Intercontinental Exchange (NYSE:ICE) President Benjamin Jackson Sells 3,865 Shares

Intercontinental Exchange Inc. (NYSE:ICE) President Benjamin Jackson sold 3,865 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $153.73, for a total transaction of $594,166.45. Following the sale, the president directly owned 165,304 shares of the company’s stock, valued at approximately $25,412,183.92. The trade was a 2.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Benjamin Jackson also recently made the following trade(s):

• On Tuesday, February 10th, Benjamin Jackson sold 12,861 shares of Intercontinental Exchange stock. The stock was sold at an average price of $165.00, for a total value of $2,122,065.00.

Intercontinental Exchange Price Performance

ICE traded down $0.11 during trading on Friday, hitting $154.00. The company’s stock had a trading volume of 3,370,554 shares, compared to its average volume of 4,212,451. The firm’s 50 day moving average price is $164.76 and its two-hundred day moving average price is $164.78. 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 Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The stock has a market capitalization of $87.45 billion, a price-to-earnings ratio of 26.69, a price-to-earnings-growth ratio of 1.62 and a beta of 1.02.

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

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be paid 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 dividend yield of 1.4%. Intercontinental Exchange’s payout ratio is currently 33.28%.

Analysts Set New Price Targets

ICE has been the topic of several research analyst reports. Barclays set a $193.00 price target on shares of Intercontinental Exchange and gave the company an “overweight” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased their price objective on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $195.40.

Hedge Funds Weigh In On Intercontinental Exchange

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ICE. Optivise Advisory Services LLC increased its stake in Intercontinental Exchange by 3.1% in the second quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock valued at $329,000 after purchasing an additional 54 shares in the last quarter. ICONIQ Capital LLC grew its holdings in shares of Intercontinental Exchange by 2.2% in the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after buying an additional 56 shares during the period. SBI Securities Co. Ltd. increased its position in shares of Intercontinental Exchange by 5.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock valued at $221,000 after buying an additional 58 shares in the last quarter. Mechanics Financial Corp raised its stake in Intercontinental Exchange by 1.0% during the 4th quarter. Mechanics Financial Corp now owns 6,138 shares of the financial services provider’s stock worth $994,000 after buying an additional 60 shares during the period. Finally, Ledyard National Bank lifted its holdings in Intercontinental Exchange by 4.3% during the second quarter. Ledyard National Bank now owns 1,512 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 62 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

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.