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

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

IHG has been the subject of a number of research reports. Berenberg Bank upgraded shares of Intercontinental Hotels Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Jefferies Financial Group raised Intercontinental Hotels Group from a “hold” rating to a “buy” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Intercontinental Hotels Group in a research note on Thursday, January 22nd.

Intercontinental Hotels Group Stock Performance

Shares of NYSE IHG opened at $134.00 on Friday. The company has a 50 day simple moving average of $137.34 and a two-hundred day simple moving average of $132.94. Intercontinental Hotels Group has a 12 month low of $94.78 and a 12 month high of $150.89.

Intercontinental Hotels Group Announces Dividend

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

Institutional Investors Weigh In On Intercontinental Hotels Group

Several hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. grew its stake in shares of Intercontinental Hotels Group by 20.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 439 shares of the company’s stock worth $62,000 after purchasing an additional 76 shares during the period. Independent Advisor Alliance boosted its holdings in Intercontinental Hotels Group by 0.9% during the fourth quarter. Independent Advisor Alliance now owns 10,577 shares of the company’s stock worth $1,490,000 after buying an additional 91 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Intercontinental Hotels Group by 72.2% during 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. Capital International Investors grew its position in Intercontinental Hotels Group by 2.5% during the fourth quarter. Capital International Investors now owns 3,838 shares of the company’s stock valued at $544,000 after buying an additional 92 shares during the period. Finally, HighTower Advisors LLC grew its position in Intercontinental Hotels Group by 0.8% during the fourth quarter. HighTower Advisors LLC now owns 12,734 shares of the company’s stock valued at $1,793,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 15.09% of the company’s stock.

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.