Intercontinental Hotels Group (NYSE:IHG) Receives Consensus Rating of "Hold" from Brokerages

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%.

Intercontinental Hotels Group (NYSE:IHG - Get Free Report) has received a consensus rating of "Hold" from the six brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company.

Separately, Wall Street Zen upgraded shares of Intercontinental Hotels Group from a "hold" rating to a "buy" rating in a report on Friday.

Hedge Funds Weigh In On Intercontinental Hotels Group

A number of institutional investors have recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC increased its holdings in Intercontinental Hotels Group by 4.5% during the first 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 last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Intercontinental Hotels Group by 4.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,092 shares of the company's stock valued at $232,000 after acquiring an additional 96 shares during the period. Frank Rimerman Advisors LLC lifted its position in Intercontinental Hotels Group by 3.9% during the second 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. Golden State Wealth Management LLC lifted its position in Intercontinental Hotels Group by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 228 shares of the company's stock worth $25,000 after purchasing an additional 114 shares during the period. Finally, TD Private Client Wealth LLC lifted its position in Intercontinental Hotels Group by 48.7% during the first quarter. TD Private Client Wealth LLC now owns 348 shares of the company's stock worth $38,000 after purchasing an additional 114 shares during the period. 15.09% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Hotels Group Trading Up 2.2%

Shares of NYSE IHG opened at $122.63 on Friday. The firm has a market capitalization of $18.90 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33. Intercontinental Hotels Group has a 1 year low of $94.78 and a 1 year high of $137.25. The firm's 50-day moving average is $117.71 and its 200-day moving average is $116.52.

Intercontinental Hotels Group Cuts Dividend

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

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.

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