Key Points
- Director Judith Sprieser sold 4,722 shares on Feb. 5 at an average price of $169.19 for about $798,915, leaving her with 9,747 shares—a 32.64% reduction in her stake (SEC filing).
- Intercontinental Exchange beat quarterly expectations, reporting EPS of $1.71 vs. $1.67 est. and revenue of $3.14 billion vs. $2.51 billion, with revenue up 7.8% year-over-year and a net margin of 26.23%.
- The company declared a quarterly dividend of $0.52 per share (annualized $2.08, ~1.2% yield), and analysts maintain a consensus "Buy" rating with an average price target of $195.10.
Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) Director Judith Sprieser sold 4,722 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $169.19, for a total transaction of $798,915.18. Following the transaction, the director owned 9,747 shares in the company, valued at approximately $1,649,094.93. This represents a 32.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Intercontinental Exchange Trading Up 0.3%
ICE opened at $169.47 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. The firm has a market cap of $96.24 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 2.04 and a beta of 1.02. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The stock has a fifty day moving average price of $165.44 and a 200-day moving average price of $166.21.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.04. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. As a group, equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.
Intercontinental Exchange Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.2%. Intercontinental Exchange's dividend payout ratio is presently 33.28%.
Institutional Investors Weigh In On Intercontinental Exchange
A number of institutional investors and hedge funds have recently modified their holdings of the company. Kingsview Wealth Management LLC increased its holdings in Intercontinental Exchange by 2.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 11,401 shares of the financial services provider's stock worth $1,846,000 after buying an additional 291 shares during the period. Community Bank & Trust Waco Texas lifted its stake in Intercontinental Exchange by 1.3% during the 4th quarter. Community Bank & Trust Waco Texas now owns 21,108 shares of the financial services provider's stock valued at $3,419,000 after acquiring an additional 262 shares during the period. MTM Investment Management LLC boosted its holdings in shares of Intercontinental Exchange by 2.8% in the 4th quarter. MTM Investment Management LLC now owns 6,935 shares of the financial services provider's stock valued at $1,123,000 after acquiring an additional 188 shares during the last quarter. King Luther Capital Management Corp increased its stake in shares of Intercontinental Exchange by 8.3% in the fourth quarter. King Luther Capital Management Corp now owns 337,468 shares of the financial services provider's stock worth $54,656,000 after acquiring an additional 25,933 shares during the period. Finally, Bleakley Financial Group LLC raised its holdings in shares of Intercontinental Exchange by 3.6% during the fourth quarter. Bleakley Financial Group LLC now owns 14,081 shares of the financial services provider's stock worth $2,281,000 after purchasing an additional 487 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently issued reports on the company. UBS Group reaffirmed a "buy" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Monday. Piper Sandler restated an "overweight" rating and set a $195.00 price target (down previously from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. Weiss Ratings restated a "buy (b-)" rating on shares of Intercontinental Exchange in a report on Monday, December 29th. TD Cowen reaffirmed a "buy" rating on shares of Intercontinental Exchange in a research report on Friday. Finally, Morgan Stanley set a $180.00 target price on shares of Intercontinental Exchange and gave the stock an "equal weight" rating in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $195.10.
Get Our Latest Stock Report on ICE
About Intercontinental Exchange
(
Get Free Report)
Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.
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