InterContinental Hotels Group (NYSE:IHG) Rating Increased to Hold at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of InterContinental Hotels Group (NYSE:IHG) from a sell rating to a hold rating in a report released on Monday, Marketbeat Ratings reports.

Other equities analysts have also issued reports about the company. Sanford C. Bernstein raised InterContinental Hotels Group from an “underperform” rating to a “market perform” rating in a research note on Friday, January 10th. Citigroup assumed coverage on shares of InterContinental Hotels Group in a research report on Monday, February 24th. They issued a “sell” rating on the stock. Finally, Morgan Stanley downgraded InterContinental Hotels Group from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, InterContinental Hotels Group has a consensus rating of “Hold”.

InterContinental Hotels Group Stock Performance

NYSE:IHG opened at $100.76 on Monday. The business has a fifty day moving average of $116.15 and a 200-day moving average of $120.24. The stock has a market cap of $15.84 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.69 and a beta of 1.29. InterContinental Hotels Group has a 1 year low of $91.57 and a 1 year high of $137.25.

InterContinental Hotels Group Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, April 4th will be given a $1.144 dividend. This represents a yield of 1.4%. This is an increase from InterContinental Hotels Group’s previous semi-annual dividend of $0.53. The ex-dividend date is Friday, April 4th. InterContinental Hotels Group’s payout ratio is currently 39.36%.

Hedge Funds Weigh In On InterContinental Hotels Group

Several institutional investors have recently bought and sold shares of IHG. JPMorgan Chase & Co. grew its stake in InterContinental Hotels Group by 29.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 320,286 shares of the company’s stock valued at $35,388,000 after buying an additional 73,361 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of InterContinental Hotels Group in the 4th quarter worth approximately $262,000. World Investment Advisors LLC acquired a new stake in shares of InterContinental Hotels Group in the 3rd quarter valued at $86,000. Jane Street Group LLC boosted its position in InterContinental Hotels Group by 120.2% in the third quarter. Jane Street Group LLC now owns 4,269 shares of the company’s stock valued at $472,000 after buying an additional 2,330 shares in the last quarter. Finally, Stifel Financial Corp grew its position in InterContinental Hotels Group by 6.7% during the 3rd quarter. Stifel Financial Corp now owns 17,581 shares of the company’s stock worth $1,943,000 after acquiring an additional 1,107 shares during the last quarter. 15.09% of the stock is currently owned by institutional investors.

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.