InterContinental Hotels Group (NYSE:IHG) Sees Large Volume Increase

Shares of InterContinental Hotels Group PLC (NYSE:IHG - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 107,555 shares traded hands during trading, a decline of 38% from the previous session's volume of 173,458 shares.The stock last traded at $102.06 and had previously closed at $100.59.

Analyst Upgrades and Downgrades

IHG has been the subject of several recent research reports. Jefferies Financial Group downgraded InterContinental Hotels Group from a "buy" rating to a "hold" rating in a report on Wednesday, March 13th. StockNews.com downgraded InterContinental Hotels Group from a "buy" rating to a "hold" rating in a report on Thursday, February 29th. Societe Generale downgraded InterContinental Hotels Group from a "buy" rating to a "hold" rating in a report on Wednesday, February 7th. Finally, Sanford C. Bernstein downgraded InterContinental Hotels Group from a "market perform" rating to an "underperform" rating in a research note on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

InterContinental Hotels Group Stock Performance

The business has a 50-day moving average price of $103.13 and a 200 day moving average price of $89.27.

InterContinental Hotels Group Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, May 14th. Investors of record on Friday, April 5th will be issued a dividend of $1.04 per share. This is a boost from InterContinental Hotels Group's previous semi-annual dividend of $0.48. The ex-dividend date is Thursday, April 4th. This represents a yield of 1.4%.

Institutional Trading of InterContinental Hotels Group

Several institutional investors and hedge funds have recently modified their holdings of IHG. Advisor Group Holdings Inc. increased its position in shares of InterContinental Hotels Group by 5.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 6,250 shares of the company's stock valued at $413,000 after purchasing an additional 307 shares during the last quarter. US Bancorp DE grew its position in InterContinental Hotels Group by 7.9% during the 1st quarter. US Bancorp DE now owns 10,382 shares of the company's stock worth $715,000 after acquiring an additional 762 shares during the last quarter. Citigroup Inc. grew its position in InterContinental Hotels Group by 0.8% during the 1st quarter. Citigroup Inc. now owns 46,973 shares of the company's stock worth $3,233,000 after acquiring an additional 395 shares during the last quarter. BlackRock Inc. grew its position in InterContinental Hotels Group by 6.1% during the 1st quarter. BlackRock Inc. now owns 227,500 shares of the company's stock worth $15,657,000 after acquiring an additional 13,017 shares during the last quarter. Finally, APG Asset Management N.V. bought a new position in InterContinental Hotels Group during the 1st quarter worth approximately $1,135,000. Hedge funds and other institutional investors own 15.09% of the company's stock.

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.