Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) General Counsel Andrew Surdykowski sold 4,571 shares of the company's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $162.00, for a total value of $740,502.00. Following the completion of the sale, the general counsel owned 48,181 shares in the company, valued at $7,805,322. This represents a 8.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Intercontinental Exchange Stock Performance
Shares of NYSE ICE opened at $164.71 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 company has a market capitalization of $93.54 billion, a P/E ratio of 28.55, a P/E/G ratio of 1.71 and a beta of 1.04. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The stock has a 50 day moving average of $164.53 and a 200-day moving average of $163.18.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The business had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $2.51 billion. During the same quarter in the prior year, the business earned $1.52 EPS. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.
Intercontinental Exchange Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. Intercontinental Exchange's payout ratio is presently 33.28%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a "buy (b-)" rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the company an "equal weight" rating in a research note on Tuesday, February 10th. Piper Sandler reiterated an "overweight" rating and set a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a research report on Wednesday, January 14th. Raymond James Financial reissued a "strong-buy" rating and set a $211.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $180.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of "Buy" and an average target price of $195.40.
Read Our Latest Report on ICE
Institutional Trading of Intercontinental Exchange
Several large investors have recently made changes to their positions in the company. J. Stern & Co. LLP raised its holdings in Intercontinental Exchange by 17,398.1% during the 4th quarter. J. Stern & Co. LLP now owns 54,107,273 shares of the financial services provider's stock valued at $8,763,214,000 after buying an additional 53,798,055 shares during the period. Norges Bank bought a new position in Intercontinental Exchange during the fourth quarter valued at $1,418,228,000. Viking Global Investors LP purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $777,926,000. Wellington Management Group LLP lifted its holdings in shares of Intercontinental Exchange by 64.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider's stock worth $1,744,480,000 after acquiring an additional 4,067,922 shares during the last quarter. Finally, Sands Capital Management LLC boosted its stake in shares of Intercontinental Exchange by 97.3% during the 2nd quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider's stock worth $974,783,000 after purchasing an additional 2,620,310 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.
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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