Intercontinental Hotels Group (NYSE:IHG) Given Average Rating of "Hold" by Analysts

Key Points

• Intercontinental Hotels Group (IHG) has received a consensus rating of "Hold" from six brokerages, with two buy and two sell recommendations.
• Shares of IHG recently received an upgrade from "hold" to "buy" by Wall Street Zen.
• The company disclosed a semi-annual dividend of $0.566, which is set to be paid on October 2nd, representing a payout ratio of 20.04%.

Shares of Intercontinental Hotels Group (NYSE:IHG - Get Free Report) have been assigned an average rating of "Hold" from the six analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company.

Separately, Wall Street Zen raised Intercontinental Hotels Group from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd.

Institutional Investors Weigh In On Intercontinental Hotels Group

A number of hedge funds and other institutional investors have recently made changes to their positions in IHG. Golden State Wealth Management LLC raised its stake in shares of Intercontinental Hotels Group by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 114 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of Intercontinental Hotels Group by 219.5% in the 1st quarter. Brooklyn Investment Group now owns 246 shares of the company's stock valued at $27,000 after acquiring an additional 169 shares in the last quarter. Whittier Trust Co. raised its stake in shares of Intercontinental Hotels Group by 186.3% in the 1st quarter. Whittier Trust Co. now owns 272 shares of the company's stock valued at $30,000 after acquiring an additional 177 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Intercontinental Hotels Group by 48.7% in the 1st quarter. TD Private Client Wealth LLC now owns 348 shares of the company's stock valued at $38,000 after acquiring an additional 114 shares in the last quarter. Finally, Hilltop National Bank bought a new position in shares of Intercontinental Hotels Group in the 2nd quarter valued at approximately $41,000. 15.09% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Hotels Group Stock Up 0.4%

Shares of IHG traded up $0.43 during midday trading on Friday, reaching $122.85. 121,236 shares of the stock were exchanged, compared to its average volume of 207,676. Intercontinental Hotels Group has a 12-month low of $94.78 and a 12-month high of $137.25. The firm has a 50 day simple moving average of $118.46 and a 200-day simple moving average of $116.14. The company has a market cap of $18.91 billion, a price-to-earnings ratio of 21.78, a P/E/G ratio of 1.69 and a beta of 1.33.

Intercontinental Hotels Group Cuts Dividend

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