Benjamin Jackson Sells 7,900 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson sold 7,900 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the transaction, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. This represents a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Benjamin Jackson also recently made the following trade(s):

• On Thursday, February 20th, Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48.
• On Tuesday, February 18th, Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock. The stock was sold at an average price of $166.36, for a total value of $1,314,244.00.
• On Thursday, February 6th, Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock. The shares were sold at an average price of $165.71, for a total value of $965,757.88.

Intercontinental Exchange Trading Up 1.4 %

NYSE ICE traded up $2.37 during trading on Friday, hitting $173.21. The company had a trading volume of 5,508,576 shares, compared to its average volume of 3,036,656. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $173.54. The company has a market cap of $99.52 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The company’s fifty day moving average is $156.95 and its 200-day moving average is $158.63. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results 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 return on equity of 12.95% and a net margin of 23.42%. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is 40.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICE. Quintet Private Bank Europe S.A. grew its stake in shares of Intercontinental Exchange by 13.8% in the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 62 shares during the last quarter. Integrated Advisors Network LLC grew its position in Intercontinental Exchange by 4.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock valued at $275,000 after purchasing an additional 66 shares during the last quarter. Strategic Advisors LLC lifted its stake in shares of Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock worth $201,000 after buying an additional 66 shares in the last quarter. Commons Capital LLC raised its holdings in Intercontinental Exchange by 1.2% in the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock worth $886,000 after acquiring an additional 69 shares during the last quarter. Finally, Catalyst Capital Advisors LLC lifted its position in Intercontinental Exchange by 6.2% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ICE shares. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. 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. Deutsche Bank Aktiengesellschaft upped their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $178.80.

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.