Intercontinental Exchange Inc. (NYSE:ICE) had its price objective increased by stock analysts at Wells Fargo & Company from $65.00 to $73.00 in a report issued on Thursday. The firm presently has a “market perform” rating on the financial services provider’s stock. Wells Fargo & Company’s price target suggests a potential upside of 3.60% from the company’s current price.

A number of other brokerages also recently weighed in on ICE. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Tuesday, August 15th. BidaskClub raised Intercontinental Exchange from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Citigroup Inc. initiated coverage on Intercontinental Exchange in a report on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 target price on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $73.00 target price (up previously from $70.00) on shares of Intercontinental Exchange in a report on Monday, July 17th. Finally, Zacks Investment Research raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a report on Thursday, July 13th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Intercontinental Exchange currently has an average rating of “Buy” and an average price target of $69.28.

Intercontinental Exchange (NYSE:ICE) traded up 0.72% during trading on Thursday, reaching $70.97. The company’s stock had a trading volume of 1,527,434 shares. The stock has a market cap of $8.16 billion, a P/E ratio of 26.29 and a beta of 0.74. Intercontinental Exchange has a 1-year low of $52.27 and a 1-year high of $71.10. The company’s 50 day moving average price is $66.22 and its 200-day moving average price is $63.48.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.75. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Intercontinental Exchange had a return on equity of 10.80% and a net margin of 27.56%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 EPS. Equities analysts forecast that Intercontinental Exchange will post $2.94 earnings per share for the current fiscal year.

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In other Intercontinental Exchange news, insider Charles A. Vice sold 12,500 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $64.32, for a total transaction of $804,000.00. Following the transaction, the insider now directly owns 382,471 shares of the company’s stock, valued at approximately $24,600,534.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey C. Sprecher sold 80,420 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $65.24, for a total value of $5,246,600.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,420 shares of company stock worth $6,887,226. 1.50% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ICE. BlackRock Inc. lifted its holdings in Intercontinental Exchange by 2,943.4% during the 1st quarter. BlackRock Inc. now owns 35,050,179 shares of the financial services provider’s stock worth $2,098,452,000 after buying an additional 33,898,484 shares during the period. Janus Henderson Group PLC lifted its holdings in Intercontinental Exchange by 1,254.2% during the 2nd quarter. Janus Henderson Group PLC now owns 9,048,533 shares of the financial services provider’s stock worth $596,480,000 after buying an additional 8,380,362 shares during the period. OppenheimerFunds Inc. lifted its holdings in Intercontinental Exchange by 340.8% during the 1st quarter. OppenheimerFunds Inc. now owns 5,641,157 shares of the financial services provider’s stock worth $337,737,000 after buying an additional 4,361,480 shares during the period. Northern Trust Corp lifted its holdings in Intercontinental Exchange by 19.9% during the 2nd quarter. Northern Trust Corp now owns 11,355,251 shares of the financial services provider’s stock worth $748,538,000 after buying an additional 1,883,432 shares during the period. Finally, Prudential PLC lifted its holdings in Intercontinental Exchange by 39,517.6% during the 2nd quarter. Prudential PLC now owns 1,481,301 shares of the financial services provider’s stock worth $97,647,000 after buying an additional 1,477,562 shares during the period. 89.75% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Company Profile

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.

Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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