Intercontinental Exchange, Inc. (NYSE:ICE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Intercontinental Exchange, Inc. (NYSE:ICE) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $185.93.

ICE has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Barclays raised their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. UBS Group boosted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a research note on Friday, May 2nd.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the sale, the director now directly owns 21,364 shares of the company’s stock, valued at approximately $3,396,876. This trade represents a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $166.36, for a total value of $1,314,244.00. Following the transaction, the president now directly owns 160,059 shares of the company’s stock, valued at approximately $26,627,415.24. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,368 shares of company stock worth $7,077,789. 1.00% of the stock is owned by company insiders.

Institutional Trading of Intercontinental Exchange

A number of institutional investors and hedge funds have recently modified their holdings of ICE. Fielder Capital Group LLC raised its holdings in shares of Intercontinental Exchange by 2.2% during the first quarter. Fielder Capital Group LLC now owns 2,808 shares of the financial services provider’s stock valued at $484,000 after acquiring an additional 61 shares during the last quarter. Berkeley Capital Partners LLC boosted its stake in Intercontinental Exchange by 1.1% during the 1st quarter. Berkeley Capital Partners LLC now owns 5,639 shares of the financial services provider’s stock worth $973,000 after purchasing an additional 62 shares during the last quarter. GPS Wealth Strategies Group LLC raised its position in shares of Intercontinental Exchange by 17.2% in the first quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider’s stock valued at $74,000 after buying an additional 63 shares during the last quarter. Values Added Financial LLC lifted its stake in shares of Intercontinental Exchange by 4.4% in the first quarter. Values Added Financial LLC now owns 1,533 shares of the financial services provider’s stock worth $264,000 after buying an additional 64 shares in the last quarter. Finally, Strategic Advisors LLC raised its holdings in Intercontinental Exchange by 5.1% in the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

ICE opened at $178.73 on Friday. The firm has a market capitalization of $102.52 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50-day moving average is $166.93 and its two-hundred day moving average is $160.97. Intercontinental Exchange has a 1 year low of $131.79 and a 1 year high of $179.44.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.48 EPS. Research analysts anticipate that Intercontinental Exchange will post 6.73 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 Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.07%. Intercontinental Exchange’s dividend payout ratio (DPR) is 39.75%.

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.