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

Intercontinental Hotels Group (NYSE:IHG) has been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. lifted its holdings in Intercontinental Hotels Group by 178.5% during the 4th quarter. Brown Brothers Harriman & Co. now owns 181 shares of the company’s stock worth $25,000 after buying an additional 116 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in Intercontinental Hotels Group by 1,453.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 202 shares of the company’s stock worth $28,000 after buying an additional 189 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Intercontinental Hotels Group by 111.0% during the 4th quarter. Fifth Third Bancorp now owns 211 shares of the company’s stock worth $30,000 after buying an additional 111 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Intercontinental Hotels Group by 72.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 217 shares of the company’s stock worth $30,000 after buying an additional 91 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Intercontinental Hotels Group by 525.6% during the 4th 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 last quarter. Hedge funds and other institutional investors own 15.09% of the company’s stock.

Intercontinental Hotels Group Price Performance

Shares of IHG opened at $131.98 on Friday. Intercontinental Hotels Group has a one year low of $94.78 and a one year high of $150.89. The stock has a 50-day moving average price of $137.23 and a 200 day moving average price of $133.25.

Intercontinental Hotels Group Dividend Announcement

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

About Intercontinental Hotels Group

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.