Intercontinental Exchange Inc. (NYSE:ICE) insider Charles A. Vice sold 12,500 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $64.32, for a total value of $804,000.00. Following the completion of the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at $24,600,534.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Intercontinental Exchange Inc. (ICE) opened at 65.71 on Tuesday. Intercontinental Exchange Inc. has a 12-month low of $52.27 and a 12-month high of $67.48. The stock has a 50 day moving average price of $65.44 and a 200 day moving average price of $62.50. The firm has a market capitalization of $7.56 billion, a P/E ratio of 24.35 and a beta of 0.72.
Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, hitting the consensus estimate of $0.75. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.69 EPS. Equities analysts anticipate that Intercontinental Exchange Inc. will post $2.94 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its position in shares of Intercontinental Exchange by 6.6% in the 1st quarter. Ameriprise Financial Inc. now owns 7,031,455 shares of the financial services provider’s stock worth $420,922,000 after acquiring an additional 434,968 shares in the last quarter. Quest Investment Management LLC acquired a new position in shares of Intercontinental Exchange in the 1st quarter worth approximately $2,837,000. Schmidt P J Investment Management Inc. grew its position in shares of Intercontinental Exchange by 10.7% in the 2nd quarter. Schmidt P J Investment Management Inc. now owns 15,525 shares of the financial services provider’s stock worth $1,023,000 after acquiring an additional 1,500 shares in the last quarter. IBM Retirement Fund grew its position in shares of Intercontinental Exchange by 117.7% in the 2nd quarter. IBM Retirement Fund now owns 14,291 shares of the financial services provider’s stock worth $1,052,000 after acquiring an additional 7,727 shares in the last quarter. Finally, Boys Arnold & Co. Inc. grew its position in shares of Intercontinental Exchange by 1.5% in the 2nd quarter. Boys Arnold & Co. Inc. now owns 20,245 shares of the financial services provider’s stock worth $1,335,000 after acquiring an additional 300 shares in the last quarter. Institutional investors own 89.74% of the company’s stock.
ICE has been the subject of a number of research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $66.00 price target (down from $67.00) on shares of Intercontinental Exchange in a report on Monday, May 15th. Royal Bank Of Canada set a $65.00 price target on Intercontinental Exchange and gave the company a “hold” rating in a report on Tuesday, June 6th. BidaskClub raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $70.00 price target on shares of Intercontinental Exchange in a report on Monday, June 26th. Finally, Citigroup Inc. initiated coverage on Intercontinental Exchange in a report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Intercontinental Exchange has an average rating of “Buy” and a consensus price target of $68.81.
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.
Receive News & Ratings for Intercontinental Exchange Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange Inc. and related companies with MarketBeat.com's FREE daily email newsletter.