Intercontinental Exchange (NYSE:ICE) President Benjamin Jackson sold 3,045 shares of the stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $74.17, for a total value of $225,847.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Benjamin Jackson also recently made the following trade(s):
- On Tuesday, February 20th, Benjamin Jackson sold 2,500 shares of Intercontinental Exchange stock. The shares were sold at an average price of $72.75, for a total value of $181,875.00.
ICE stock opened at $70.62 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. The firm has a market cap of $41,121.61, a price-to-earnings ratio of 23.94, a PEG ratio of 2.47 and a beta of 0.64. Intercontinental Exchange has a fifty-two week low of $57.91 and a fifty-two week high of $76.30.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.01. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Intercontinental Exchange had a return on equity of 10.83% and a net margin of 43.09%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 EPS. equities analysts expect that Intercontinental Exchange will post 3.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Wednesday, September 12th. Intercontinental Exchange’s payout ratio is 32.54%.
Several hedge funds and other institutional investors have recently modified their holdings of ICE. Raymond James Financial Services Advisors Inc. increased its position in shares of Intercontinental Exchange by 9.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 238,347 shares of the financial services provider’s stock worth $16,374,000 after purchasing an additional 20,551 shares during the period. Bessemer Group Inc. increased its position in shares of Intercontinental Exchange by 99.1% in the third quarter. Bessemer Group Inc. now owns 3,793 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 1,888 shares during the period. Candriam Luxembourg S.C.A. increased its position in shares of Intercontinental Exchange by 7.9% in the third quarter. Candriam Luxembourg S.C.A. now owns 42,325 shares of the financial services provider’s stock worth $2,908,000 after purchasing an additional 3,107 shares during the period. Global X MANAGEMENT CO LLC increased its position in shares of Intercontinental Exchange by 7.4% in the third quarter. Global X MANAGEMENT CO LLC now owns 12,234 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 841 shares during the period. Finally, New York State Common Retirement Fund increased its position in shares of Intercontinental Exchange by 17.0% in the third quarter. New York State Common Retirement Fund now owns 1,788,081 shares of the financial services provider’s stock worth $122,841,000 after purchasing an additional 259,580 shares during the period. Institutional investors own 90.73% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Berenberg Bank assumed coverage on Intercontinental Exchange in a research note on Thursday, January 25th. They issued a “buy” rating and a $90.00 price target on the stock. Zacks Investment Research cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. JPMorgan Chase upgraded Intercontinental Exchange from a “neutral” rating to an “overweight” rating and increased their price target for the company from $76.00 to $83.00 in a research note on Tuesday, February 20th. Deutsche Bank increased their price target on Intercontinental Exchange from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Friday. Finally, ValuEngine upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Intercontinental Exchange has an average rating of “Buy” and a consensus price target of $77.77.
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Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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