Intercontinental Exchange, Inc. (ICE) To Go Ex-Dividend on March 17th

Intercontinental Exchange, Inc. (NYSE:ICE) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.48 per share by the financial services provider on Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Monday, March 17th. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.45.

Intercontinental Exchange has increased its dividend payment by an average of 10.9% annually over the last three years. Intercontinental Exchange has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Intercontinental Exchange to earn $7.37 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 26.1%.

Intercontinental Exchange Stock Down 0.4 %

ICE opened at $166.95 on Friday. The company has a market capitalization of $95.86 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. The firm has a 50-day simple moving average of $153.23 and a two-hundred day simple moving average of $156.81. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange has a 52 week low of $124.34 and a 52 week high of $169.75.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly 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%. Analysts forecast that Intercontinental Exchange will post 6.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ICE shares. JPMorgan Chase & Co. cut their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. UBS Group lifted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday. Keefe, Bruyette & Woods upped their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, Barclays raised their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 601 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the transaction, the insider now directly owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,795 shares of company stock valued at $2,120,572. 1.10% of the stock is currently owned by corporate insiders.

About Intercontinental Exchange

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.