InterContinental Hotels Group PLC (NYSE:IHG) Receives Consensus Rating of "Hold" from Analysts

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

A number of equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded InterContinental Hotels Group from a "sell" rating to a "hold" rating in a report on Monday, April 14th. Citigroup started coverage on InterContinental Hotels Group in a report on Monday, February 24th. They set a "sell" rating for the company.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IHG. Entropy Technologies LP acquired a new stake in InterContinental Hotels Group in the fourth quarter valued at about $262,000. World Investment Advisors LLC acquired a new position in shares of InterContinental Hotels Group during the third quarter worth approximately $86,000. Raymond James Financial Inc. acquired a new position in shares of InterContinental Hotels Group during the fourth quarter worth approximately $13,796,000. Atria Wealth Solutions Inc. raised its position in shares of InterContinental Hotels Group by 40.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 5,545 shares of the company's stock worth $693,000 after purchasing an additional 1,606 shares during the period. Finally, Wealthstar Advisors LLC acquired a new position in shares of InterContinental Hotels Group during the fourth quarter worth approximately $497,000. 15.09% of the stock is owned by institutional investors and hedge funds.

InterContinental Hotels Group Trading Up 0.7%

IHG traded up $0.82 during midday trading on Friday, hitting $124.57. The company's stock had a trading volume of 173,024 shares, compared to its average volume of 189,732. The firm has a market cap of $19.39 billion, a P/E ratio of 22.08, a PEG ratio of 1.69 and a beta of 1.34. The firm has a 50-day moving average price of $108.98 and a two-hundred day moving average price of $120.09. InterContinental Hotels Group has a 52-week low of $91.57 and a 52-week high of $137.25.

InterContinental Hotels Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Investors of record on Friday, April 4th will be issued a dividend of $1.144 per share. The ex-dividend date is Friday, April 4th. This is a positive change from InterContinental Hotels Group's previous semi-annual dividend of $0.53. This represents a dividend yield of 1.4%. InterContinental Hotels Group's payout ratio is presently 39.36%.

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.