Judith A. Sprieser Sells 2,238 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICEGet Free Report) Director Judith A. Sprieser sold 2,238 shares of Intercontinental Exchange stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $137.36, for a total value of $307,411.68. Following the completion of the sale, the director now directly owns 29,347 shares in the company, valued at $4,031,103.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $137.50 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80. Intercontinental Exchange, Inc. has a 12 month low of $103.81 and a 12 month high of $140.43. The company has a market capitalization of $78.73 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.46 and a beta of 1.02. The firm’s 50-day moving average is $134.83 and its 200 day moving average is $122.40.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. During the same quarter in the prior year, the firm posted $1.25 earnings per share. The company’s quarterly revenue was up 24.5% on a year-over-year basis. Research analysts predict that Intercontinental Exchange, Inc. will post 5.91 EPS for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.45 dividend. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.31%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 42.86%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ICE shares. JPMorgan Chase & Co. raised their price target on Intercontinental Exchange from $142.00 to $151.00 and gave the company an “overweight” rating in a report on Friday, February 9th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Morgan Stanley boosted their price target on shares of Intercontinental Exchange from $133.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 13th. Barclays increased their price objective on shares of Intercontinental Exchange from $148.00 to $153.00 and gave the company an “overweight” rating in a research report on Monday, February 12th. Finally, Citigroup boosted their target price on shares of Intercontinental Exchange from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Three equities research 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $145.83.

Check Out Our Latest Stock Analysis on Intercontinental Exchange

Institutional Trading of Intercontinental Exchange

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in Intercontinental Exchange by 219.8% during the 3rd quarter. Wellington Management Group LLP now owns 12,146,620 shares of the financial services provider’s stock valued at $1,336,371,000 after buying an additional 8,348,126 shares in the last quarter. Norges Bank purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $839,259,000. T. Rowe Price Investment Management Inc. raised its stake 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 valued at $1,755,753,000 after acquiring an additional 5,354,161 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Intercontinental Exchange by 18.9% in the fourth quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider’s stock valued at $2,606,466,000 after purchasing an additional 4,044,744 shares during the period. Finally, Capital World Investors boosted its holdings in shares of Intercontinental Exchange by 35.6% in the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock valued at $1,238,559,000 after purchasing an additional 2,530,119 shares during the period. 89.30% of the stock is currently owned by institutional investors.

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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