Intercontinental Exchange (NYSE:ICE) Stock: Insider Elizabeth Kathryn King Sells 1,919 Shares

Intercontinental Exchange Inc. (NYSE:ICE – Get Free Report) insider Elizabeth King sold 1,919 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $175.00, for a total transaction of $335,825.00. Following the completion of the transaction, the insider owned 21,835 shares of the company’s stock, valued at $3,821,125. This represents a 8.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Intercontinental Exchange Stock Down 1.0%

Intercontinental Exchange stock opened at $172.28 on Friday. Intercontinental Exchange Inc. has a 52 week low of $121.79 and a 52 week high of $177.94. The stock has a market cap of $96.28 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.52 and a beta of 0.84. The company’s 50-day moving average price is $158.67 and its two-hundred day moving average price is $154.64. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $2.74 billion. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.71 EPS. On average, analysts expect that Intercontinental Exchange Inc. will post 8.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ICE has been the subject of several research reports. Wells Fargo & Company raised their target price on Intercontinental Exchange from $160.00 to $167.00 and gave the company an “underweight” rating in a research note on Friday, October 30th. Raymond James Financial dropped their price target on shares of Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating on the stock in a research report on Monday, October 5th. UBS Group reissued a “buy” rating and issued a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, July 31st. Argus reduced their price objective on shares of Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $178.00 price objective (up from $169.00) on shares of Intercontinental Exchange in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.25.

Get Our Latest Stock Report on ICE

Institutional Investors Weigh In On Intercontinental Exchange

A number of institutional investors and hedge funds have recently modified their holdings of ICE. Rakuten Securities Inc. acquired a new stake in shares of Intercontinental Exchange during the second quarter worth $26,000. Gables Capital Management Inc. purchased a new stake in shares of Intercontinental Exchange during the second quarter valued at $31,000. James T. Borello RIA boosted its position in shares of Intercontinental Exchange by 143.0% in the 3rd quarter. James T. Borello RIA now owns 209 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 123 shares during the period. Hughes Financial Services LLC boosted its position in shares of Intercontinental Exchange by 64.4% in the 3rd quarter. Hughes Financial Services LLC now owns 194 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 76 shares during the period. Finally, Fiduciary Financial Advisors acquired a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange News Summary

Here are the key news stories impacting Intercontinental Exchange this week:

Intercontinental Exchange Company Profile

(Get Free Report)

Intercontinental Exchange, Inc (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants.

Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.

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Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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