Judith Sprieser Sells 4,722 Shares of Intercontinental Exchange (NYSE:ICE) Stock

Intercontinental Exchange Inc. (NYSE:ICE) Director Judith Sprieser sold 4,722 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $169.19, for a total transaction of $798,915.18. Following the completion of the sale, the director owned 9,747 shares in the company, valued at approximately $1,649,094.93. The trade was a 32.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded up $0.47 during midday trading on Monday, reaching $169.47. 3,332,233 shares of the stock traded hands, compared to its average volume of 3,738,690. The stock has a market cap of $96.63 billion, a P/E ratio of 29.37, a PEG ratio of 2.04 and a beta of 1.02. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The stock’s fifty day moving average is $165.19 and its 200-day moving average is $166.31. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the firm posted $1.52 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 36.05%.

Institutional Trading of Intercontinental Exchange

Several hedge funds and other institutional investors have recently bought and sold shares of ICE. Dynasty Wealth Management LLC purchased a new position in Intercontinental Exchange in the 3rd quarter valued at $897,000. Fifth Third Wealth Advisors LLC grew its holdings in Intercontinental Exchange by 37.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,920 shares of the financial services provider’s stock valued at $2,008,000 after buying an additional 3,261 shares during the last quarter. Eastern Bank boosted its stake in shares of Intercontinental Exchange by 14.6% during the 3rd quarter. Eastern Bank now owns 203,731 shares of the financial services provider’s stock worth $34,325,000 after purchasing an additional 25,980 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its position in shares of Intercontinental Exchange by 1.6% in the second quarter. Horizon Kinetics Asset Management LLC now owns 831,758 shares of the financial services provider’s stock valued at $152,603,000 after purchasing an additional 13,497 shares during the period. Finally, Gateway Investment Advisers LLC grew its holdings in Intercontinental Exchange by 3.0% in the third quarter. Gateway Investment Advisers LLC now owns 273,010 shares of the financial services provider’s stock valued at $45,997,000 after purchasing an additional 8,006 shares during the period. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ICE. Royal Bank Of Canada restated an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. UBS Group restated a “buy” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. Morgan Stanley set a $180.00 price objective on Intercontinental Exchange and gave the stock an “equal weight” rating in a research note on Thursday, January 15th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of “Buy” and a consensus price target of $195.10.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.