Intercontinental Exchange, Inc. (NYSE:ICE) Director Sells $307,411.68 in Stock

Intercontinental Exchange, Inc. (NYSE:ICEGet Free Report) Director Judith A. Sprieser sold 2,238 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $137.36, for a total value of $307,411.68. Following the transaction, the director now owns 29,347 shares in the company, valued at approximately $4,031,103.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Intercontinental Exchange Stock Performance

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

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The business 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%. Intercontinental Exchange’s revenue was up 24.5% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. On average, analysts anticipate that Intercontinental Exchange, Inc. will post 5.91 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was 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 yield of 1.31%. Intercontinental Exchange’s dividend payout ratio (DPR) is 42.86%.

Institutional Trading of Intercontinental Exchange

Large investors have recently bought and sold shares of the business. Scarborough Advisors LLC acquired a new stake in Intercontinental Exchange in the fourth quarter valued at about $25,000. Fortitude Family Office LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $28,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $29,000. Finally, Sachetta LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $29,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on ICE shares. Raymond James increased their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 5th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Morgan Stanley increased their price objective on Intercontinental Exchange from $133.00 to $139.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 13th. Rosenblatt Securities raised their price target on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, UBS Group raised their price target on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, February 12th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Read Our Latest Analysis on Intercontinental Exchange

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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