Brokerages Set Intercontinental Exchange, Inc. (NYSE:ICE) PT at $148.08

Intercontinental Exchange, Inc. (NYSE:ICE) has been given an average rating of “Moderate Buy” by the thirteen brokerages that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $147.92.

A number of research firms have commented on ICE. UBS Group upped their price target on Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Barclays dropped their price target on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Morgan Stanley raised their price objective on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods decreased their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a report on Friday, May 3rd.

Insider Activity

In related news, insider Elizabeth Kathryn King sold 3,783 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $499,469.49. Following the transaction, the insider now directly owns 17,242 shares in the company, valued at $2,276,461.26. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Elizabeth Kathryn King sold 3,783 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total transaction of $499,469.49. Following the completion of the sale, the insider now directly owns 17,242 shares of the company’s stock, valued at $2,276,461.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO James W. Namkung sold 1,182 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $156,059.46. Following the completion of the transaction, the chief accounting officer now directly owns 16,396 shares in the company, valued at approximately $2,164,763.88. The disclosure for this sale can be found here. Insiders sold a total of 157,832 shares of company stock worth $21,499,127 over the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Trading of Intercontinental Exchange

Several hedge funds have recently added to or reduced their stakes in the stock. OFI Invest Asset Management purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth approximately $25,000. Scarborough Advisors LLC purchased a new stake in Intercontinental Exchange in the fourth quarter worth $25,000. Annapolis Financial Services LLC raised its stake in shares of Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after buying an additional 163 shares during the period. Jones Financial Companies Lllp purchased a new position in shares of Intercontinental Exchange during the 3rd quarter valued at $26,000. Finally, Redmont Wealth Advisors LLC bought a new position in shares of Intercontinental Exchange during the 1st quarter worth $26,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 1.9 %

Shares of NYSE ICE opened at $133.72 on Wednesday. The company has a 50 day simple moving average of $134.78 and a 200 day simple moving average of $126.35. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange has a 1 year low of $103.81 and a 1 year high of $140.43. The firm has a market cap of $76.70 billion, a PE ratio of 30.67, a price-to-earnings-growth ratio of 2.14 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.48. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.41 EPS. On average, research analysts forecast that Intercontinental Exchange will post 5.95 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Thursday, June 13th. Intercontinental Exchange’s dividend payout ratio is 41.28%.

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.