Intercontinental Exchange, Inc. (NYSE:ICE) SVP Douglas Foley Sells 1,600 Shares

Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $108.48, for a total transaction of $173,568.00. Following the completion of the transaction, the senior vice president now directly owns 19,881 shares in the company, valued at approximately $2,156,690.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Douglas Foley also recently made the following trade(s):

  • On Thursday, February 23rd, Douglas Foley sold 1,600 shares of Intercontinental Exchange stock. The stock was sold at an average price of $104.80, for a total transaction of $167,680.00.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $105.11 on Friday. Intercontinental Exchange, Inc. has a one year low of $88.60 and a one year high of $113.07. The company has a market cap of $58.76 billion, a P/E ratio of 40.74, a P/E/G ratio of 2.05 and a beta of 0.93. The firm’s fifty day moving average price is $105.66 and its two-hundred day moving average price is $105.02. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.08 and a quick ratio of 1.08.

Intercontinental Exchange (NYSE:ICEGet Rating) last released its quarterly earnings results on Thursday, May 4th. The financial services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.40 by $0.01. Intercontinental Exchange had a net margin of 14.97% and a return on equity of 12.98%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the prior year, the company posted $1.43 earnings per share. Intercontinental Exchange’s revenue was down .2% compared to the same quarter last year. Equities analysts expect that Intercontinental Exchange, Inc. will post 5.48 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.60%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 65.12%.

Analyst Ratings Changes

A number of brokerages have recently commented on ICE. Raymond James boosted their price objective on shares of Intercontinental Exchange from $126.00 to $127.00 and gave the stock a “strong-buy” rating in a research report on Thursday, April 6th. Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 11th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Intercontinental Exchange from $122.00 to $120.00 in a research report on Friday, May 5th. Keefe, Bruyette & Woods lowered their target price on shares of Intercontinental Exchange from $125.00 to $122.00 and set a “market perform” rating on the stock in a report on Wednesday, March 1st. Finally, StockNews.com assumed coverage on shares of Intercontinental Exchange in a report on Thursday, May 18th. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.70.

Institutional Investors Weigh In On Intercontinental Exchange

Several institutional investors and hedge funds have recently bought and sold shares of ICE. RB Capital Management LLC lifted its position in Intercontinental Exchange by 3.2% during the first quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock worth $534,000 after purchasing an additional 126 shares during the period. United Bank lifted its position in Intercontinental Exchange by 2.7% during the first quarter. United Bank now owns 15,988 shares of the financial services provider’s stock worth $2,112,000 after purchasing an additional 422 shares during the period. U.S. Capital Wealth Advisors LLC lifted its position in Intercontinental Exchange by 13.5% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock worth $245,000 after purchasing an additional 220 shares during the period. Sei Investments Co. lifted its position in Intercontinental Exchange by 31.5% during the first quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock worth $27,077,000 after purchasing an additional 49,081 shares during the period. Finally, Prudential PLC bought a new stake in Intercontinental Exchange during the first quarter worth about $1,679,000. Institutional investors own 87.28% of the company’s stock.

About Intercontinental Exchange

(Get Rating)

Intercontinental Exchange, Inc engages in the provision of market infrastructure, data services and technology solutions. It operates through the following segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment includes trading and listing revenue from the global futures network, the New York Stock Exchange and other registered securities exchanges.

Further Reading

Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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