Intercontinental Hotels Group (NYSE:IHG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Intercontinental Hotels Group (NYSE:IHG) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company.

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Intercontinental Hotels Group in a research report on Thursday, January 22nd. Jefferies Financial Group upgraded Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a report on Friday, December 12th. Finally, Berenberg Bank upgraded Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th.

Institutional Trading of Intercontinental Hotels Group

A number of hedge funds have recently added to or reduced their stakes in IHG. Brown Brothers Harriman & Co. raised its holdings in shares of Intercontinental Hotels Group by 178.5% in the 4th quarter. Brown Brothers Harriman & Co. now owns 181 shares of the company’s stock valued at $25,000 after purchasing an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in Intercontinental Hotels Group by 1,453.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 202 shares of the company’s stock valued at $28,000 after buying an additional 189 shares during the period. Fifth Third Bancorp increased its holdings in Intercontinental Hotels Group by 111.0% during the fourth quarter. Fifth Third Bancorp now owns 211 shares of the company’s stock valued at $30,000 after buying an additional 111 shares during the period. Cullen Frost Bankers Inc. raised its stake in Intercontinental Hotels Group by 72.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock worth $30,000 after buying an additional 91 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Intercontinental Hotels Group by 525.6% during the fourth quarter. Global Retirement Partners LLC now owns 269 shares of the company’s stock worth $38,000 after buying an additional 226 shares during the period. 15.09% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Hotels Group Stock Down 0.6%

IHG stock opened at $131.84 on Wednesday. Intercontinental Hotels Group has a 12 month low of $94.78 and a 12 month high of $150.89. The firm’s 50-day moving average is $139.64 and its 200 day moving average is $131.75.

Intercontinental Hotels Group Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, May 14th. Stockholders of record on Friday, April 10th will be paid a dividend of $1.259 per share. The ex-dividend date is Friday, April 10th. This represents a dividend yield of 191.0%.

Intercontinental Hotels Group Company Profile

Intercontinental Hotels Group plc (IHG) is a multinational hospitality company that develops, owns, manages and franchises a broad portfolio of hotels and resorts. The company operates across full-service luxury and upscale segments as well as midscale and extended-stay categories, providing lodging, food and beverage, meeting and event services, and related guest amenities. IHG’s business model emphasizes brand franchising and management agreements, while retaining ownership or direct investments in a smaller portion of its global property portfolio.

IHG’s brand portfolio spans global and regional names designed to serve different traveler needs and market segments.