Intercontinental Exchange Inc (NYSE:ICE) CFO Scott A. Hill sold 33,875 shares of the firm’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $90.06, for a total transaction of $3,050,782.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Intercontinental Exchange stock traded down $0.18 on Friday, reaching $91.55. The stock had a trading volume of 1,773,169 shares, compared to its average volume of 2,649,732. The firm’s 50 day moving average price is $85.40. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.40. Intercontinental Exchange Inc has a 1 year low of $69.69 and a 1 year high of $91.77. The stock has a market cap of $51.54 billion, a PE ratio of 25.43, a P/E/G ratio of 2.92 and a beta of 0.49.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Intercontinental Exchange Inc will post 3.76 earnings per share for the current year.
A number of research analysts have commented on ICE shares. Wells Fargo & Co reissued a “buy” rating and set a $36.00 target price on shares of Brookfield Renewable Partners in a research report on Thursday, April 4th. Deutsche Bank raised their target price on shares of T. Rowe Price Group from $91.00 to $94.00 and gave the company a “hold” rating in a research report on Friday, March 15th. Bank of America set a $180.00 target price on shares of CME Group and gave the company a “hold” rating in a research report on Tuesday, April 9th. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Monday, May 13th. Finally, Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. Intercontinental Exchange has an average rating of “Buy” and a consensus target price of $86.26.
Several institutional investors have recently modified their holdings of the company. Carroll Financial Associates Inc. grew its position in Intercontinental Exchange by 51.3% during the 2nd quarter. Carroll Financial Associates Inc. now owns 360 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 122 shares during the last quarter. Sontag Advisory LLC purchased a new stake in Intercontinental Exchange during the 4th quarter worth approximately $34,000. Arlington Partners LLC purchased a new stake in Intercontinental Exchange during the 2nd quarter worth approximately $34,000. Pittenger & Anderson Inc. purchased a new stake in Intercontinental Exchange during the 1st quarter worth approximately $44,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in Intercontinental Exchange during the 1st quarter worth approximately $69,000. 88.97% of the stock is currently owned by hedge funds and other institutional investors.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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