Intercontinental Exchange Sees Unusually High Options Volume (ICE)

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Intercontinental Exchange Inc (NYSE:ICE) saw some unusual options trading activity on Tuesday. Traders bought 3,455 put options on the company. This is an increase of approximately 1,709% compared to the typical volume of 191 put options.

In other news, Vice Chairman Charles A. Vice sold 35,000 shares of the company’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $70.56, for a total transaction of $2,469,600.00. Following the completion of the transaction, the insider now owns 417,507 shares of the company’s stock, valued at approximately $29,459,293.92. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Benjamin Jackson sold 3,395 shares of the company’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $74.07, for a total transaction of $251,467.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 276,511 shares of company stock valued at $19,843,421. Corporate insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Barings LLC purchased a new position in Intercontinental Exchange in the 4th quarter worth approximately $445,000. Cetera Advisors LLC boosted its holdings in Intercontinental Exchange by 60.5% in the 4th quarter. Cetera Advisors LLC now owns 6,157 shares of the financial services provider’s stock worth $432,000 after acquiring an additional 2,322 shares during the period. Global X Management Co. LLC boosted its holdings in Intercontinental Exchange by 6.9% in the 4th quarter. Global X Management Co. LLC now owns 13,084 shares of the financial services provider’s stock worth $923,000 after acquiring an additional 850 shares during the period. Chartwell Investment Partners LLC boosted its holdings in Intercontinental Exchange by 33.4% in the 4th quarter. Chartwell Investment Partners LLC now owns 26,730 shares of the financial services provider’s stock worth $1,886,000 after acquiring an additional 6,691 shares during the period. Finally, First Allied Advisory Services Inc. boosted its holdings in Intercontinental Exchange by 2,056.0% in the 4th quarter. First Allied Advisory Services Inc. now owns 9,780 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 10,280 shares during the period. 88.65% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on ICE shares. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. ValuEngine raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Deutsche Bank upped their price objective on shares of Intercontinental Exchange from $80.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, April 6th. Sanford C. Bernstein started coverage on shares of Intercontinental Exchange in a research note on Monday, April 9th. They set an “outperform” rating and a $85.00 price objective for the company. Finally, JPMorgan Chase & Co. set a $83.00 price objective on shares of Intercontinental Exchange and gave the company a “buy” rating in a research note on Wednesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $78.36.

ICE opened at $74.61 on Thursday. The company has a market cap of $43.10 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 2.03 and a beta of 0.62. Intercontinental Exchange has a 1 year low of $63.22 and a 1 year high of $76.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.98 and a quick ratio of 0.98.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, May 3rd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. Intercontinental Exchange had a net margin of 41.65% and a return on equity of 11.14%. The company’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.74 EPS. analysts expect that Intercontinental Exchange will post 3.52 earnings per share for the current year.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.

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