InterContinental Hotels Group PLC (NYSE:IHG) Given Consensus Recommendation of “Reduce” by Analysts

InterContinental Hotels Group PLC (NYSE:IHG) has earned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company.

Separately, The Goldman Sachs Group upgraded InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research report on Wednesday.

Institutional Investors Weigh In On InterContinental Hotels Group

Several large investors have recently modified their holdings of IHG. Russell Investments Group Ltd. boosted its stake in shares of InterContinental Hotels Group by 46.9% during the 1st quarter. Russell Investments Group Ltd. now owns 332 shares of the company’s stock worth $35,000 after acquiring an additional 106 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of InterContinental Hotels Group in the second quarter valued at $36,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of InterContinental Hotels Group during the first quarter worth $48,000. EverSource Wealth Advisors LLC raised its holdings in shares of InterContinental Hotels Group by 65.2% during the first quarter. EverSource Wealth Advisors LLC now owns 484 shares of the company’s stock worth $48,000 after acquiring an additional 191 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new stake in shares of InterContinental Hotels Group during the second quarter worth $50,000. 15.09% of the stock is owned by institutional investors.

InterContinental Hotels Group Trading Down 0.4 %

NYSE:IHG opened at $108.21 on Wednesday. The firm has a market capitalization of $17.49 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 1.56 and a beta of 1.31. The stock has a 50 day moving average of $100.76 and a 200-day moving average of $101.98. InterContinental Hotels Group has a 52 week low of $70.06 and a 52 week high of $112.08.

InterContinental Hotels Group Increases Dividend

The company also recently announced a Semi-Annual dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Friday, August 30th will be given a $0.532 dividend. This represents a yield of 1.6%. This is an increase from InterContinental Hotels Group’s previous Semi-Annual dividend of $0.30. The ex-dividend date of this dividend is Friday, August 30th. InterContinental Hotels Group’s dividend payout ratio is 21.63%.

InterContinental Hotels Group Company Profile

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.