InterContinental Hotels Group (NYSE:IHG) Sees Unusually-High Trading Volume

InterContinental Hotels Group PLC (NYSE:IHG) shares saw an uptick in trading volume on Monday . 188,671 shares changed hands during mid-day trading, an increase of 9% from the previous session’s volume of 173,284 shares.The stock last traded at $101.39 and had previously closed at $100.45.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IHG. Sanford C. Bernstein lowered shares of InterContinental Hotels Group from a “market perform” rating to an “underperform” rating in a research report on Wednesday, March 13th. Jefferies Financial Group lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. Societe Generale lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, StockNews.com lowered shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Down 0.8 %

The firm’s 50-day moving average price is $101.39 and its 200-day moving average price is $95.08.

InterContinental Hotels Group Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 14th. Stockholders of record on Friday, April 5th were given a $1.04 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a dividend yield of 1.4%. This is a positive change from InterContinental Hotels Group’s previous semi-annual dividend of $0.48.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bayesian Capital Management LP bought a new position in InterContinental Hotels Group during the 1st quarter valued at $201,000. Lake Street Advisors Group LLC lifted its position in InterContinental Hotels Group by 33.7% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,481 shares of the company’s stock valued at $368,000 after purchasing an additional 877 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in InterContinental Hotels Group by 35.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 15,826 shares of the company’s stock valued at $1,672,000 after purchasing an additional 4,104 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in InterContinental Hotels Group by 10.8% in the 1st quarter. Orion Portfolio Solutions LLC now owns 14,046 shares of the company’s stock valued at $1,484,000 after purchasing an additional 1,369 shares during the last quarter. Finally, Henry James International Management Inc. lifted its position in InterContinental Hotels Group by 13.1% in the 1st quarter. Henry James International Management Inc. now owns 121,475 shares of the company’s stock valued at $13,000,000 after purchasing an additional 14,071 shares during the last quarter. 15.09% of the stock is currently owned by hedge funds and other institutional investors.

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.