Intercontinental Exchange, Inc. (NYSE:ICE) Given Consensus Rating of “Moderate Buy” by Analysts

Intercontinental Exchange, Inc. (NYSE:ICE) has earned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $178.80.

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th.

Insiders Place Their Bets

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This represents a 7.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,368 shares of company stock valued at $9,908,492 in the last three months. Insiders own 1.10% of the company’s stock.

Institutional Trading of Intercontinental Exchange

Several large investors have recently made changes to their positions in ICE. AMF Tjanstepension AB boosted its stake in shares of Intercontinental Exchange by 14.5% during the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock worth $20,441,000 after acquiring an additional 16,130 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Intercontinental Exchange by 21,404.8% during the 3rd quarter. International Assets Investment Management LLC now owns 39,999 shares of the financial services provider’s stock worth $6,425,000 after acquiring an additional 39,813 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of Intercontinental Exchange by 10.2% during the 3rd quarter. Dakota Wealth Management now owns 4,978 shares of the financial services provider’s stock worth $800,000 after acquiring an additional 459 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Intercontinental Exchange by 2.2% during the 3rd quarter. Allworth Financial LP now owns 4,556 shares of the financial services provider’s stock worth $732,000 after acquiring an additional 96 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Intercontinental Exchange by 22.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,827 shares of the financial services provider’s stock valued at $6,000,000 after purchasing an additional 7,049 shares during the period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.4 %

Shares of Intercontinental Exchange stock opened at $168.49 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $96.81 billion, a price-to-earnings ratio of 35.25, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The business has a fifty day simple moving average of $155.70 and a 200-day simple moving average of $158.33. Intercontinental Exchange has a fifty-two week low of $124.34 and a fifty-two week high of $169.89.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, equities analysts forecast that Intercontinental Exchange will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is currently 37.66%.

Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.