IntercontinentalExchange Group Inc. (ICE) Reaches New 12-Month High at $286.47
Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $286.47 and last traded at $282.81, with a volume of 334,845 shares trading hands. The stock had previously closed at $282.02.
Several analysts have recently issued reports on the stock. Barclays PLC reissued an “overweight” rating and issued a $307.00 price target (up previously from $295.00) on shares of IntercontinentalExchange Group in a research report on Thursday, August 11th. RBC Capital Markets reissued a “sector perform” rating and issued a $282.00 price target (up previously from $255.00) on shares of IntercontinentalExchange Group in a research report on Thursday, August 4th. Keefe, Bruyette & Woods boosted their price objective on shares of IntercontinentalExchange Group from $300.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. Deutsche Bank AG boosted their price objective on shares of IntercontinentalExchange Group from $295.00 to $304.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, Royal Bank Of Canada boosted their price objective on shares of IntercontinentalExchange Group from $255.00 to $282.00 and gave the company a “sector perform” rating in a research note on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $292.58.
The firm has a market capitalization of $32.83 billion and a PE ratio of 23.54. The firm has a 50 day moving average price of $273.62 and a 200 day moving average price of $254.68.
IntercontinentalExchange Group (NYSE:ICE) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $3.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.38 by $0.05. The business earned $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. IntercontinentalExchange Group’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same quarter last year, the company earned $2.90 EPS. Equities research analysts predict that IntercontinentalExchange Group Inc. will post $13.89 earnings per share for the current year.
In other IntercontinentalExchange Group news, CEO Jeffrey C. Sprecher sold 24,606 shares of the firm’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $251.95, for a total transaction of $6,199,481.70. Following the sale, the chief executive officer now owns 313,444 shares in the company, valued at approximately $78,972,215.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Thomas W. Farley sold 755 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The stock was sold at an average price of $253.18, for a total transaction of $191,150.90. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in IntercontinentalExchange Group stock. Schwab Charles Investment Management Inc. boosted its position in IntercontinentalExchange Group Inc. (NYSE:ICE) by 4.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 296,133 shares of the company’s stock after buying an additional 12,660 shares during the period. Schwab Charles Investment Management Inc. owned 0.26% of IntercontinentalExchange Group worth $75,888,000 at the end of the most recent quarter.
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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