Intercontinental Exchange (NYSE:ICE) President Benjamin Jackson Sells 12,861 Shares of Stock

Intercontinental Exchange Inc. (NYSE:ICE) President Benjamin Jackson sold 12,861 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the completion of the transaction, the president directly owned 165,692 shares of the company’s stock, valued at $27,339,180. This represents a 7.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $149.82 on Friday. The firm has a market capitalization of $85.08 billion, a P/E ratio of 25.96, a price-to-earnings-growth ratio of 1.58 and a beta of 1.02. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. The firm’s fifty day moving average price is $165.35 and its two-hundred day moving average price is $165.86. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. As a group, research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 annualized dividend and a yield of 1.4%. Intercontinental Exchange’s dividend payout ratio is currently 33.28%.

Wall Street Analyst Weigh In

ICE has been the subject of several research analyst reports. Morgan Stanley set a $183.00 target price on Intercontinental Exchange and gave the stock an “equal weight” rating in a research note on Tuesday. TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Piper Sandler reiterated an “overweight” rating and issued a $195.00 price objective (down from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Intercontinental Exchange has a consensus rating of “Buy” and an average price target of $195.40.

Institutional Investors Weigh In On Intercontinental Exchange

A number of institutional investors have recently modified their holdings of the business. Ares Financial Consulting LLC acquired a new stake in Intercontinental Exchange in the 4th quarter worth about $25,000. Princeton Global Asset Management LLC bought a new position in shares of Intercontinental Exchange during the second quarter worth approximately $28,000. Holos Integrated Wealth LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $28,000. Steph & Co. boosted its stake in shares of Intercontinental Exchange by 104.7% in the fourth quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock valued at $28,000 after buying an additional 89 shares during the period. Finally, Swiss RE Ltd. acquired a new stake in Intercontinental Exchange during the fourth quarter worth approximately $28,000. Institutional investors own 89.30% of the company’s stock.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.