Intercontinental Exchange Inc (NYSE:ICE) CEO Jeffrey C. Sprecher sold 53,166 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $81.26, for a total value of $4,320,269.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NYSE ICE traded up $0.14 during mid-day trading on Thursday, reaching $81.26. 129,937 shares of the company traded hands, compared to its average volume of 2,301,037. Intercontinental Exchange Inc has a fifty-two week low of $69.33 and a fifty-two week high of $82.65. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $45.74 billion, a PE ratio of 22.64, a P/E/G ratio of 2.66 and a beta of 0.50.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.02. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that Intercontinental Exchange Inc will post 3.74 earnings per share for the current fiscal year.
Several equities analysts have recently commented on ICE shares. Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Bank of America set a $85.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $85.50 target price on shares of Intercontinental Exchange in a report on Monday, February 11th. ValuEngine cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Finally, Wells Fargo & Co restated a “hold” rating on shares of Intercontinental Exchange in a research note on Thursday, February 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. Intercontinental Exchange currently has an average rating of “Buy” and an average price target of $85.55.
Several hedge funds and other institutional investors have recently bought and sold shares of ICE. CWM LLC lifted its stake in Intercontinental Exchange by 6.4% in the first quarter. CWM LLC now owns 2,138 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 128 shares during the last quarter. Chemical Bank boosted its holdings in shares of Intercontinental Exchange by 0.5% in the 1st quarter. Chemical Bank now owns 27,993 shares of the financial services provider’s stock worth $2,131,000 after buying an additional 129 shares during the last quarter. Allred Capital Management LLC boosted its holdings in shares of Intercontinental Exchange by 4.0% in the 1st quarter. Allred Capital Management LLC now owns 3,489 shares of the financial services provider’s stock worth $270,000 after buying an additional 133 shares during the last quarter. Rosenbaum Jay D. boosted its holdings in shares of Intercontinental Exchange by 1.8% in the 1st quarter. Rosenbaum Jay D. now owns 7,975 shares of the financial services provider’s stock worth $607,000 after buying an additional 140 shares during the last quarter. Finally, Citizens Financial Group Inc RI boosted its holdings in shares of Intercontinental Exchange by 4.6% in the 1st quarter. Citizens Financial Group Inc RI now owns 3,240 shares of the financial services provider’s stock worth $247,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 89.09% of the company’s stock.
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Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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