InterContinental Hotels Group (NYSE:IHG) Stock Price Crosses Above Two Hundred Day Moving Average of $90.35

InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $90.35 and traded as high as $100.38. InterContinental Hotels Group shares last traded at $98.17, with a volume of 153,824 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IHG shares. Sanford C. Bernstein lowered InterContinental Hotels Group from a "market perform" rating to an "underperform" rating in a research report on Wednesday, March 13th. StockNews.com lowered InterContinental Hotels Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 29th. Societe Generale lowered InterContinental Hotels Group from a "buy" rating to a "hold" rating in a research report on Wednesday, February 7th. Finally, Jefferies Financial Group lowered InterContinental Hotels Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, InterContinental Hotels Group presently has an average rating of "Hold".

InterContinental Hotels Group Stock Performance

The business has a 50 day moving average of $103.67 and a two-hundred day moving average of $90.51.

InterContinental Hotels Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Friday, April 5th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from InterContinental Hotels Group's previous semi-annual dividend of $0.48. This represents a dividend yield of 1.4%.

Hedge Funds Weigh In On InterContinental Hotels Group

Institutional investors have recently modified their holdings of the business. CWM LLC grew its holdings in shares of InterContinental Hotels Group by 621.2% in the third quarter. CWM LLC now owns 375 shares of the company's stock valued at $28,000 after acquiring an additional 323 shares in the last quarter. Allworth Financial LP grew its holdings in InterContinental Hotels Group by 1,900.0% during the third quarter. Allworth Financial LP now owns 780 shares of the company's stock valued at $58,000 after purchasing an additional 741 shares during the period. New York State Common Retirement Fund bought a new position in InterContinental Hotels Group during the third quarter valued at $73,000. GAMMA Investing LLC bought a new position in InterContinental Hotels Group during the fourth quarter valued at $74,000. Finally, Parallel Advisors LLC grew its holdings in InterContinental Hotels Group by 15.8% during the fourth quarter. Parallel Advisors LLC now owns 828 shares of the company's stock valued at $75,000 after purchasing an additional 113 shares during the period. 15.09% of the stock is owned by institutional investors.

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.