Warren Gardiner Sells 500 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICEGet Free Report) CFO Warren Gardiner sold 500 shares of the stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $138.83, for a total value of $69,415.00. Following the transaction, the chief financial officer now owns 18,326 shares of the company’s stock, valued at approximately $2,544,198.58. The transaction was disclosed in a filing with the SEC, which is available at this link.

Warren Gardiner also recently made the following trade(s):

  • On Monday, February 12th, Warren Gardiner sold 2,176 shares of Intercontinental Exchange stock. The stock was sold at an average price of $136.00, for a total value of $295,936.00.

Intercontinental Exchange Trading Up 0.4 %

Shares of NYSE:ICE opened at $137.47 on Thursday. Intercontinental Exchange, Inc. has a 52-week low of $95.66 and a 52-week high of $140.43. The company has a market capitalization of $78.72 billion, a P/E ratio of 32.73, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. The company has a 50-day simple moving average of $132.33 and a 200 day simple moving average of $120.55. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00.

Intercontinental Exchange (NYSE:ICEGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same period last year, the business posted $1.25 earnings per share. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 5.91 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, March 14th. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. This represents a $1.80 annualized dividend and a yield of 1.31%. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.86%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ICE. Citigroup increased their price objective on shares of Intercontinental Exchange from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Rosenblatt Securities increased their price objective on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Piper Sandler increased their price objective on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, February 12th. Finally, UBS Group increased their price objective on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $145.83.

View Our Latest Stock Analysis on Intercontinental Exchange

Institutional Investors Weigh In On Intercontinental Exchange

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Intercontinental Exchange by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 47,239,612 shares of the financial services provider’s stock worth $6,066,983,000 after purchasing an additional 320,496 shares during the period. BlackRock Inc. increased its holdings in shares of Intercontinental Exchange by 1.3% during the second quarter. BlackRock Inc. now owns 42,188,650 shares of the financial services provider’s stock worth $4,770,693,000 after purchasing an additional 525,322 shares during the period. Morgan Stanley increased its holdings in shares of Intercontinental Exchange by 18.9% during the fourth quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider’s stock worth $2,606,466,000 after purchasing an additional 4,044,744 shares during the period. State Street Corp increased its holdings in shares of Intercontinental Exchange by 2.2% during the second quarter. State Street Corp now owns 22,796,474 shares of the financial services provider’s stock worth $2,577,825,000 after purchasing an additional 480,742 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Intercontinental Exchange by 45.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 17,114,267 shares of the financial services provider’s stock worth $1,755,753,000 after purchasing an additional 5,354,161 shares during the period. 87.91% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Company Profile

(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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