Intercontinental Exchange (NYSE:ICE) Stock: Insider Elizabeth Kathryn King Sells 1,919 Shares

Intercontinental Exchange Inc. (NYSE:ICE) insider Elizabeth King sold 1,919 shares of the business’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $175.00, for a total transaction of $335,825.00. Following the transaction, the insider owned 21,835 shares in the company, valued at approximately $3,821,125. The trade was a 8.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Intercontinental Exchange Price Performance

Shares of ICE traded down $1.73 during mid-day trading on Friday, reaching $172.28. The company had a trading volume of 2,685,083 shares, compared to its average volume of 3,772,203. The company has a market capitalization of $96.28 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.54 and a beta of 0.84. The company’s 50 day simple moving average is $158.44 and its 200 day simple moving average is $154.63. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.03 and a current ratio of 1.03. Intercontinental Exchange Inc. has a 1-year low of $121.79 and a 1-year high of $177.94.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, October 29th. The financial services provider reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.05. The company had revenue of $3.63 billion for 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%. Intercontinental Exchange’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.71 earnings per share. Analysts expect that Intercontinental Exchange Inc. will post 8.21 EPS for the current year.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ICE. Money Concepts Capital Corp bought a new position in Intercontinental Exchange in the third quarter valued at about $232,000. Allworth Financial LP raised its holdings in shares of Intercontinental Exchange by 8.9% in the 3rd quarter. Allworth Financial LP now owns 9,331 shares of the financial services provider’s stock worth $1,419,000 after acquiring an additional 766 shares during the last quarter. Maryland State Retirement & Pension System raised its holdings in shares of Intercontinental Exchange by 13.6% in the third quarter. Maryland State Retirement & Pension System now owns 34,464 shares of the financial services provider’s stock valued at $5,240,000 after purchasing an additional 4,131 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Intercontinental Exchange by 17.2% during the 3rd quarter. Ritholtz Wealth Management now owns 8,200 shares of the financial services provider’s stock valued at $1,247,000 after purchasing an additional 1,206 shares during the last quarter. Finally, UNIVEST FINANCIAL Corp lifted its stake in Intercontinental Exchange by 7.8% in the third quarter. UNIVEST FINANCIAL Corp now owns 49,100 shares of the financial services provider’s stock valued at $7,465,000 after purchasing an additional 3,546 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley boosted their price target on Intercontinental Exchange from $163.00 to $173.00 and gave the company an “equal weight” rating in a report on Friday, October 9th. The Goldman Sachs Group boosted their target price on Intercontinental Exchange from $192.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, October 2nd. Wells Fargo & Company lifted their price objective on Intercontinental Exchange from $160.00 to $167.00 and gave the company an “underweight” rating in a research note on Friday, October 30th. Piper Sandler reiterated an “overweight” rating and set a $195.00 price target (up from $190.00) on shares of Intercontinental Exchange in a report on Friday, October 2nd. Finally, Barclays raised their price objective on shares of Intercontinental Exchange from $189.00 to $194.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $189.25.

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.