Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) CEO Jeffrey C. Sprecher sold 58,388 shares of the firm's stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the sale, the chief executive officer now owns 1,179,895 shares of the company's stock, valued at $161,893,392.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Intercontinental Exchange Price Performance
Shares of NYSE:ICE opened at $137.87 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a 1-year low of $103.81 and a 1-year high of $140.43. The company has a market capitalization of $78.95 billion, a P/E ratio of 32.83, a P/E/G ratio of 2.19 and a beta of 1.02. The firm's 50 day simple moving average is $135.43 and its two-hundred day simple moving average is $122.76.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The company's quarterly revenue was up 24.5% compared to the same quarter last year. Research analysts expect that Intercontinental Exchange, Inc. will post 5.94 EPS for the current fiscal year.
Intercontinental Exchange Increases Dividend
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The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Thursday, March 14th. This is an increase from Intercontinental Exchange's previous quarterly dividend of $0.42. Intercontinental Exchange's payout ratio is 42.86%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on ICE. Piper Sandler lifted their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the stock an "overweight" rating in a research note on Monday, February 12th. Morgan Stanley lifted their price target on shares of Intercontinental Exchange from $133.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 13th. Raymond James lifted their price target on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the stock a "strong-buy" rating in a research note on Friday, January 5th. UBS Group lifted their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, February 12th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $152.00 target price on shares of Intercontinental Exchange in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and an average price target of $146.69.
Check Out Our Latest Analysis on Intercontinental Exchange
Hedge Funds Weigh In On Intercontinental Exchange
Several hedge funds have recently modified their holdings of ICE. RB Capital Management LLC raised its stake in Intercontinental Exchange by 3.2% during the first quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider's stock valued at $534,000 after purchasing an additional 126 shares in the last quarter. United Bank raised its stake in Intercontinental Exchange by 2.7% during the first quarter. United Bank now owns 15,988 shares of the financial services provider's stock valued at $2,112,000 after purchasing an additional 422 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in Intercontinental Exchange by 13.5% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider's stock valued at $245,000 after purchasing an additional 220 shares in the last quarter. Sei Investments Co. raised its stake in Intercontinental Exchange by 31.5% during the first quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider's stock valued at $27,077,000 after purchasing an additional 49,081 shares in the last quarter. Finally, Prudential PLC purchased a new stake in Intercontinental Exchange during the first quarter valued at $1,679,000. Hedge funds and other institutional investors own 89.30% of the company's stock.
About Intercontinental Exchange
(
Get Free Report)
Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.
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