Intercontinental Exchange, Inc. (NYSE:ICE) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $185.93.

Several equities research analysts have commented on ICE shares. Bank of America lowered their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Barclays lifted their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. JPMorgan Chase & Co. lowered their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Keefe, Bruyette & Woods lifted their target price on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a report on Friday, May 2nd. Finally, UBS Group raised their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th.

Intercontinental Exchange Trading Down 2.9%

NYSE:ICE traded down $5.19 during midday trading on Friday, hitting $173.14. The stock had a trading volume of 4,617,657 shares, compared to its average volume of 2,958,718. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $99.32 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.10 and a beta of 1.12. The stock has a 50-day moving average of $166.93 and a 200 day moving average of $160.93. Intercontinental Exchange has a one year low of $131.79 and a one year high of $182.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that Intercontinental Exchange will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.11%. Intercontinental Exchange's payout ratio is presently 39.75%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the transaction, the insider now directly owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the sale, the president now directly owns 155,174 shares of the company's stock, valued at approximately $25,855,091.88. This trade represents a 9.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,368 shares of company stock worth $7,077,789. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Sierra Ocean LLC purchased a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. REAP Financial Group LLC raised its holdings in shares of Intercontinental Exchange by 116.7% in the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock valued at $25,000 after buying an additional 91 shares during the period. Tsfg LLC lifted its stake in Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock worth $27,000 after acquiring an additional 103 shares in the last quarter. Menard Financial Group LLC purchased a new position in Intercontinental Exchange during the 4th quarter valued at about $29,000. Finally, Rakuten Securities Inc. boosted its holdings in Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 143 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

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.