Intercontinental Exchange, Inc. (NYSE:ICE) CAO sells $187,360.00 in stock

Intercontinental Exchange, Inc. (NYSE:ICE – Get Your Free Report ) CAO James W. Namkung sold 1,171 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $160.00, for a total value of $187,360.00. Following the completion of the sale, the chief accounting officer now directly owns 16,665 shares in the company, valued at approximately $2,666,400. The sale was disclosed in a legal filing with the SEC, which is available via this link.

Intercontinental Exchange Trading down 0.3%

Shares of ICE stock opened at $160.22 on Friday. The company has a quick ratio of 1.01, a current ratio of 0.99, and a debt-to-equity ratio of 0.69. Intercontinental Exchange, Inc. has a 12-month low of $104.49 and a 12-month high of $161.97. The company has a market cap of $91.90 billion, a P/E ratio of 36.75, a PEG ratio of 2.68 and a beta of 1.06. The company has a fifty day moving average of $148.75 and a 200 day moving average of $139.96.

Intercontinental Exchange (NYSE:ICE – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.03. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. During the same period in the previous year, the business posted EPS of $1.43. As a group, equities research analysts expect that Intercontinental Exchange, Inc. to record 6 EPS for the current year.

Analysts on Wall Street are forecasting an increase

Several equities research analysts recently commented on the stock. Argus restated a “buy” rating and issued a $153.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Intercontinental Exchange from $152.00 to $154.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Citigroup raised their price objective on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $143.00 to $167.00 in a report on Monday, July 1st. Finally, Barclays lifted their target price on Intercontinental Exchange from $159.00 to $167.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $154.93, based on data from MarketBeat.com.

See our latest report on ICE

Hedge funds intervene in intercontinental exchanges

Several large investors have recently bought and sold shares of ICE. Norges Bank bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $839,259,000. Wellington Management Group LLP boosted its holdings in Intercontinental Exchange by 35.0% in the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after buying an additional 4,251,371 shares during the last quarter. Vanguard Group Inc. raised its stake in Intercontinental Exchange by 7.5% in the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock valued at $6,978,218,000 after purchasing an additional 3,536,913 shares during the period. Capital World Investors boosted its holdings in Intercontinental Exchange by 35.6% in the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock worth $1,238,559,000 after buying an additional 2,530,119 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Intercontinental Exchange by 303.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider’s stock worth $305,832,000 after purchasing an additional 1,790,493 shares in the last quarter. 89.30% of shares are currently owned by institutional investors and hedge funds.

About Intercontinental Exchange

(Get a free report)

Intercontinental Exchange, Inc, together with its subsidiaries, is engaged in providing market infrastructure, data services and technology solutions to financial institutions, corporations and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel and Canada.

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