Intercontinental Exchange, Inc. (NYSE:ICE) General Counsel Andrew J. Surdykowski Sells 341 Shares

Intercontinental Exchange, Inc. (NYSE:ICE) General Counsel Andrew J. Surdykowski sold 341 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the sale, the general counsel now owns 48,713 shares in the company, valued at approximately $6,417,450.62. The sale was disclosed in a filing with the SEC, which is available through this link.

Intercontinental Exchange Stock Down 1.5 %

Shares of NYSE:ICE opened at $128.76 on Wednesday. The company has a market capitalization of $73.73 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.15 and a beta of 1.02. Intercontinental Exchange, Inc. has a 1 year low of $103.81 and a 1 year high of $140.43. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. The business has a fifty day moving average price of $135.58 and a two-hundred day moving average price of $125.65.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.04. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 earnings per share. Analysts forecast that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.45 dividend. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 annualized dividend and a yield of 1.40%. Intercontinental Exchange’s dividend payout ratio is presently 42.86%.

Institutional Trading of Intercontinental Exchange

Institutional investors have recently modified their holdings of the business. Pettyjohn Wood & White Inc. grew its position in shares of Intercontinental Exchange by 0.5% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock valued at $2,031,000 after purchasing an additional 75 shares in the last quarter. Busey Bank boosted its position in shares of Intercontinental Exchange by 3.4% during the 1st quarter. Busey Bank now owns 2,439 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 80 shares during the last quarter. Western Pacific Wealth Management LP grew its holdings in shares of Intercontinental Exchange by 4.9% during the fourth quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 80 shares in the last quarter. Spire Wealth Management increased its position in shares of Intercontinental Exchange by 16.4% in the first quarter. Spire Wealth Management now owns 582 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 82 shares during the last quarter. Finally, Kampmann Melissa S. raised its stake in Intercontinental Exchange by 0.3% in the fourth quarter. Kampmann Melissa S. now owns 26,175 shares of the financial services provider’s stock valued at $3,362,000 after purchasing an additional 85 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ICE. Rosenblatt Securities increased their price target on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Piper Sandler boosted their price target on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Citigroup raised their price objective on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $152.00 price target on shares of Intercontinental Exchange in a research note on Thursday, April 4th. Finally, Raymond James boosted their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Friday, January 5th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $148.08.

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.