Key Points
- Intercontinental Exchange President Benjamin Jackson sold 7,332 shares for about $1.28 million at an average price of $175.01, reducing his position by 4.46%; he retained 156,932 shares.
- ICE reported quarterly earnings of $2.02 per share, beating the $1.97 consensus estimate, while revenue rose 14.7% year over year to $3.63 billion.
- Analysts’ consensus rating is “Moderate Buy”, with an average price target of $189.25.
Intercontinental Exchange Inc. (NYSE:ICE - Get Free Report) President Benjamin Jackson sold 400 shares of the firm's stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $177.90, for a total transaction of $71,160.00. Following the completion of the transaction, the president owned 156,532 shares of the company's stock, valued at $27,847,042.80. This trade represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Benjamin Jackson also recently made the following trade(s):
- On Wednesday, November 4th, Benjamin Jackson sold 7,332 shares of Intercontinental Exchange stock. The stock was sold at an average price of $175.01, for a total transaction of $1,283,173.32.
- On Tuesday, September 1st, Benjamin Jackson sold 12,862 shares of Intercontinental Exchange stock. The stock was sold at an average price of $160.09, for a total transaction of $2,059,077.58.
Intercontinental Exchange Price Performance
NYSE ICE traded down $1.73 on Friday, hitting $172.28. The stock had a trading volume of 2,693,411 shares, compared to its average volume of 3,360,496. The firm has a 50-day moving average of $158.67 and a 200-day moving average of $154.64. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.03 and a current ratio of 1.03. Intercontinental Exchange Inc. has a 52-week low of $121.79 and a 52-week high of $177.94. The company has a market capitalization of $96.28 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.84.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.97 by $0.05. The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $2.74 billion. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The business's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 EPS. Equities analysts expect that Intercontinental Exchange Inc. will post 8.21 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms recently commented on ICE. Bank of America boosted their target price on Intercontinental Exchange from $232.00 to $236.00 and gave the stock a "buy" rating in a research report on Friday, October 2nd. Barclays lifted their price target on Intercontinental Exchange from $189.00 to $194.00 and gave the company an "overweight" rating in a research report on Friday, October 30th. Jefferies Financial Group cut their price objective on Intercontinental Exchange from $189.00 to $185.00 in a report on Wednesday, October 7th. Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Saturday, October 10th. Finally, Rothschild & Co Redburn upped their price objective on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the stock a "buy" rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average target price of $189.25.
Get Our Latest Stock Report on Intercontinental Exchange
Key Intercontinental Exchange News
Here are the key news stories impacting Intercontinental Exchange this week:
Institutional Investors Weigh In On Intercontinental Exchange
A number of large investors have recently added to or reduced their stakes in ICE. BlackRock Inc. bought a new stake in Intercontinental Exchange during the second quarter worth about $6,245,085,000. State Street Corp boosted its holdings in shares of Intercontinental Exchange by 1.6% in the 2nd quarter. State Street Corp now owns 25,966,680 shares of the financial services provider's stock worth $3,196,758,000 after purchasing an additional 415,490 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Intercontinental Exchange by 16.1% during the 2nd quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider's stock valued at $1,454,209,000 after purchasing an additional 1,634,385 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Intercontinental Exchange during the 2nd quarter valued at about $714,869,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Intercontinental Exchange by 1.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,298,162 shares of the financial services provider's stock valued at $652,257,000 after purchasing an additional 52,910 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.
About Intercontinental Exchange
(
Get Free Report)
Intercontinental Exchange, Inc (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants.
Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.
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