Intercontinental Exchange, Inc. (NYSE:ICE) SVP Douglas Foley Sells 1,600 Shares

Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) SVP Douglas Foley sold 1,600 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $177.48, for a total value of $283,968.00. Following the transaction, the senior vice president now owns 27,313 shares of the company's stock, valued at approximately $4,847,511.24. This trade represents a 5.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Intercontinental Exchange Trading Up 0.7%

Shares of NYSE ICE traded up $1.23 during trading hours on Monday, hitting $179.67. 2,150,687 shares of the company traded hands, compared to its average volume of 3,016,682. The stock has a market capitalization of $103.06 billion, a price-to-earnings ratio of 37.59, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company's 50 day moving average price is $170.89 and its 200 day moving average price is $164.21. Intercontinental Exchange, Inc. has a 12 month low of $133.97 and a 12 month high of $181.80.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Intercontinental Exchange's quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.48 EPS. On average, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Hedge Funds Weigh In On Intercontinental Exchange

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Intercontinental Exchange by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 52,940,356 shares of the financial services provider's stock valued at $9,132,211,000 after acquiring an additional 712,179 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Intercontinental Exchange by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock worth $1,765,317,000 after buying an additional 327,637 shares in the last quarter. Royal Bank of Canada grew its position in shares of Intercontinental Exchange by 132.9% during the 4th quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock worth $1,359,173,000 after buying an additional 5,204,309 shares in the last quarter. Norges Bank bought a new position in shares of Intercontinental Exchange during the 4th quarter worth $1,196,258,000. Finally, Northern Trust Corp grew its position in shares of Intercontinental Exchange by 9.7% during the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock worth $1,105,953,000 after buying an additional 655,247 shares in the last quarter. Institutional investors own 89.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ICE. Keefe, Bruyette & Woods boosted their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Morgan Stanley boosted their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Barclays upped their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Bank of America decreased their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $188.46.

Intercontinental Exchange Company Profile

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.