Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Intercontinental Exchange Price Performance
ICE stock opened at $158.34 on Friday. The business has a 50 day simple moving average of $167.27 and a 200-day simple moving average of $160.51. The company has a market capitalization of $90.97 billion, a P/E ratio of 33.13, a PEG ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.
Intercontinental Exchange Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.21%. Intercontinental Exchange's dividend payout ratio is currently 40.17%.
Wall Street Analyst Weigh In
ICE has been the subject of a number of research analyst reports. Barclays increased their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, Bank of America cut their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $182.47.
View Our Latest Analysis on ICE
Hedge Funds Weigh In On Intercontinental Exchange
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth $25,000. REAP Financial Group LLC increased its holdings in Intercontinental Exchange by 116.7% in the fourth quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock valued at $25,000 after buying an additional 91 shares in the last quarter. Menard Financial Group LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth $29,000. Redwood Park Advisors LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $33,000. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 89.30% of the company's stock.
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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