Intercontinental Exchange Inc. (NYSE:ICE – Get Free Report) President Benjamin Jackson sold 400 shares of the firm’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $177.90, for a total transaction of $71,160.00. Following the transaction, the president directly owned 156,532 shares in the company, valued at approximately $27,847,042.80. This represents a 0.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Benjamin Jackson also recently made the following trade(s):
- On Wednesday, November 4th, Benjamin Jackson sold 7,332 shares of Intercontinental Exchange stock. The stock was sold at an average price of $175.01, for a total value of $1,283,173.32.
- On Tuesday, September 1st, Benjamin Jackson sold 12,862 shares of Intercontinental Exchange stock. The shares were sold at an average price of $160.09, for a total value of $2,059,077.58.
Intercontinental Exchange Price Performance
Intercontinental Exchange stock traded down $1.73 during trading hours on Friday, reaching $172.28. 2,693,411 shares of the stock were exchanged, compared to its average volume of 3,360,496. The stock has a 50 day moving average of $158.67 and a two-hundred day moving average of $154.64. The company has a market cap of $96.28 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 1.53 and a beta of 0.84. 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 Inc. has a twelve month low of $121.79 and a twelve month high of $177.94.
Intercontinental Exchange (NYSE:ICE – Get Free Report) last released its earnings results on Thursday, October 29th. The financial services provider reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.05. Intercontinental Exchange had a return on equity of 15.32% and a net margin of 29.62%. The firm had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the company earned $1.71 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Equities analysts expect that Intercontinental Exchange Inc. will post 8.21 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Keefe, Bruyette & Woods increased their target price on Intercontinental Exchange from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Bank of America boosted their price objective on Intercontinental Exchange from $232.00 to $236.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Argus reduced their price target on shares of Intercontinental Exchange from $190.00 to $187.00 and set a “buy” rating for the company in a report on Friday, August 14th. The Goldman Sachs Group raised their price objective on shares of Intercontinental Exchange from $192.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, October 2nd. Finally, Weiss Ratings raised Intercontinental Exchange from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $189.25.
Get Our Latest Stock Report on ICE
Key Intercontinental Exchange News
Here are the key news stories impacting Intercontinental Exchange this week:
- Positive Sentiment: ICE is backing a U.S. perpetual-futures market built on Hyperliquid infrastructure, a potential expansion of its digital-asset offerings. ICE backs US perpetual futures market built on Hyperliquid infrastructure
- Positive Sentiment: Twenty-four ETFs added ICE shares on Nov. 3, suggesting added demand from fund portfolios. 24 ETFs Add to Intercontinental Exchange on Nov. 3
- Positive Sentiment: An analyst valuation assessment put ICE’s fair value slightly higher, while also considering growth prospects and risks. Intercontinental Exchange Stock Fair Value Edges Higher As Analysts Weigh Growth And Risks
- Neutral Sentiment: ICE recently reached a record high, reflecting strong share-price momentum, though the milestone itself does not establish a new fundamental catalyst. Intercontinental Exchange Reaches a Fresh All-Time High
- Neutral Sentiment: CFO Warren Gardiner is scheduled to present at the J.P. Morgan Ultimate Services Investor Conference on Nov. 17; no new financial guidance is noted. CFO Warren Gardiner to Present at Investor Conference
- Negative Sentiment: Apple, Amazon and Tesla reportedly oppose participation in an NYSE-parent-backed blockchain stock venue, raising questions about adoption of ICE’s tokenized-equities initiative. Can Companies Stop Their Shares From Being Tokenized?
- Negative Sentiment: Several ICE executives reported share sales totaling about $2.35 million, including President Benjamin Jackson and Chief Accounting Officer James Namkung. The sales may weigh on sentiment, although executives retained substantial holdings; insider sales alone do not establish a negative outlook. SEC insider transaction filing
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Intercontinental Exchange during the second quarter valued at about $6,245,085,000. State Street Corp increased its stake in shares of Intercontinental Exchange by 1.6% in the second quarter. State Street Corp now owns 25,966,680 shares of the financial services provider’s stock worth $3,196,758,000 after purchasing an additional 415,490 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Intercontinental Exchange by 16.1% in the second quarter. Wellington Management Group LLP now owns 11,812,273 shares of the financial services provider’s stock worth $1,454,209,000 after purchasing an additional 1,634,385 shares in the last quarter. Amundi raised its position in shares of Intercontinental Exchange by 49.6% in the first quarter. Amundi now owns 4,997,079 shares of the financial services provider’s stock valued at $785,941,000 after purchasing an additional 1,656,220 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Intercontinental Exchange in the second quarter valued at approximately $714,869,000. Institutional investors own 89.30% of the company’s stock.
About Intercontinental Exchange
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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