Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson Sells 5,828 Shares

Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now directly owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded up $0.70 on Wednesday, hitting $161.19. 2,370,999 shares of the company were exchanged, compared to its average volume of 2,576,841. The company’s 50 day moving average price is $160.55 and its two-hundred day moving average price is $151.52. The firm has a market capitalization of $92.55 billion, a price-to-earnings ratio of 38.03, a PEG ratio of 2.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a one year low of $111.82 and a one year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The firm had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the firm posted $1.46 EPS. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. Research analysts expect that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on ICE shares. Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research note on Monday, October 14th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Friday, November 1st. Piper Sandler boosted their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Bank of America increased their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, TD Cowen began coverage on Intercontinental Exchange in a report on Thursday, September 26th. They issued a “buy” rating and a $182.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $174.13.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ICE. Silvercrest Asset Management Group LLC raised its stake in shares of Intercontinental Exchange by 7.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 16,243 shares of the financial services provider’s stock valued at $2,232,000 after buying an additional 1,180 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in Intercontinental Exchange by 61.0% during the first quarter. B. Riley Wealth Advisors Inc. now owns 8,082 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 3,062 shares during the period. Tidal Investments LLC boosted its holdings in Intercontinental Exchange by 13.5% during the first quarter. Tidal Investments LLC now owns 30,820 shares of the financial services provider’s stock valued at $4,235,000 after purchasing an additional 3,655 shares in the last quarter. Plato Investment Management Ltd grew its stake in shares of Intercontinental Exchange by 2,134.9% in the 1st quarter. Plato Investment Management Ltd now owns 15,175 shares of the financial services provider’s stock valued at $2,086,000 after purchasing an additional 14,496 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new position in shares of Intercontinental Exchange in the 1st quarter worth approximately $233,000. 89.30% of the stock is owned by institutional investors.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.