Intercontinental Exchange Inc (NYSE:ICE) insider David S. Goone sold 44,755 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $61.00, for a total value of $2,730,055.00. Following the sale, the insider now directly owns 200,657 shares in the company, valued at approximately $12,240,077. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Intercontinental Exchange Inc (NYSE:ICE) traded down 0.37% during mid-day trading on Monday, hitting $61.17. The stock had a trading volume of 1,389,664 shares. Intercontinental Exchange Inc has a 12 month low of $45.88 and a 12 month high of $61.98. The firm has a market cap of $7.04 billion, a PE ratio of 25.81 and a beta of 0.96. The stock’s 50-day moving average is $58.81 and its 200 day moving average is $56.55.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Tuesday, February 7th. The company reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.14 billion. Intercontinental Exchange had a net margin of 23.87% and a return on equity of 10.79%. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.27 EPS. Equities research analysts predict that Intercontinental Exchange Inc will post $3.00 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.30%. The ex-dividend date of this dividend is Wednesday, June 14th. Intercontinental Exchange’s payout ratio is presently 28.64%.
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Several analysts have issued reports on the company. Zacks Investment Research raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Wednesday, March 15th. Evercore ISI reaffirmed a “buy” rating and set a $63.00 target price on shares of Intercontinental Exchange in a research report on Saturday, December 17th. Finally, Jefferies Group LLC increased their target price on Intercontinental Exchange from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, December 20th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $60.62.
Several hedge funds have recently added to or reduced their stakes in ICE. Friess Associates LLC raised its stake in Intercontinental Exchange by 206.4% in the fourth quarter. Friess Associates LLC now owns 1,869 shares of the company’s stock valued at $105,000 after buying an additional 1,259 shares during the last quarter. Hemenway Trust Co LLC raised its stake in Intercontinental Exchange by 150.0% in the fourth quarter. Hemenway Trust Co LLC now owns 2,400 shares of the company’s stock valued at $135,000 after buying an additional 1,440 shares during the last quarter. Johnson Financial Group Inc. raised its stake in Intercontinental Exchange by 415.6% in the fourth quarter. Johnson Financial Group Inc. now owns 2,413 shares of the company’s stock valued at $136,000 after buying an additional 1,945 shares during the last quarter. Elgethun Capital Management purchased a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $138,000. Finally, Ancora Advisors LLC purchased a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $141,000. 28.85% of the stock is currently owned by hedge funds and other institutional investors.
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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