Intercontinental Exchange Inc (NYSE:ICE) CFO Scott A. Hill sold 11,675 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The shares were sold at an average price of $80.02, for a total transaction of $934,233.50. Following the completion of the sale, the chief financial officer now directly owns 173,430 shares in the company, valued at $13,877,868.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

NYSE ICE opened at $79.86 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38. Intercontinental Exchange Inc has a 52 week low of $67.70 and a 52 week high of $82.65. The company has a market cap of $45.18 billion, a price-to-earnings ratio of 22.25, a PEG ratio of 2.54 and a beta of 0.48.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.92 by $0.02. Intercontinental Exchange had a net margin of 31.68% and a return on equity of 12.23%. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the business posted $0.73 EPS. The firm’s revenue was up 14.1% on a year-over-year basis. As a group, research analysts expect that Intercontinental Exchange Inc will post 3.73 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Friday, September 13th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 30.64%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Intercontinental Wealth Advisors LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Gradient Investments LLC grew its holdings in Intercontinental Exchange by 432.8% during the 4th quarter. Gradient Investments LLC now owns 357 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 290 shares in the last quarter. Ruggie Capital Group acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $29,000. Moody National Bank Trust Division acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $30,000. Finally, Sontag Advisory LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $34,000. Institutional investors own 90.55% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Bank of America set a $85.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Citigroup raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 target price on the stock in a research note on Tuesday, January 22nd. ValuEngine downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Wells Fargo & Co upped their target price on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Finally, Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.55.

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Intercontinental Exchange Company Profile

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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Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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