Intercontinental Hotels Group (NYSE:IHG) Given Consensus Rating of "Hold" 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 recommendation of "Hold" from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two investment 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.

Separately, Wall Street Zen raised shares of Intercontinental Hotels Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. grew its position in shares of Intercontinental Hotels Group by 1.3% in the second quarter. Osaic Holdings Inc. now owns 7,216 shares of the company's stock valued at $827,000 after purchasing an additional 96 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Intercontinental Hotels Group in the 2nd quarter valued at $1,900,000. Captrust Financial Advisors increased its stake in shares of Intercontinental Hotels Group by 10.4% in the 2nd quarter. Captrust Financial Advisors now owns 16,745 shares of the company's stock worth $1,931,000 after acquiring an additional 1,578 shares during the last quarter. Vident Advisory LLC raised its holdings in shares of Intercontinental Hotels Group by 11.6% during the 2nd quarter. Vident Advisory LLC now owns 6,745 shares of the company's stock worth $778,000 after acquiring an additional 700 shares during the period. Finally, Lazard Asset Management LLC boosted its position in shares of Intercontinental Hotels Group by 98.4% during the 2nd quarter. Lazard Asset Management LLC now owns 355,863 shares of the company's stock valued at $41,044,000 after acquiring an additional 176,502 shares during the last quarter. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Hotels Group Price Performance

Shares of NYSE:IHG opened at $120.49 on Wednesday. Intercontinental Hotels Group has a 1 year low of $94.78 and a 1 year high of $137.25. The firm has a market capitalization of $18.52 billion, a PE ratio of 21.36, a P/E/G ratio of 1.70 and a beta of 1.27. The business's 50 day moving average price is $119.98 and its 200-day moving average price is $115.38.

Intercontinental Hotels Group Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, October 2nd. Investors of record on Friday, August 22nd will be paid a dividend of $0.566 per share. This represents a yield of 140.0%. The ex-dividend date of this dividend is Friday, August 22nd. Intercontinental Hotels Group's dividend payout ratio is currently 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.

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