IntercontinentalExchange Group Inc. (ICE) Insider Charles A. Vice Sells 1,500 Shares
IntercontinentalExchange Group Inc. (NYSE:ICE) insider Charles A. Vice sold 1,500 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $267.55, for a total transaction of $401,325.00. Following the transaction, the insider now directly owns 61,483 shares of the company’s stock, valued at approximately $16,449,776.65. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
IntercontinentalExchange Group Inc. (NYSE:ICE) opened at 267.31 on Friday. IntercontinentalExchange Group Inc. has a 1-year low of $227.22 and a 1-year high of $287.02. The stock’s 50 day moving average price is $277.73 and its 200 day moving average price is $261.39. The stock has a market capitalization of $30.75 billion, a PE ratio of 22.05 and a beta of 0.92.
IntercontinentalExchange Group (NYSE:ICE) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $3.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.38 by $0.05. IntercontinentalExchange Group had a return on equity of 10.72% and a net margin of 25.83%. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business earned $2.90 EPS. The business’s quarterly revenue was up 41.7% on a year-over-year basis. Equities research analysts forecast that IntercontinentalExchange Group Inc. will post $13.80 earnings per share for the current year.
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Large investors have recently bought and sold shares of the company. D. Scott Neal Inc. increased its stake in IntercontinentalExchange Group by 100.0% in the second quarter. D. Scott Neal Inc. now owns 400 shares of the company’s stock worth $102,000 after buying an additional 200 shares during the period. Point72 Asia Hong Kong Ltd purchased a new stake in IntercontinentalExchange Group during the second quarter worth $102,000. LSV Asset Management purchased a new stake in IntercontinentalExchange Group during the second quarter worth $116,000. Johnson Financial Group Inc. increased its stake in IntercontinentalExchange Group by 225.0% in the second quarter. Johnson Financial Group Inc. now owns 468 shares of the company’s stock worth $120,000 after buying an additional 324 shares during the period. Finally, Invictus RG increased its stake in IntercontinentalExchange Group by 2,695.5% in the first quarter. Invictus RG now owns 615 shares of the company’s stock worth $145,000 after buying an additional 593 shares during the period. 90.04% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on ICE. Zacks Investment Research upgraded IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Deutsche Bank AG boosted their target price on IntercontinentalExchange Group from $295.00 to $304.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. RBC Capital Markets reiterated a “sector perform” rating and set a $282.00 target price (up previously from $255.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. Royal Bank Of Canada boosted their target price on IntercontinentalExchange Group from $255.00 to $282.00 and gave the stock a “sector perform” rating in a report on Thursday, August 4th. Finally, Barclays PLC boosted their target price on IntercontinentalExchange Group from $295.00 to $307.00 and gave the stock an “overweight” rating in a report on Thursday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $296.18.
About IntercontinentalExchange Group
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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