InterContinental Hotels Group (NYSE:IHG) Stock Crosses Above 200-Day Moving Average of $90.35

InterContinental Hotels Group PLC (NYSE:IHG) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $90.35 and traded as high as $100.38. InterContinental Hotels Group shares last traded at $98.17, with a volume of 153,824 shares traded.

Wall Street Analysts Forecast Growth

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

InterContinental Hotels Group Trading Down 0.1 %

The company has a 50 day moving average of $103.67 and a 200 day moving average of $90.51.

InterContinental Hotels Group Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, May 14th. Investors of record on Friday, April 5th will be paid a dividend of $1.04 per share. This represents a yield of 1.4%. This is a boost from InterContinental Hotels Group’s previous semi-annual dividend of $0.48. The ex-dividend date is Thursday, April 4th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IHG. Natixis Advisors L.P. boosted its position in shares of InterContinental Hotels Group by 214.8% during the 3rd quarter. Natixis Advisors L.P. now owns 576,718 shares of the company’s stock worth $43,110,000 after acquiring an additional 393,528 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of InterContinental Hotels Group by 41.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 632,644 shares of the company’s stock worth $57,546,000 after acquiring an additional 185,045 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of InterContinental Hotels Group by 6,374.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,787 shares of the company’s stock worth $13,663,000 after acquiring an additional 179,964 shares in the last quarter. Morgan Stanley boosted its position in shares of InterContinental Hotels Group by 23.3% during the 3rd quarter. Morgan Stanley now owns 829,220 shares of the company’s stock worth $61,984,000 after acquiring an additional 156,778 shares in the last quarter. Finally, Raymond James & Associates acquired a new position in shares of InterContinental Hotels Group during the 3rd quarter worth about $7,666,000. 15.09% of the stock is owned by institutional investors and hedge funds.

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.