Intercontinental Exchange, Inc. (NYSE:ICE) President Sells $1,354,297.00 in Stock

Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. The trade was a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, February 20th, Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48.
• On Tuesday, February 18th, Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock. The shares were sold at an average price of $166.36, for a total transaction of $1,314,244.00.
• On Thursday, February 6th, Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock. The stock was sold at an average price of $165.71, for a total transaction of $965,757.88.

Intercontinental Exchange Price Performance

Shares of ICE stock traded up $2.37 during trading hours on Friday, hitting $173.21. The stock had a trading volume of 5,508,576 shares, compared to its average volume of 3,036,656. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $99.52 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $173.54. The stock’s 50-day moving average price is $156.95 and its two-hundred day moving average price is $158.63.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

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. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.11%. Intercontinental Exchange’s payout ratio is currently 40.17%.

Institutional Trading of Intercontinental Exchange

Hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $1,196,258,000. Royal Bank of Canada raised its stake in shares of Intercontinental Exchange by 132.9% in the fourth quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider’s stock valued at $1,359,173,000 after acquiring an additional 5,204,309 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of Intercontinental Exchange by 423.8% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider’s stock worth $677,465,000 after acquiring an additional 3,678,384 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Intercontinental Exchange by 326.3% during the 3rd quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider’s stock worth $726,196,000 after purchasing an additional 3,460,096 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Intercontinental Exchange during the 4th quarter valued at about $406,728,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Barclays boosted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

About Intercontinental Exchange

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.