Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) SVP Douglas Foley sold 1,600 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $108.48, for a total transaction of $173,568.00. Following the transaction, the senior vice president now owns 19,881 shares of the company’s stock, valued at approximately $2,156,690.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Douglas Foley also recently made the following trade(s):
- On Thursday, February 23rd, Douglas Foley sold 1,600 shares of Intercontinental Exchange stock. The shares were sold at an average price of $104.80, for a total transaction of $167,680.00.
Intercontinental Exchange Price Performance
NYSE:ICE opened at $107.89 on Wednesday. Intercontinental Exchange, Inc. has a 52 week low of $88.60 and a 52 week high of $113.07. The firm has a market cap of $60.40 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 2.07 and a beta of 0.93. The firm’s 50-day simple moving average is $105.36 and its 200 day simple moving average is $105.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.08 and a current ratio of 1.08.
Intercontinental Exchange Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.56%. Intercontinental Exchange’s payout ratio is currently 65.12%.
Wall Street Analyst Weigh In
A number of analysts have commented on ICE shares. TheStreet upgraded shares of Intercontinental Exchange from a “c+” rating to a “b-” rating in a research note on Wednesday, January 25th. StockNews.com started coverage on shares of Intercontinental Exchange in a research note on Thursday, May 18th. They set a “hold” rating for the company. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $120.00 to $123.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 11th. Citigroup raised their target price on shares of Intercontinental Exchange from $110.00 to $117.00 and gave the stock a “neutral” rating in a research note on Friday, February 3rd. Finally, UBS Group raised their target price on shares of Intercontinental Exchange from $130.00 to $135.00 in a research note on Friday, May 5th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.70.
Institutional Investors Weigh In On Intercontinental Exchange
A number of hedge funds have recently made changes to their positions in ICE. Vanguard Group Inc. boosted its position in Intercontinental Exchange by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 45,037,736 shares of the financial services provider’s stock worth $4,069,159,000 after buying an additional 420,731 shares during the period. BlackRock Inc. lifted its position in shares of Intercontinental Exchange by 1.5% in the 1st quarter. BlackRock Inc. now owns 41,663,328 shares of the financial services provider’s stock worth $4,345,068,000 after purchasing an additional 608,371 shares during the period. Morgan Stanley lifted its position in shares of Intercontinental Exchange by 18.9% in the 4th quarter. Morgan Stanley now owns 25,406,629 shares of the financial services provider’s stock worth $2,606,466,000 after purchasing an additional 4,044,744 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Intercontinental Exchange by 45.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 17,114,267 shares of the financial services provider’s stock valued at $1,755,753,000 after acquiring an additional 5,354,161 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Intercontinental Exchange by 1.2% in the 1st quarter. Geode Capital Management LLC now owns 10,503,361 shares of the financial services provider’s stock valued at $1,092,660,000 after acquiring an additional 127,481 shares in the last quarter. 87.28% of the stock is currently owned by institutional investors and hedge funds.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc engages in the provision of market infrastructure, data services and technology solutions. It operates through the following segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment includes trading and listing revenue from the global futures network, the New York Stock Exchange and other registered securities exchanges.
Read More
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