Intercontinental Exchange, Inc. (ICE) To Go Ex-Dividend on March 14th

Intercontinental Exchange, Inc. (NYSE:ICEGet Free Report) announced a quarterly dividend on Thursday, February 8th, RTT News reports. Investors of record on Friday, March 15th will be given a dividend of 0.45 per share by the financial services provider on Friday, March 29th. This represents a $1.80 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Thursday, March 14th. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42.

Intercontinental Exchange has increased its dividend by an average of 11.9% per year over the last three years and has raised its dividend annually for the last 9 consecutive years. Intercontinental Exchange has a payout ratio of 26.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Intercontinental Exchange to earn $6.40 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 26.3%.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $135.52 on Friday. The stock has a market cap of $75.76 billion, a P/E ratio of 32.27, a PEG ratio of 2.72 and a beta of 1.01. Intercontinental Exchange has a one year low of $94.16 and a one year high of $135.98. The company has a fifty day moving average price of $125.12 and a 200 day moving average price of $116.82. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.29 by $0.04. The firm had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. Analysts anticipate that Intercontinental Exchange will post 5.81 earnings per share for the current year.

Insider Transactions at Intercontinental Exchange

In other news, CAO James W. Namkung sold 1,182 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $132.03, for a total value of $156,059.46. Following the sale, the chief accounting officer now owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,182 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $156,059.46. Following the sale, the chief accounting officer now owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Warren Gardiner sold 500 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $112.34, for a total transaction of $56,170.00. Following the sale, the chief financial officer now directly owns 15,025 shares in the company, valued at approximately $1,687,908.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,384 shares of company stock valued at $10,222,586. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Intercontinental Exchange

A number of hedge funds have recently added to or reduced their stakes in the stock. RB Capital Management LLC boosted its stake in shares of Intercontinental Exchange by 3.2% in the 1st quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 126 shares during the last quarter. United Bank boosted its stake in shares of Intercontinental Exchange by 2.7% in the 1st quarter. United Bank now owns 15,988 shares of the financial services provider’s stock valued at $2,112,000 after purchasing an additional 422 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Intercontinental Exchange by 13.5% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 220 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Intercontinental Exchange by 31.5% in the 1st quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock valued at $27,077,000 after purchasing an additional 49,081 shares during the last quarter. Finally, Prudential PLC bought a new position in shares of Intercontinental Exchange in the 1st quarter valued at about $1,679,000. Institutional investors own 87.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley upped their target price on shares of Intercontinental Exchange from $119.00 to $124.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 28th. StockNews.com cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Tuesday. Raymond James increased their price objective on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the company a “strong-buy” rating in a research note on Friday, January 5th. Barclays upgraded shares of Intercontinental Exchange from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $148.00 in a research note on Monday, January 8th. Finally, Citigroup increased their price objective on shares of Intercontinental Exchange from $130.00 to $146.00 and gave the company a “buy” rating in a research note on Friday, January 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.15.

View Our Latest Analysis on ICE

Intercontinental Exchange Company Profile

(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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Dividend History for Intercontinental Exchange (NYSE:ICE)

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