Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) major shareholder Intercontinental Exchange, Inc purchased 350,880 shares of Intercontinental Exchange stock in a transaction on Thursday, April 25th. The stock was bought at an average price of $0.87 per share, for a total transaction of $305,265.60. Following the completion of the acquisition, the insider now owns 649,934 shares in the company, valued at approximately $565,442.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Intercontinental Exchange, Inc also recently made the following trade(s):
- On Monday, March 4th, Intercontinental Exchange, Inc acquired 2,762,009 shares of Intercontinental Exchange stock. The shares were purchased at an average price of $0.87 per share, with a total value of $2,402,947.83.
Intercontinental Exchange Stock Performance
Shares of ICE stock opened at $130.78 on Tuesday. The business has a fifty day moving average of $135.74 and a 200 day moving average of $125.52. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $74.89 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 2.15 and a beta of 1.02. Intercontinental Exchange, Inc. has a 1 year low of $103.81 and a 1 year high of $140.43.
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Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Intercontinental Exchange's revenue for the quarter was up 24.5% on a year-over-year basis. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.
Intercontinental Exchange Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Intercontinental Exchange's previous quarterly dividend of $0.42. This represents a $1.80 dividend on an annualized basis and a yield of 1.38%. Intercontinental Exchange's payout ratio is currently 42.86%.
Institutional Investors Weigh In On Intercontinental Exchange
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ICE. OFI Invest Asset Management purchased a new position in Intercontinental Exchange during the third quarter worth approximately $25,000. Scarborough Advisors LLC purchased a new stake in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Annapolis Financial Services LLC raised its holdings in shares of Intercontinental Exchange by 1,018.8% during the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 163 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $26,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the first quarter worth approximately $26,000. 89.30% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. UBS Group upped their price objective on Intercontinental Exchange from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, February 12th. Morgan Stanley increased their target price on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 9th. Citigroup boosted their target price on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, April 4th. Bank of America reduced their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a "buy" rating on the stock in a research note on Friday, April 19th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $152.00 price objective on shares of Intercontinental Exchange in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average target price of $148.08.
Check Out Our Latest Research Report on Intercontinental Exchange
Intercontinental Exchange Company Profile
(
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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