Benjamin Jackson Sells 17,104 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson sold 17,104 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Benjamin Jackson also recently made the following trade(s):

• On Tuesday, February 18th, Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock. The shares were sold at an average price of $166.36, for a total transaction of $1,314,244.00.
• On Thursday, February 6th, Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88.
• On Monday, November 25th, Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $168.04 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company’s fifty day moving average is $155.42 and its two-hundred day moving average is $158.13. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $169.78. The firm has a market capitalization of $96.55 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 2.11 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.71 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Institutional Investors Weigh In On Intercontinental Exchange

A number of institutional investors and hedge funds have recently modified their holdings of ICE. Mackenzie Financial Corp raised its position in Intercontinental Exchange by 11.3% during the fourth quarter. Mackenzie Financial Corp now owns 433,573 shares of the financial services provider’s stock worth $64,607,000 after acquiring an additional 44,093 shares in the last quarter. Forum Financial Management LP grew its stake in Intercontinental Exchange by 9.4% during the fourth quarter. Forum Financial Management LP now owns 5,068 shares of the financial services provider’s stock worth $755,000 after buying an additional 436 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $1,910,000. Vise Technologies Inc. boosted its stake in shares of Intercontinental Exchange by 71.8% in the 4th quarter. Vise Technologies Inc. now owns 7,389 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 3,087 shares in the last quarter. Finally, City National Bank of Florida MSD bought a new position in Intercontinental Exchange in the 4th quarter valued at approximately $207,000. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ICE. UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Barclays lifted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.