Intercontinental Exchange (NYSE:ICE) Given New $163.00 Price Target at Deutsche Bank Aktiengesellschaft

Intercontinental Exchange (NYSE:ICE) had its price objective increased by Deutsche Bank Aktiengesellschaft from $160.00 to $163.00 in a report released on Monday,Benzinga reports. They currently have a hold rating on the financial services provider’s stock.

Other research analysts have also issued reports about the company. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a report on Monday, October 14th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Piper Sandler boosted their price target on Intercontinental Exchange from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus target price of $174.13.

Intercontinental Exchange Stock Performance

ICE stock opened at $157.08 on Monday. The business’s 50-day moving average price is $161.52 and its two-hundred day moving average price is $149.31. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market cap of $90.19 billion, a PE ratio of 37.22, a P/E/G ratio of 2.61 and a beta of 1.08. Intercontinental Exchange has a 1-year low of $108.62 and a 1-year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.46 earnings per share. As a group, research analysts forecast that Intercontinental Exchange will post 6.07 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Monday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 42.65%.

Insiders Place Their Bets

In other Intercontinental Exchange news, CAO James W. Namkung sold 1,171 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total transaction of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at $2,666,400. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total value of $187,360.00. Following the transaction, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at approximately $2,666,400. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the transaction, the insider now directly owns 14,034 shares in the company, valued at $2,284,875.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock valued at $1,202,259 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intercontinental Exchange

Large investors have recently added to or reduced their stakes in the stock. New Millennium Group LLC acquired a new stake in Intercontinental Exchange during the second quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange during the second quarter worth approximately $25,000. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the second quarter worth approximately $25,000. Wolff Wiese Magana LLC grew its position in Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in Intercontinental Exchange during the third quarter worth approximately $26,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

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.