Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) General Counsel Andrew J. Surdykowski sold 341 shares of the business's stock in a transaction on Friday, April 26th. The stock was sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the transaction, the general counsel now directly owns 48,713 shares of the company's stock, valued at $6,417,450.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Intercontinental Exchange Price Performance
Shares of NYSE ICE opened at $128.76 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. Intercontinental Exchange, Inc. has a 52 week low of $103.81 and a 52 week high of $140.43. The business's 50 day moving average price is $135.58 and its 200 day moving average price is $125.65. The firm has a market cap of $73.73 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.15 and a beta of 1.02.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to analysts' expectations of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm's revenue was up 24.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.25 earnings per share. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.
Intercontinental Exchange Increases Dividend
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The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.45 dividend. 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 1.40%. Intercontinental Exchange's payout ratio is presently 42.86%.
Institutional Investors Weigh In On Intercontinental Exchange
A number of hedge funds and other institutional investors have recently made changes to their positions in ICE. PDS Planning Inc grew its holdings in Intercontinental Exchange by 3.8% in the third quarter. PDS Planning Inc now owns 3,054 shares of the financial services provider's stock valued at $336,000 after purchasing an additional 112 shares during the period. Commonwealth Equity Services LLC increased its holdings in Intercontinental Exchange by 4.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider's stock worth $4,534,000 after acquiring an additional 1,716 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Intercontinental Exchange by 0.5% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 124,006 shares of the financial services provider's stock valued at $13,643,000 after purchasing an additional 600 shares during the period. Atlas Private Wealth Management lifted its stake in Intercontinental Exchange by 3.2% in the 3rd quarter. Atlas Private Wealth Management now owns 11,767 shares of the financial services provider's stock valued at $1,295,000 after buying an additional 367 shares in the last quarter. Finally, Toews Corp ADV purchased a new stake in Intercontinental Exchange during the 3rd quarter worth approximately $781,000. Institutional investors and hedge funds own 89.30% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have commented on ICE shares. JPMorgan Chase & Co. increased their price target on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an "overweight" rating in a research report on Friday, February 9th. Raymond James raised their target price on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the company a "strong-buy" rating in a research note on Friday, January 5th. Rosenblatt Securities upped their price target on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. UBS Group raised their price objective on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, February 12th. Finally, Morgan Stanley raised their price target on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 9th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $148.08.
View Our Latest Analysis on Intercontinental Exchange
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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