Intercontinental Exchange Inc (NYSE:ICE) has been assigned an average rating of “Buy” from the sixteen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $85.09.
A number of research analysts have recently commented on the stock. Bank of America set a $85.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Citigroup raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 price target on the stock in a report on Tuesday, January 22nd. ValuEngine cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Wells Fargo & Co upped their price target on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the company a “market perform” rating in a report on Thursday, April 4th. Finally, Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th.
Shares of NYSE ICE traded up $1.36 during trading on Monday, reaching $78.64. 3,956,500 shares of the stock were exchanged, compared to its average volume of 2,989,715. Intercontinental Exchange has a twelve month low of $67.70 and a twelve month high of $82.65. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.38. The stock has a market cap of $43.72 billion, a P/E ratio of 21.91, a PEG ratio of 2.49 and a beta of 0.48.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.275 per share. The ex-dividend date is Friday, September 13th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.40%. Intercontinental Exchange’s dividend payout ratio (DPR) is 30.64%.
In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,500 shares of the stock in a transaction on Monday, January 28th. The shares were sold at an average price of $75.42, for a total transaction of $188,550.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 92,502 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $74.33, for a total transaction of $6,875,673.66. Following the sale, the chief executive officer now directly owns 1,553,471 shares in the company, valued at $115,469,499.43. The disclosure for this sale can be found here. Insiders have sold 218,627 shares of company stock worth $16,458,501 over the last three months. 1.50% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of ICE. Intercontinental Wealth Advisors LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter worth about $25,000. Gradient Investments LLC grew its position in shares of Intercontinental Exchange by 432.8% during the fourth quarter. Gradient Investments LLC now owns 357 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 290 shares during the last quarter. Ruggie Capital Group bought a new position in shares of Intercontinental Exchange during the fourth quarter worth about $29,000. Moody National Bank Trust Division bought a new position in shares of Intercontinental Exchange during the fourth quarter worth about $30,000. Finally, Sontag Advisory LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter worth about $34,000. 90.54% of the stock is currently owned by institutional investors.
About Intercontinental Exchange
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.
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