Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson Sells 2,000 Shares of Stock

Posted by Defense World Staff on Sep 19th, 2023

Intercontinental Exchange, Inc. (NYSE:ICE – Get Free Report) President Benjamin Jackson sold 2,000 shares of Intercontinental Exchange stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $117.14, for a total value of $234,280.00. Following the transaction, the president now owns 125,647 shares of the company’s stock, valued at approximately $14,718,289.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Benjamin Jackson also recently made the following trade(s):

On Wednesday, July 12th, Benjamin Jackson sold 3,000 shares of Intercontinental Exchange stock. The stock was sold at an average price of $115.54, for a total value of $346,620.00.

Intercontinental Exchange Stock Up 0.1 %

NYSE ICE opened at $115.89 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a 1-year low of $88.60 and a 1-year high of $118.79. The company has a 50 day moving average of $115.40 and a 200-day moving average of $109.62. The company has a market cap of $64.93 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 2.32 and a beta of 0.93.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.06. Intercontinental Exchange had a net margin of 17.64% and a return on equity of 13.11%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the business earned $1.32 earnings per share. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 5.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.68 annualized dividend and a yield of 1.45%. Intercontinental Exchange’s dividend payout ratio is currently 55.81%.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of research analyst reports. Citigroup upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $117.00 to $130.00 in a report on Friday, August 4th. Raymond James boosted their price objective on Intercontinental Exchange from $133.00 to $137.00 and gave the stock a “strong-buy” rating in a report on Tuesday, September 5th. UBS Group boosted their price objective on Intercontinental Exchange from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Friday, September 8th. Morgan Stanley reduced their price objective on Intercontinental Exchange from $124.00 to $118.00 and set an “equal weight” rating for the company in a report on Wednesday, September 6th. Finally, Piper Sandler boosted their price objective on Intercontinental Exchange from $125.00 to $135.00 in a report on Wednesday, July 5th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus target price of $133.00.

View Our Latest Research Report on ICE

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ICE. RB Capital Management LLC raised its position in Intercontinental Exchange by 3.2% during the first quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 126 shares in the last quarter. United Bank increased its holdings in shares of Intercontinental Exchange by 2.7% during the first quarter. United Bank now owns 15,988 shares of the financial services provider’s stock worth $2,112,000 after buying an additional 422 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Intercontinental Exchange by 13.5% during the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock worth $245,000 after buying an additional 220 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Intercontinental Exchange by 31.5% during the first quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock worth $27,077,000 after buying an additional 49,081 shares in the last quarter. Finally, Prudential PLC acquired a new position in shares of Intercontinental Exchange during the first quarter worth $1,679,000. 87.91% of the stock is currently owned by institutional investors and hedge funds.

About Intercontinental Exchange

(Get Free Report)

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.