Intercontinental Exchange, Inc. (NYSE:ICE) President Sells $932,480.00 in Stock

Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Intercontinental Exchange Stock Up 0.4 %

NYSE ICE opened at $161.19 on Friday. The business has a fifty day moving average price of $160.59 and a 200 day moving average price of $151.66. Intercontinental Exchange, Inc. has a one year low of $111.82 and a one year high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $92.55 billion, a P/E ratio of 38.20, a P/E/G ratio of 2.64 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the company earned $1.46 EPS. The firm’s revenue was up 17.3% compared to the same quarter last year. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Institutional Trading of Intercontinental Exchange

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. increased its stake in shares of Intercontinental Exchange by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider’s stock worth $865,455,000 after acquiring an additional 390,332 shares during the last quarter. Synovus Financial Corp increased its stake in shares of Intercontinental Exchange by 7.1% in the 3rd quarter. Synovus Financial Corp now owns 33,874 shares of the financial services provider’s stock worth $5,441,000 after acquiring an additional 2,247 shares during the last quarter. Tidal Investments LLC increased its stake in shares of Intercontinental Exchange by 180.6% in the 3rd quarter. Tidal Investments LLC now owns 98,482 shares of the financial services provider’s stock worth $15,820,000 after acquiring an additional 63,382 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter worth $3,504,000. Finally, World Investment Advisors LLC increased its stake in shares of Intercontinental Exchange by 759.2% in the 3rd quarter. World Investment Advisors LLC now owns 52,946 shares of the financial services provider’s stock worth $8,505,000 after acquiring an additional 46,784 shares during the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on ICE. Piper Sandler upped their target price on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. Morgan Stanley upped their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Finally, Barclays lowered their price objective on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

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.