InterContinental Hotels Group (NYSE:IHG) Downgraded by StockNews.com to Hold

StockNews.com cut shares of InterContinental Hotels Group (NYSE:IHG – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of InterContinental Hotels Group from a buy rating to a hold rating in a research note on Wednesday, February 22nd. Bank of America raised shares of InterContinental Hotels Group from a neutral rating to a buy rating in a research note on Wednesday, January 18th. UBS Group cut shares of InterContinental Hotels Group from a buy rating to a neutral rating in a research note on Tuesday, February 14th. Stifel Nicolaus lowered shares of InterContinental Hotels Group from a buy rating to a hold rating in a research report on Friday, February 10th. Finally, BNP Paribas lowered shares of InterContinental Hotels Group from an outperform rating to a neutral rating in a research report on Wednesday, January 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, InterContinental Hotels Group currently has an average rating of Hold and an average price target of $5,466.67.

InterContinental Hotels Group Price Performance

Shares of IHG opened at $67.22 on Monday. The company’s fifty day moving average is $67.76 and its two-hundred day moving average is $64.64. InterContinental Hotels Group has a 1 year low of $47.06 and a 1 year high of $72.10.

InterContinental Hotels Group Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Tuesday, May 16th. Investors of record on Friday, March 31st will be given a $0.945 dividend. The ex-dividend date of this dividend is Thursday, March 30th. This is a positive change from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.44. This represents a dividend yield of 1.9%.

Institutional Investors Weigh In On InterContinental Hotels Group

Several institutional investors and hedge funds have recently made changes to their positions in IHG. Wipfli Financial Advisors LLC purchased a new stake in shares of InterContinental Hotels Group in the 3rd quarter worth about $37,000. Rockefeller Capital Management L.P. boosted its position in shares of InterContinental Hotels Group by 46.2% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 899 shares of the company’s stock worth $43,000 after buying an additional 284 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of InterContinental Hotels Group in the 1st quarter worth about $82,000. Captrust Financial Advisors lifted its holdings in InterContinental Hotels Group by 22.0% in the 1st quarter. Captrust Financial Advisors now owns 1,211 shares of the company’s stock valued at $83,000 after purchasing an additional 218 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in InterContinental Hotels Group by 30.6% in the 4th quarter. National Bank of Canada FI now owns 1,482 shares of the company’s stock valued at $86,000 after purchasing an additional 347 shares in the last quarter. 4.67% of the stock is currently owned by hedge funds and other institutional investors.

InterContinental Hotels Group Company Profile

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InterContinental Hotels Group Plc owns and operates hotels. The firm’s hotel brands include: InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, EVEN Hotels, IHG Rewards Club, Kimpton and HUALUXE Hotels and Resorts. It operates through the following segments: Europe, Middle East, Asia and Africa, Americas, Greater China and Central.