Intercontinental Exchange Inc (NYSE:ICE) COO Mark Wassersug sold 7,898 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $74.19, for a total value of $585,952.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Intercontinental Exchange Inc (NYSE ICE) opened at $74.53 on Friday. Intercontinental Exchange Inc has a one year low of $57.91 and a one year high of $76.30. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $43,398.37, a price-to-earnings ratio of 25.35, a PEG ratio of 2.61 and a beta of 0.65.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.01. Intercontinental Exchange had a return on equity of 10.83% and a net margin of 43.09%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s revenue was up .5% on a year-over-year basis. research analysts expect that Intercontinental Exchange Inc will post 3.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 13th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, September 12th. Intercontinental Exchange’s dividend payout ratio is currently 22.64%.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Intercontinental Exchange by 6.0% in the fourth quarter. BlackRock Inc. now owns 37,271,704 shares of the financial services provider’s stock worth $2,629,892,000 after purchasing an additional 2,104,818 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Intercontinental Exchange by 14.6% in the third quarter. Janus Henderson Group PLC now owns 10,373,823 shares of the financial services provider’s stock worth $712,683,000 after purchasing an additional 1,325,290 shares during the last quarter. Capital International Investors raised its stake in shares of Intercontinental Exchange by 15.6% in the third quarter. Capital International Investors now owns 8,723,353 shares of the financial services provider’s stock worth $599,294,000 after purchasing an additional 1,176,185 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Intercontinental Exchange by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 7,249,668 shares of the financial services provider’s stock worth $511,534,000 after purchasing an additional 157,093 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in shares of Intercontinental Exchange by 1.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 6,256,044 shares of the financial services provider’s stock worth $441,426,000 after purchasing an additional 113,143 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.
Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. upgraded Intercontinental Exchange from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $76.00 to $83.00 in a research note on Tuesday, February 20th. Berenberg Bank began coverage on Intercontinental Exchange in a research note on Thursday, January 25th. They set a “buy” rating and a $90.00 price objective for the company. Argus lifted their price objective on Intercontinental Exchange from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, Bank of America lowered their price objective on Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $76.62.
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Intercontinental Exchange Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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