Intercontinental Exchange Inc. (NYSE:ICE) Director Jean Marc Forneri sold 2,000 shares of the stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $60.00, for a total value of $120,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Intercontinental Exchange Inc. (NYSE:ICE) opened at 57.65 on Monday. Intercontinental Exchange Inc. has a 12 month low of $45.44 and a 12 month high of $60.54. The stock has a 50 day moving average price of $57.40 and a 200-day moving average price of $55.84. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 24.32 and a beta of 0.96.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.69 by $0.02. Intercontinental Exchange had a return on equity of 10.79% and a net margin of 23.87%. The firm earned $1.10 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the prior year, the business posted $3.27 EPS. The business’s revenue for the quarter was up 30.1% compared to the same quarter last year. Analysts expect that Intercontinental Exchange Inc. will post $3.00 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, June 14th. This represents a $0.80 annualized dividend and a dividend yield of 1.39%. Intercontinental Exchange’s dividend payout ratio is presently 28.64%.
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Several equities analysts have recently commented on ICE shares. Zacks Investment Research upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Thursday, October 27th. Evercore ISI reiterated a “buy” rating and set a $63.00 price objective on shares of Intercontinental Exchange in a research report on Saturday, December 17th. Finally, Jefferies Group LLC increased their price objective on Intercontinental Exchange from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, December 20th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $60.27.
Several hedge funds have recently modified their holdings of ICE. State Street Corp raised its position in shares of Intercontinental Exchange by 446.6% in the fourth quarter. State Street Corp now owns 25,166,147 shares of the company’s stock valued at $1,419,869,000 after buying an additional 20,561,965 shares during the period. FMR LLC raised its position in shares of Intercontinental Exchange by 782.0% in the fourth quarter. FMR LLC now owns 7,485,008 shares of the company’s stock valued at $422,305,000 after buying an additional 6,636,347 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Intercontinental Exchange by 510.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,515,439 shares of the company’s stock valued at $311,181,000 after buying an additional 4,612,454 shares during the period. Aberdeen Asset Management PLC UK raised its position in shares of Intercontinental Exchange by 286.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 4,547,041 shares of the company’s stock valued at $256,545,000 after buying an additional 3,369,232 shares during the period. Finally, Institutional Capital LLC raised its position in shares of Intercontinental Exchange by 380.6% in the fourth quarter. Institutional Capital LLC now owns 4,385,442 shares of the company’s stock valued at $247,426,000 after buying an additional 3,473,013 shares during the period. Hedge funds and other institutional investors own 28.85% of the company’s stock.
About Intercontinental Exchange
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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