Intercontinental Exchange (NYSE:ICE) President Benjamin Jackson Sells 7,332 Shares of Company Stock

Intercontinental Exchange Inc. (NYSE:ICE) President Benjamin Jackson sold 7,332 shares of the stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $175.01, for a total transaction of $1,283,173.32. Following the sale, the president directly owned 156,932 shares in the company, valued at $27,464,669.32. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, November 5th, Benjamin Jackson sold 400 shares of Intercontinental Exchange stock. The stock was sold at an average price of $177.90, for a total transaction of $71,160.00.
• On Tuesday, September 1st, Benjamin Jackson sold 12,862 shares of Intercontinental Exchange stock. The stock was sold at an average price of $160.09, for a total transaction of $2,059,077.58.

Intercontinental Exchange Stock Down 1.0%

Intercontinental Exchange stock opened at $172.28 on Friday. The company has a market capitalization of $96.28 billion, a PE ratio of 21.59, a PEG ratio of 1.53 and a beta of 0.84. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.68. Intercontinental Exchange Inc. has a 12-month low of $121.79 and a 12-month high of $177.94. The firm’s fifty day moving average is $158.67 and its 200 day moving average is $154.64.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS 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 return on equity of 15.32% and a net margin of 29.62%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.71 earnings per share. As a group, sell-side analysts predict that Intercontinental Exchange Inc. will post 8.21 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Jefferies Financial Group decreased their price objective on Intercontinental Exchange from $189.00 to $185.00 in a report on Wednesday, October 7th. Bank of America upped their target price on shares of Intercontinental Exchange from $232.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Raymond James Financial reduced their target price on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating on the stock in a report on Monday, October 5th. Argus dropped their price target on 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, Rothschild & Co Redburn raised their target price on shares of Intercontinental Exchange from $173.00 to $181.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $189.25.

Institutional Trading of Intercontinental Exchange

Several institutional investors and hedge funds have recently added to or reduced their stakes in ICE. Rakuten Securities Inc. bought a new position in Intercontinental Exchange during the second quarter worth about $26,000. Gables Capital Management Inc. purchased a new position in shares of Intercontinental Exchange in the 2nd quarter worth about $31,000. James T. Borello RIA boosted its holdings in Intercontinental Exchange by 143.0% in the third quarter. James T. Borello RIA now owns 209 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 123 shares in the last quarter. Hughes Financial Services LLC raised its holdings in shares of Intercontinental Exchange by 64.4% during the third 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 last quarter. Finally, Fiduciary Financial Advisors bought a new position in Intercontinental Exchange in the 2nd quarter worth approximately $33,000. 89.30% of the stock is owned by institutional investors.

More 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

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.