Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) insider Lynn Martin sold 13,456 shares of the company's stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $153.86, for a total value of $2,070,340.16. Following the completion of the sale, the insider directly owned 54,319 shares of the company's stock, valued at $8,357,521.34. The trade was a 19.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Intercontinental Exchange Stock Performance
Shares of NYSE:ICE opened at $155.34 on Wednesday. The business's 50-day simple moving average is $164.34 and its 200 day simple moving average is $163.75. The company has a market cap of $88.22 billion, a P/E ratio of 26.92, a PEG ratio of 1.60 and a beta of 1.02. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35.
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, beating the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the company earned $1.52 earnings per share. Intercontinental Exchange's revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.
Intercontinental Exchange Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange's dividend payout ratio is presently 33.28%.
Analyst Ratings Changes
Several research analysts recently commented on the company. Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the stock an "equal weight" rating in a research note on Tuesday, February 10th. Barclays set a $193.00 target price on Intercontinental Exchange and gave the company an "overweight" rating in a research report on Friday, February 6th. Wall Street Zen raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. dropped their price target on shares of Intercontinental Exchange from $202.00 to $180.00 and set an "overweight" rating for the company in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Intercontinental Exchange has a consensus rating of "Buy" and an average target price of $195.40.
View Our Latest Stock Report on ICE
Institutional Investors Weigh In On Intercontinental Exchange
Institutional investors and hedge funds have recently made changes to their positions in the company. Optivise Advisory Services LLC increased its stake in Intercontinental Exchange by 3.1% during the second quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider's stock valued at $329,000 after purchasing an additional 54 shares during the last quarter. ICONIQ Capital LLC lifted its position in shares of Intercontinental Exchange by 2.2% in the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider's stock worth $481,000 after buying an additional 56 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Intercontinental Exchange by 5.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider's stock valued at $221,000 after buying an additional 58 shares during the period. Mechanics Financial Corp grew its position in shares of Intercontinental Exchange by 1.0% during the 4th quarter. Mechanics Financial Corp now owns 6,138 shares of the financial services provider's stock valued at $994,000 after buying an additional 60 shares during the last quarter. Finally, Ledyard National Bank raised its stake in Intercontinental Exchange by 4.3% during the second quarter. Ledyard National Bank now owns 1,512 shares of the financial services provider's stock worth $277,000 after acquiring an additional 62 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.
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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