Intercontinental Exchange Inc (NYSE:ICE) General Counsel Johnathan H. Short sold 6,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $77.05, for a total value of $462,300.00. Following the sale, the general counsel now directly owns 47,991 shares of the company’s stock, valued at approximately $3,697,706.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of NYSE ICE traded up $0.46 during mid-day trading on Friday, reaching $77.84. The company had a trading volume of 2,161,800 shares, compared to its average volume of 2,514,594. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 0.98. Intercontinental Exchange Inc has a one year low of $64.29 and a one year high of $77.99. The stock has a market capitalization of $43.99 billion, a P/E ratio of 26.26, a PEG ratio of 2.24 and a beta of 0.64.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.01. Intercontinental Exchange had a return on equity of 11.45% and a net margin of 41.83%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the business earned $0.75 earnings per share. Intercontinental Exchange’s revenue was up 5.6% on a year-over-year basis. equities research analysts forecast that Intercontinental Exchange Inc will post 3.48 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. MAI Capital Management grew its position in Intercontinental Exchange by 2.1% in the second quarter. MAI Capital Management now owns 46,422 shares of the financial services provider’s stock valued at $3,414,000 after acquiring an additional 940 shares during the last quarter. Senator Investment Group LP grew its position in Intercontinental Exchange by 140.0% in the second quarter. Senator Investment Group LP now owns 2,400,000 shares of the financial services provider’s stock valued at $176,520,000 after acquiring an additional 1,400,000 shares during the last quarter. Guinness Asset Management Ltd grew its position in Intercontinental Exchange by 16.6% in the second quarter. Guinness Asset Management Ltd now owns 89,500 shares of the financial services provider’s stock valued at $6,583,000 after acquiring an additional 12,730 shares during the last quarter. Morse Asset Management Inc grew its position in Intercontinental Exchange by 15.7% in the second quarter. Morse Asset Management Inc now owns 66,255 shares of the financial services provider’s stock valued at $4,873,000 after acquiring an additional 9,000 shares during the last quarter. Finally, BTC Capital Management Inc. grew its position in Intercontinental Exchange by 2.4% in the second quarter. BTC Capital Management Inc. now owns 49,032 shares of the financial services provider’s stock valued at $3,612,000 after acquiring an additional 1,158 shares during the last quarter. Institutional investors own 88.55% of the company’s stock.
ICE has been the subject of a number of research reports. Compass Point initiated coverage on Intercontinental Exchange in a report on Friday, June 22nd. They set a “buy” rating and a $85.00 target price for the company. Zacks Investment Research raised Intercontinental Exchange from a “sell” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, July 4th. ValuEngine cut Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Saturday, June 16th. Rosenblatt Securities assumed coverage on Intercontinental Exchange in a research report on Wednesday. They issued a “buy” rating and a $88.00 price target on the stock. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $80.00 price target (up previously from $74.00) on shares of Intercontinental Exchange in a research report on Monday, July 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have given a buy rating to the company’s stock. Intercontinental Exchange presently has a consensus rating of “Buy” and an average price target of $81.44.
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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