHG) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• Intercontinental Hotels Group (NYSE:IHG) received a consensus rating of "Hold" from six brokerages, with two analysts recommending a sell, two a hold, and two a buy.
• Wall Street Zen upgraded IHG's rating from "hold" to "buy," indicating improved investor sentiment.
• The company recently announced a semi-annual dividend of $0.566 per share with a yield of 140.0%, while its dividend payout ratio stands at 20.04%.

Intercontinental Hotels Group (NYSE:IHG - Get Free Report) has been assigned a consensus rating of "Reduce" from the five research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company.

Separately, Wall Street Zen upgraded Intercontinental Hotels Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Aaron Wealth Advisors LLC raised its stake in shares of Intercontinental Hotels Group by 4.5% during the 1st quarter. Aaron Wealth Advisors LLC now owns 2,245 shares of the company's stock worth $246,000 after buying an additional 96 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Intercontinental Hotels Group by 4.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,092 shares of the company's stock worth $232,000 after purchasing an additional 96 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Intercontinental Hotels Group by 1.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,216 shares of the company's stock worth $827,000 after purchasing an additional 96 shares during the period. Frank Rimerman Advisors LLC grew its holdings in shares of Intercontinental Hotels Group by 3.9% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,571 shares of the company's stock worth $297,000 after purchasing an additional 97 shares during the period. Finally, TD Private Client Wealth LLC lifted its stake in Intercontinental Hotels Group by 48.7% during the 1st quarter. TD Private Client Wealth LLC now owns 348 shares of the company's stock worth $38,000 after acquiring an additional 114 shares in the last quarter. 15.09% of the stock is owned by institutional investors and hedge funds.

Intercontinental Hotels Group Trading Up 1.5%

Intercontinental Hotels Group stock traded up $1.76 during midday trading on Wednesday, hitting $119.88. The stock had a trading volume of 175,931 shares, compared to its average volume of 143,028. The firm's fifty day moving average is $119.85 and its two-hundred day moving average is $115.30. The company has a market capitalization of $18.42 billion, a PE ratio of 21.26, a P/E/G ratio of 1.68 and a beta of 1.27. Intercontinental Hotels Group has a 52-week low of $94.78 and a 52-week high of $137.25.

Intercontinental Hotels Group Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Friday, August 22nd will be paid a $0.566 dividend. This represents a yield of 140.0%. The ex-dividend date is Friday, August 22nd. Intercontinental Hotels Group's payout ratio is 20.04%.

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.