Intercontinental Exchange, Inc. (NYSE:ICE) CAO James W. Namkung Sells 1,182 Shares of Stock

Intercontinental Exchange, Inc. (NYSE:ICEGet Free Report) CAO James W. Namkung sold 1,182 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $132.03, for a total value of $156,059.46. Following the transaction, the chief accounting officer now directly owns 16,396 shares in the company, valued at approximately $2,164,763.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $135.52 on Friday. The firm has a market cap of $75.76 billion, a PE ratio of 32.27, a PEG ratio of 2.72 and a beta of 1.01. The stock’s fifty day moving average price is $125.12 and its two-hundred day moving average price is $116.82. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a 1 year low of $94.16 and a 1 year high of $135.98.

Intercontinental Exchange (NYSE:ICEGet 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, beating the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The business’s revenue was up 24.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 5.81 EPS for the current year.

Intercontinental Exchange Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a dividend yield of 1.33%. Intercontinental Exchange’s payout ratio is presently 40.00%.

Institutional Trading of Intercontinental Exchange

Several hedge funds have recently made changes to their positions in ICE. RB Capital Management LLC raised its stake in shares of Intercontinental Exchange by 3.2% in the first quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock valued at $534,000 after buying an additional 126 shares during the period. United Bank raised its stake in shares of Intercontinental Exchange by 2.7% during the 1st quarter. United Bank now owns 15,988 shares of the financial services provider’s stock valued at $2,112,000 after purchasing an additional 422 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Intercontinental Exchange by 13.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 220 shares during the period. Sei Investments Co. raised its stake in shares of Intercontinental Exchange by 31.5% during the 1st quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock valued at $27,077,000 after purchasing an additional 49,081 shares during the period. Finally, Prudential PLC bought a new stake in shares of Intercontinental Exchange during the 1st quarter valued at $1,679,000. 87.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ICE. Rosenblatt Securities lifted their target price on Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a research report on Friday. Citigroup lifted their target price on Intercontinental Exchange from $130.00 to $146.00 and gave the company a “buy” rating in a research report on Friday, January 12th. Barclays raised Intercontinental Exchange from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $120.00 to $148.00 in a research report on Monday, January 8th. Raymond James lifted their target price on Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a research report on Friday, January 5th. Finally, Morgan Stanley lifted their price target on Intercontinental Exchange from $119.00 to $124.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $139.15.

Read Our Latest Stock Analysis on ICE

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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Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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