Intercontinental Exchange, Inc. (NYSE:ICE) President Sells $965,757.88 in Stock

Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $165.71, for a total value of $965,757.88. Following the transaction, the president now directly owns 164,041 shares of the company’s stock, valued at approximately $27,183,234.11. The trade was a 3.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Benjamin Jackson also recently made the following trade(s):

• On Monday, November 25th, Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00.

Intercontinental Exchange Trading Up 0.3 %

NYSE:ICE opened at $167.28 on Tuesday. The firm has a fifty day simple moving average of $153.35 and a two-hundred day simple moving average of $157.06. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $169.75. The stock has a market capitalization of $96.05 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 3.21 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Analysts expect that Intercontinental Exchange, Inc. will post 6.63 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 37.66%.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. UBS Group increased their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research note on Monday, October 14th. Keefe, Bruyette & Woods lifted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Barclays upped their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wolff Wiese Magana LLC lifted its position in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $26,000. Financial Management Professionals Inc. boosted its position in shares of Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after buying an additional 87 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Intercontinental Exchange during the third quarter worth $29,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Company Profile

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.