Keefe, Bruyette & Woods Issues Positive Forecast for Intercontinental Exchange (NYSE:ICE) Stock Price

Intercontinental Exchange (NYSE:ICE) had its price target lifted by Keefe, Bruyette & Woods from $178.00 to $186.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

Several other research firms also recently commented on ICE. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays reduced their price target on shares of Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Raymond James downgraded shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Stock Down 0.4 %

Shares of Intercontinental Exchange stock opened at $166.95 on Friday. The company has a 50-day simple moving average of $153.23 and a two-hundred day simple moving average of $156.81. Intercontinental Exchange has a 52-week low of $124.34 and a 52-week high of $169.75. 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 stock has a market capitalization of $95.86 billion, a PE ratio of 39.56, a price-to-earnings-growth ratio of 3.06 and a beta of 1.11.

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 the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. On average, analysts anticipate that Intercontinental Exchange will post 6.05 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Insiders Place Their Bets

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares in the company, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction dated 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 transaction, the president now owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,795 shares of company stock worth $2,120,572. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Intercontinental Exchange

Institutional investors have recently added to or reduced their stakes in the stock. Moors & Cabot Inc. boosted its position in shares of Intercontinental Exchange by 6.0% during the fourth quarter. Moors & Cabot Inc. now owns 13,667 shares of the financial services provider’s stock worth $2,036,000 after acquiring an additional 774 shares during the last quarter. Natural Investments LLC purchased a new stake in Intercontinental Exchange in the 4th quarter worth $751,000. AGF Management Ltd. lifted its stake in Intercontinental Exchange by 2.9% in the 4th quarter. AGF Management Ltd. now owns 2,149,682 shares of the financial services provider’s stock worth $320,324,000 after purchasing an additional 61,235 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Intercontinental Exchange by 87.0% during the 4th quarter. King Luther Capital Management Corp now owns 229,107 shares of the financial services provider’s stock valued at $34,139,000 after purchasing an additional 106,569 shares during the last quarter. Finally, Independent Advisor Alliance grew its position in shares of Intercontinental Exchange by 29.0% during the fourth quarter. Independent Advisor Alliance now owns 9,230 shares of the financial services provider’s stock valued at $1,375,000 after purchasing an additional 2,074 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

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.