Intercontinental Exchange Inc (NYSE:ICE) insider David S. Goone sold 44,755 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $61.00, for a total value of $2,730,055.00. Following the transaction, the insider now owns 200,657 shares of the company’s stock, valued at $12,240,077. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Intercontinental Exchange Inc (NYSE:ICE) opened at 61.00 on Tuesday. The company has a 50-day moving average price of $58.81 and a 200-day moving average price of $56.55. Intercontinental Exchange Inc has a 12 month low of $45.88 and a 12 month high of $61.98. The company has a market capitalization of $7.02 billion, a P/E ratio of 25.74 and a beta of 0.96.
Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Tuesday, February 7th. The company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.02. The business earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Intercontinental Exchange had a return on equity of 10.79% and a net margin of 23.87%. The business’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.27 earnings per share. On average, analysts forecast that Intercontinental Exchange Inc will post $3.00 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date is Wednesday, June 14th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 28.64%.
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A number of research analysts have recently commented on the company. Jefferies Group LLC increased their target price on Intercontinental Exchange from $62.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, December 20th. Zacks Investment Research downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, March 8th. Finally, Evercore ISI reiterated a “buy” rating and set a $63.00 target price on shares of Intercontinental Exchange in a research report on Saturday, December 17th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Intercontinental Exchange currently has a consensus rating of “Buy” and an average price target of $60.62.
Several hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its stake in Intercontinental Exchange by 446.6% in the fourth quarter. State Street Corp now owns 25,166,147 shares of the company’s stock worth $1,419,869,000 after buying an additional 20,561,965 shares during the period. FMR LLC boosted its stake in Intercontinental Exchange by 782.0% in the fourth quarter. FMR LLC now owns 7,485,008 shares of the company’s stock worth $422,305,000 after buying an additional 6,636,347 shares during the period. Janus Capital Management LLC boosted its stake in Intercontinental Exchange by 364.1% in the fourth quarter. Janus Capital Management LLC now owns 6,069,377 shares of the company’s stock worth $342,545,000 after buying an additional 4,761,527 shares during the period. Artisan Partners Limited Partnership boosted its stake in Intercontinental Exchange by 510.8% in the fourth quarter. Artisan Partners Limited Partnership now owns 5,515,439 shares of the company’s stock worth $311,181,000 after buying an additional 4,612,454 shares during the period. Finally, Norges Bank acquired a new stake in Intercontinental Exchange during the fourth quarter worth approximately $228,969,000. Institutional investors and hedge funds own 28.85% of the company’s stock.
About Intercontinental Exchange
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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