Intercontinental Exchange Sees Unusually Large Options Volume (ICE)

Intercontinental Exchange Inc (NYSE:ICE) was the recipient of some unusual options trading on Monday. Investors acquired 6,306 put options on the stock. This represents an increase of approximately 781% compared to the average daily volume of 716 put options.

In related news, insider Dean S. Mathison sold 1,042 shares of Intercontinental Exchange stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $75.79, for a total value of $78,973.18. Following the completion of the transaction, the insider now owns 12,485 shares in the company, valued at approximately $946,238.15. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dean S. Mathison sold 2,570 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $69.77, for a total value of $179,308.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,201 shares of company stock valued at $13,690,343. 1.50% of the stock is owned by company insiders.

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Several institutional investors have recently modified their holdings of ICE. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Intercontinental Exchange by 9.4% during the 3rd 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 last quarter. Bessemer Group Inc. boosted its holdings in shares of Intercontinental Exchange by 99.1% during the 3rd 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 last quarter. Candriam Luxembourg S.C.A. boosted its holdings in shares of Intercontinental Exchange by 7.9% during the 3rd 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 last quarter. Global X MANAGEMENT CO LLC boosted its holdings in shares of Intercontinental Exchange by 7.4% during the 3rd 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 last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Intercontinental Exchange by 37.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 327,417 shares of the financial services provider’s stock worth $22,494,000 after purchasing an additional 89,131 shares during the last quarter. Institutional investors and hedge funds own 90.74% of the company’s stock.

Several research firms recently issued reports on ICE. Zacks Investment Research cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. JPMorgan Chase & Co. upgraded Intercontinental Exchange from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $76.00 to $83.00 in a report on Tuesday, February 20th. Argus reiterated a “buy” rating and issued a $67.00 price objective (down from $80.00) on shares of Intercontinental Exchange in a report on Friday, February 9th. Bank of America lowered their price objective on Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, Berenberg Bank began coverage on Intercontinental Exchange in a report on Thursday, January 25th. They issued a “buy” rating and a $90.00 price objective on the stock. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Intercontinental Exchange currently has an average rating of “Buy” and a consensus target price of $76.62.

Shares of Intercontinental Exchange (NYSE ICE) opened at $75.06 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.25. Intercontinental Exchange has a twelve month low of $57.91 and a twelve month high of $76.30. The stock has a market capitalization of $43,710.00, a PE ratio of 25.53, a P/E/G ratio of 2.66 and a beta of 0.63.

Intercontinental Exchange (NYSE:ICE) last issued its 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. The business 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 business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. equities research analysts anticipate that Intercontinental Exchange will post 3.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, September 12th. Intercontinental Exchange’s dividend payout ratio is currently 27.21%.

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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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