Intercontinental Hotels Group (NYSE:IHG - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $134.16 and traded as high as $143.87. Intercontinental Hotels Group shares last traded at $140.8130, with a volume of 181,682 shares changing hands.
Analysts Set New Price Targets
Several analysts have weighed in on IHG shares. Berenberg Bank upgraded shares of Intercontinental Hotels Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a "buy (b)" rating on shares of Intercontinental Hotels Group in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Intercontinental Hotels Group presently has a consensus rating of "Buy".
View Our Latest Stock Analysis on IHG
Intercontinental Hotels Group Price Performance
The firm has a 50-day moving average price of $137.63 and a two-hundred day moving average price of $134.16.
Intercontinental Hotels Group Dividend Announcement
The firm also recently announced a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Friday, April 10th will be paid a $1.259 dividend. The ex-dividend date is Friday, April 10th. This represents a dividend yield of 178.0%.
Institutional Trading of Intercontinental Hotels Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. increased its stake in shares of Intercontinental Hotels Group by 178.5% in the fourth quarter. Brown Brothers Harriman & Co. now owns 181 shares of the company's stock valued at $25,000 after buying an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of Intercontinental Hotels Group by 1,453.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 202 shares of the company's stock valued at $28,000 after buying an additional 189 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Intercontinental Hotels Group by 111.0% in the fourth quarter. Fifth Third Bancorp now owns 211 shares of the company's stock valued at $30,000 after buying an additional 111 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Intercontinental Hotels Group by 72.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company's stock valued at $30,000 after buying an additional 91 shares in the last quarter. Finally, Global Retirement Partners LLC increased its stake in shares of Intercontinental Hotels Group by 525.6% in the fourth quarter. Global Retirement Partners LLC now owns 269 shares of the company's stock valued at $38,000 after buying an additional 226 shares in the last quarter. 15.09% of the stock is currently owned by institutional investors and hedge funds.
Intercontinental Hotels Group Company Profile
(
Get Free Report)
Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG's business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.
IHG's brand portfolio spans global and regional names designed to serve different traveler needs and market segments.
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