Intercontinental Exchange Inc (ICE) Insider Dean S. Mathison Sells 2,570 Shares
Intercontinental Exchange Inc (NYSE:ICE) insider Dean S. Mathison sold 2,570 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $69.77, for a total value of $179,308.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Intercontinental Exchange Inc (NYSE:ICE) opened at $72.85 on Friday. Intercontinental Exchange Inc has a 12-month low of $55.80 and a 12-month high of $72.99. The stock has a market capitalization of $42,620.00, a P/E ratio of 26.49, a P/E/G ratio of 2.31 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.01 and a current ratio of 1.01.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. Intercontinental Exchange had a return on equity of 11.01% and a net margin of 27.91%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.64 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities analysts forecast that Intercontinental Exchange Inc will post 2.95 earnings per share for the current fiscal year.
Intercontinental Exchange declared that its board has initiated a share buyback plan on Thursday, November 2nd that authorizes the company to buyback $1.20 billion in shares. This buyback authorization authorizes the financial services provider to reacquire up to 3.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC boosted its position in Intercontinental Exchange by 1,254.2% during the 2nd quarter. Janus Henderson Group PLC now owns 9,048,533 shares of the financial services provider’s stock worth $596,480,000 after acquiring an additional 8,380,362 shares during the period. Northern Trust Corp boosted its position in Intercontinental Exchange by 19.9% during the 2nd quarter. Northern Trust Corp now owns 11,355,251 shares of the financial services provider’s stock worth $748,538,000 after acquiring an additional 1,883,432 shares during the period. Prudential PLC boosted its position in Intercontinental Exchange by 39,517.6% during the 2nd quarter. Prudential PLC now owns 1,481,301 shares of the financial services provider’s stock worth $97,647,000 after acquiring an additional 1,477,562 shares during the period. BT Investment Management Ltd acquired a new position in Intercontinental Exchange during the 2nd quarter worth $97,240,000. Finally, Capital International Investors boosted its position in Intercontinental Exchange by 15.6% during the 3rd quarter. Capital International Investors now owns 8,723,353 shares of the financial services provider’s stock worth $599,294,000 after acquiring an additional 1,176,185 shares during the period. Institutional investors and hedge funds own 89.95% of the company’s stock.
A number of brokerages have recently weighed in on ICE. UBS Group boosted their price target on Intercontinental Exchange from $73.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Citigroup boosted their price target on Intercontinental Exchange from $67.00 to $75.00 and gave the company a “neutral” rating in a report on Thursday, October 19th. Barclays boosted their price target on Intercontinental Exchange from $72.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Wednesday. Finally, Royal Bank of Canada boosted their price target on Intercontinental Exchange from $70.00 to $76.00 and gave the company an “outperform” rating in a report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Intercontinental Exchange presently has a consensus rating of “Buy” and an average target price of $75.40.
Intercontinental Exchange Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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