Intercontinental Exchange Inc (NYSE:ICE) insider Thomas W. Farley sold 31,200 shares of the business’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of $59.34, for a total transaction of $1,851,408.00. Following the transaction, the insider now owns 112,798 shares in the company, valued at approximately $6,693,433.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Intercontinental Exchange Inc (NYSE:ICE) traded down 0.36% during mid-day trading on Friday, reaching $60.41. 1,854,187 shares of the company were exchanged. Intercontinental Exchange Inc has a 1-year low of $47.62 and a 1-year high of $61.98. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 25.49 and a beta of 0.96. The stock’s 50-day moving average price is $59.95 and its 200-day moving average price is $57.23.
Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Tuesday, February 7th. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.02. The firm earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Intercontinental Exchange had a return on equity of 10.79% and a net margin of 23.87%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.27 earnings per share. On average, equities research analysts anticipate that Intercontinental Exchange Inc will post $3.00 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Wednesday, June 14th. Intercontinental Exchange’s dividend payout ratio is currently 28.64%.
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Large investors have recently modified their holdings of the stock. Friess Associates LLC boosted its stake in shares of Intercontinental Exchange by 206.4% in the fourth quarter. Friess Associates LLC now owns 1,869 shares of the financial services provider’s stock worth $105,000 after buying an additional 1,259 shares in the last quarter. Hemenway Trust Co LLC boosted its stake in shares of Intercontinental Exchange by 150.0% in the fourth quarter. Hemenway Trust Co LLC now owns 2,400 shares of the financial services provider’s stock worth $135,000 after buying an additional 1,440 shares in the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Intercontinental Exchange by 415.6% in the fourth quarter. Johnson Financial Group Inc. now owns 2,413 shares of the financial services provider’s stock worth $136,000 after buying an additional 1,945 shares in the last quarter. Elgethun Capital Management purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth $138,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth $141,000. Institutional investors own 28.85% of the company’s stock.
A number of research firms have weighed in on ICE. Royal Bank of Canada set a $61.00 price objective on shares of Intercontinental Exchange and gave the company a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $65.50 price objective on shares of Intercontinental Exchange in a research report on Wednesday, April 12th. Zacks Investment Research raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $70.00 target price on shares of Intercontinental Exchange in a research note on Monday, April 10th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $61.72.
About Intercontinental Exchange
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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