Intercontinental Exchange (NYSE:ICE) Price Target Raised to $189.00

Intercontinental Exchange (NYSE:ICE) had its price objective lifted by Barclays from $179.00 to $189.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other analysts have also issued research reports about the company. UBS Group upped their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $166.95 on Friday. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.63. The stock’s fifty day moving average price is $153.35 and its 200-day moving average price is $156.99. The firm has a market cap of $95.86 billion, a P/E ratio of 34.93, a P/E/G ratio of 3.21 and a beta of 1.11. Intercontinental Exchange has a 12 month low of $124.34 and a 12 month high of $169.75.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates 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 research analysts expect that Intercontinental Exchange will post 6.63 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 37.66%.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the transaction, the president now directly owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now directly owns 44,702 shares in the company, valued at $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,795 shares of company stock worth $2,120,572 over the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ICE. AMF Tjanstepension AB boosted its holdings in Intercontinental Exchange by 14.5% during the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock worth $20,441,000 after buying an additional 16,130 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Intercontinental Exchange by 6.6% during the 3rd quarter. Mather Group LLC. now owns 2,352 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 146 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Intercontinental Exchange by 4.0% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,704 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 179 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $212,000. Finally, Marcum Wealth LLC increased its stake in shares of Intercontinental Exchange by 6.9% in the 3rd quarter. Marcum Wealth LLC now owns 3,046 shares of the financial services provider’s stock valued at $489,000 after purchasing an additional 196 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

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.