Intercontinental Exchange Inc (NYSE:ICE) General Counsel Johnathan H. Short sold 6,000 shares of the stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $75.73, for a total transaction of $454,380.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of NYSE:ICE traded up $0.81 during trading on Friday, reaching $73.30. 2,602,168 shares of the stock traded hands, compared to its average volume of 2,514,773. Intercontinental Exchange Inc has a 52-week low of $64.91 and a 52-week high of $78.48. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25. The stock has a market cap of $42.94 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 2.18 and a beta of 0.65.
Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.01. Intercontinental Exchange had a net margin of 41.83% and a return on equity of 11.45%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Intercontinental Exchange Inc will post 3.48 earnings per share for the current year.
Hedge funds have recently modified their holdings of the stock. Baird Financial Group Inc. boosted its holdings in Intercontinental Exchange by 11.2% in the second quarter. Baird Financial Group Inc. now owns 131,129 shares of the financial services provider’s stock worth $9,644,000 after purchasing an additional 13,229 shares during the last quarter. Royal London Asset Management Ltd. purchased a new stake in Intercontinental Exchange in the second quarter worth approximately $17,795,000. OppenheimerFunds Inc. boosted its holdings in Intercontinental Exchange by 17.1% in the second quarter. OppenheimerFunds Inc. now owns 6,938,214 shares of the financial services provider’s stock worth $510,306,000 after purchasing an additional 1,011,626 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Intercontinental Exchange by 377.2% in the second quarter. Private Advisor Group LLC now owns 17,762 shares of the financial services provider’s stock worth $1,308,000 after purchasing an additional 14,040 shares during the last quarter. Finally, Richard Bernstein Advisors LLC boosted its holdings in Intercontinental Exchange by 5.1% in the second quarter. Richard Bernstein Advisors LLC now owns 57,890 shares of the financial services provider’s stock worth $4,258,000 after purchasing an additional 2,817 shares during the last quarter. Institutional investors own 88.52% of the company’s stock.
ICE has been the topic of a number of recent analyst reports. ValuEngine cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Saturday, June 16th. Compass Point initiated coverage on shares of Intercontinental Exchange in a report on Friday, June 22nd. They set a “buy” rating and a $85.00 price target on the stock. Zacks Investment Research upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Friday, June 22nd. Wells Fargo & Co reiterated a “market perform” rating and set a $80.00 price target (up previously from $74.00) on shares of Intercontinental Exchange in a report on Monday, July 9th. Finally, Barclays increased their price target on shares of Intercontinental Exchange from $80.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, July 12th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $82.80.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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