Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson Sells 5,828 Shares of Stock

Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the transaction, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Intercontinental Exchange Stock Up 0.4 %

NYSE:ICE opened at $161.14 on Thursday. The company’s 50-day simple moving average is $160.55 and its 200-day simple moving average is $151.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a fifty-two week low of $111.82 and a fifty-two week high of $167.99. The stock has a market capitalization of $92.52 billion, a P/E ratio of 38.18, a P/E/G ratio of 2.64 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the firm earned $1.46 earnings per share. Intercontinental Exchange’s revenue was up 17.3% compared to the same quarter last year. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday. Morgan Stanley raised their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on shares of Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Bank of America raised their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.13.

Institutional Trading of Intercontinental Exchange

A number of institutional investors have recently made changes to their positions in the business. New Millennium Group LLC acquired a new position in Intercontinental Exchange during the 2nd quarter valued at about $25,000. International Assets Investment Management LLC purchased a new stake in shares of Intercontinental Exchange during the second quarter worth about $25,000. Fairscale Capital LLC acquired a new position in shares of Intercontinental Exchange during the second quarter valued at about $25,000. Wolff Wiese Magana LLC raised its position in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Intercontinental Exchange in the 3rd quarter worth approximately $26,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

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.