Jeffrey C. Sprecher Sells 58,388 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) CEO Jeffrey C. Sprecher sold 58,388 shares of the firm's stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the transaction, the chief executive officer now directly owns 1,179,895 shares of the company's stock, valued at approximately $161,893,392.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Intercontinental Exchange Stock Up 0.9 %

Shares of ICE traded up $1.17 during midday trading on Friday, reaching $137.87. 2,328,197 shares of the company were exchanged, compared to its average volume of 2,406,268. The stock has a 50-day moving average price of $135.43 and a 200-day moving average price of $122.76. The company has a market cap of $78.95 billion, a price-to-earnings ratio of 32.55, a P/E/G ratio of 2.20 and a beta of 1.02. Intercontinental Exchange, Inc. has a 1-year low of $103.81 and a 1-year high of $140.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.80.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The company had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.20 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The firm's quarterly revenue was up 24.5% on a year-over-year basis. Research analysts expect that Intercontinental Exchange, Inc. will post 5.94 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.45 dividend. This is a boost from Intercontinental Exchange's previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.31%. Intercontinental Exchange's payout ratio is 42.86%.

Analyst Ratings Changes

A number of brokerages have recently commented on ICE. Morgan Stanley lifted their price objective on Intercontinental Exchange from $133.00 to $139.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 13th. Rosenblatt Securities lifted their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Citigroup lifted their price objective on Intercontinental Exchange from $155.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday. Raymond James lifted their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the company a "strong-buy" rating in a research report on Friday, January 5th. Finally, StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Wednesday, February 14th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $146.69.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Scarborough Advisors LLC acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth about $25,000. Fortitude Family Office LLC bought a new stake in Intercontinental Exchange in the fourth quarter valued at about $28,000. Stuart Chaussee & Associates Inc. bought a new stake in Intercontinental Exchange in the fourth quarter valued at about $28,000. Altshuler Shaham Ltd bought a new stake in Intercontinental Exchange in the fourth quarter valued at about $29,000. Finally, Sachetta LLC bought a new stake in Intercontinental Exchange in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 89.30% of the company's stock.

About Intercontinental Exchange

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.