Intercontinental Hotels Group (NYSE:IHG - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $157.53 and traded as high as $171.99. Intercontinental Hotels Group shares last traded at $171.2460, with a volume of 285,139 shares traded.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Weiss Ratings reissued a "buy (b)" rating on shares of Intercontinental Hotels Group in a research report on Friday, August 21st. Zacks Research raised Intercontinental Hotels Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 26th. UBS Group raised Intercontinental Hotels Group from a "neutral" rating to a "buy" rating and set a $188.00 price target for the company in a research note on Wednesday, September 2nd. Finally, Jefferies Financial Group lifted their price target on Intercontinental Hotels Group from $160.00 to $195.00 and gave the company a "buy" rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $179.00.
Check Out Our Latest Stock Analysis on Intercontinental Hotels Group
Intercontinental Hotels Group Trading Up 0.2%
The company's 50-day simple moving average is $159.89 and its 200 day simple moving average is $157.53.
Intercontinental Hotels Group Cuts Dividend
The business also recently declared a dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, August 21st were given a $0.6450 dividend. This is a decrease from Intercontinental Hotels Group's previous dividend of $1.2590. This represents a dividend yield of 81.0%. The ex-dividend date of this dividend was Friday, August 21st.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its holdings in Intercontinental Hotels Group by 1,946.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 266 shares of the company's stock worth $37,000 after purchasing an additional 253 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Intercontinental Hotels Group during the second quarter worth approximately $82,000. Parallel Advisors LLC boosted its position in Intercontinental Hotels Group by 14.7% during the first quarter. Parallel Advisors LLC now owns 1,353 shares of the company's stock worth $181,000 after purchasing an additional 173 shares during the period. Baron Wealth Management LLC acquired a new position in Intercontinental Hotels Group during the second quarter valued at approximately $236,000. Finally, Compound Planning Inc. grew its holdings in Intercontinental Hotels Group by 5.4% during the first quarter. Compound Planning Inc. now owns 1,694 shares of the company's stock valued at $226,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 15.09% of the company's stock.
About Intercontinental Hotels Group
(
Get Free Report)
InterContinental Hotels Group PLC NYSE: IHG is a global hospitality company that owns, manages, franchises and licenses a portfolio of hotel brands. Its brands include InterContinental, Regent, Six Senses, Kimpton, Crowne Plaza, voco, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, avid hotels and Garner.
IHG serves business and leisure travelers across a broad range of lodging segments, from luxury and lifestyle hotels to full-service, upscale, midscale and extended-stay accommodations.
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