Intercontinental Exchange (NYSE:ICE) Insider Lynn Martin Sells 13,456 Shares

Intercontinental Exchange Inc. (NYSE:ICE) insider Lynn Martin sold 13,456 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the transaction, the insider owned 54,319 shares in the company, valued at $8,357,521.34. This represents a 19.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Intercontinental Exchange Stock Performance

Shares of ICE traded up $1.24 during mid-day trading on Tuesday, hitting $155.34. 3,114,092 shares of the company traded hands, compared to its average volume of 4,165,924. The stock has a market cap of $88.22 billion, a price-to-earnings ratio of 26.92, a P/E/G ratio of 1.60 and a beta of 1.02. The stock has a 50-day moving average price of $164.43 and a two-hundred day moving average price of $163.97. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02.

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

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is currently 33.28%.

Hedge Funds Weigh In On Intercontinental Exchange

Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in shares of Intercontinental Exchange by 11.3% during the fourth quarter. Pacer Advisors Inc. now owns 52,186 shares of the financial services provider’s stock worth $8,452,000 after purchasing an additional 5,279 shares in the last quarter. Nolet Wealth Management LLC bought a new position in Intercontinental Exchange in the 4th quarter worth approximately $358,000. MV Capital Management Inc. purchased a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $69,000. Cambient Family Office LLC purchased a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $256,000. Finally, Compound Planning Inc. raised its position in shares of Intercontinental Exchange by 5.0% during the fourth quarter. Compound Planning Inc. now owns 5,702 shares of the financial services provider’s stock valued at $924,000 after buying an additional 272 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the subject of several research reports. TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Raymond James Financial restated a “strong-buy” rating and set a $211.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. UBS Group reiterated a “buy” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Monday, February 9th. Finally, Piper Sandler restated an “overweight” rating and issued a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange has an average rating of “Buy” and an average target price of $195.40.

Intercontinental Exchange Company Profile

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.