Several other research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods restated a buy rating and issued a $85.50 price objective on shares of Intercontinental Exchange in a research report on Monday, February 11th. Wells Fargo & Co reaffirmed a hold rating on shares of Intercontinental Exchange in a report on Thursday, February 7th. Deutsche Bank lowered their target price on shares of Intercontinental Exchange from $84.00 to $83.00 and set a buy rating for the company in a report on Friday, March 15th. Citigroup raised shares of Intercontinental Exchange from a neutral rating to a buy rating and set a $75.63 target price for the company in a report on Tuesday, January 22nd. Finally, Zacks Investment Research lowered shares of Intercontinental Exchange from a hold rating to a sell rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $85.55.
ICE stock traded down $0.34 during trading on Monday, hitting $81.00. The company had a trading volume of 6,653 shares, compared to its average volume of 2,271,754. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange has a 12 month low of $69.33 and a 12 month high of $82.65. The stock has a market capitalization of $45.45 billion, a PE ratio of 22.60, a price-to-earnings-growth ratio of 2.62 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 earnings per share for the quarter, topping the 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 firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company posted $0.90 EPS. Intercontinental Exchange’s revenue was up 3.7% on a year-over-year basis. As a group, equities analysts expect that Intercontinental Exchange will post 3.74 earnings per share for the current fiscal year.
In other news, General Counsel Andrew J. Surdykowski sold 1,200 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $81.00, for a total value of $97,200.00. Following the completion of the transaction, the general counsel now owns 41,161 shares of the company’s stock, valued at approximately $3,334,041. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Benjamin Jackson sold 1,455 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $80.49, for a total transaction of $117,112.95. Following the completion of the transaction, the president now directly owns 76,749 shares of the company’s stock, valued at approximately $6,177,527.01. The disclosure for this sale can be found here. Insiders have sold a total of 215,457 shares of company stock valued at $16,327,598 in the last ninety days. Company insiders own 1.50% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Intercontinental Exchange by 6.4% in the 1st quarter. CWM LLC now owns 2,138 shares of the financial services provider’s stock valued at $163,000 after buying an additional 128 shares during the period. Chemical Bank boosted its stake in 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 purchasing an additional 129 shares during the period. Allred Capital Management LLC boosted its stake in 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 purchasing an additional 133 shares during the period. Rosenbaum Jay D. boosted its stake in 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 purchasing an additional 140 shares during the period. Finally, Citizens Financial Group Inc RI boosted its stake in 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 purchasing an additional 143 shares during the period. 90.94% of the stock is owned by institutional investors.
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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