Intercontinental Exchange Inc (NYSE:ICE) CFO Scott A. Hill sold 14,772 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $75.00, for a total transaction of $1,107,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Intercontinental Exchange Inc (NYSE:ICE) traded up $1.45 during trading hours on Friday, hitting $68.45. 5,324,528 shares of the stock traded hands, compared to its average volume of 2,668,924. Intercontinental Exchange Inc has a twelve month low of $56.97 and a twelve month high of $76.14. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.01 and a current ratio of 0.99. The company has a market cap of $39,858.02, a price-to-earnings ratio of 16.14, a P/E/G ratio of 2.36 and a beta of 0.66.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.72 by $0.01. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 10.83%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the business posted $0.71 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. sell-side analysts expect that Intercontinental Exchange Inc will post 3.55 EPS for the current fiscal year.
Intercontinental Exchange announced that its board has approved a stock repurchase plan on Thursday, November 2nd that allows the company to repurchase $1.20 billion in shares. This repurchase authorization allows the financial services provider to buy up to 3.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 13th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Wednesday, September 12th. This represents a $0.96 annualized dividend and a dividend yield of 1.40%. Intercontinental Exchange’s dividend payout ratio is currently 18.87%.
Several research firms have issued reports on ICE. Zacks Investment Research raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a research report on Wednesday, January 3rd. Berenberg Bank began coverage on shares of Intercontinental Exchange in a research report on Thursday, January 25th. They issued a “buy” rating and a $90.00 price objective for the company. Citigroup boosted their price objective on shares of Intercontinental Exchange from $67.00 to $75.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. UBS Group boosted their price objective on shares of Intercontinental Exchange from $73.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Argus boosted their price objective on shares of Intercontinental Exchange from $72.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $76.08.
Several large investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of Intercontinental Exchange by 1,254.2% during the 2nd quarter. Janus Henderson Group PLC now owns 9,048,533 shares of the financial services provider’s stock worth $596,480,000 after acquiring an additional 8,380,362 shares in the last quarter. BlackRock Inc. raised its stake in shares of Intercontinental Exchange by 6.0% during the 4th quarter. BlackRock Inc. now owns 37,271,704 shares of the financial services provider’s stock worth $2,629,892,000 after acquiring an additional 2,104,818 shares in the last quarter. Northern Trust Corp raised its stake in shares of Intercontinental Exchange by 19.9% during the 2nd quarter. Northern Trust Corp now owns 11,355,251 shares of the financial services provider’s stock worth $748,538,000 after acquiring an additional 1,883,432 shares in the last quarter. Prudential PLC raised its stake in shares of Intercontinental Exchange by 39,517.6% during the 2nd quarter. Prudential PLC now owns 1,481,301 shares of the financial services provider’s stock worth $97,647,000 after acquiring an additional 1,477,562 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of Intercontinental Exchange by 15.6% during the 3rd quarter. Capital International Investors now owns 8,723,353 shares of the financial services provider’s stock worth $599,294,000 after acquiring an additional 1,176,185 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.
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Intercontinental Exchange Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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