Intercontinental Exchange (NYSE:ICE) PT Lowered to $150.00 at Barclays

Intercontinental Exchange (NYSE:ICE - Free Report) had its price target decreased by Barclays from $155.00 to $150.00 in a research report report published on Friday, Benzinga reports. Barclays currently has an overweight rating on the financial services provider's stock.

ICE has been the subject of a number of other reports. UBS Group upped their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a buy rating in a report on Monday, February 12th. Raymond James upped their price target on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the company a strong-buy rating in a report on Friday, January 5th. JPMorgan Chase & Co. upped their price target on shares of Intercontinental Exchange from $142.00 to $151.00 and gave the company an overweight rating in a report on Friday, February 9th. StockNews.com raised shares of Intercontinental Exchange from a sell rating to a hold rating in a report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods cut their price objective on Intercontinental Exchange from $156.00 to $155.00 and set an outperform rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $147.92.

Intercontinental Exchange Stock Performance

ICE stock traded up $3.96 during mid-day trading on Friday, reaching $130.50. The company had a trading volume of 3,990,207 shares, compared to its average volume of 2,426,097. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $74.73 billion, a P/E ratio of 31.07, a P/E/G ratio of 2.11 and a beta of 1.02. Intercontinental Exchange has a one year low of $103.81 and a one year high of $140.43. The stock's 50-day simple moving average is $135.17 and its two-hundred day simple moving average is $125.68.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, hitting the consensus estimate of $1.48. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company's quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 earnings per share. Research analysts anticipate that Intercontinental Exchange will post 5.95 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.38%. Intercontinental Exchange's payout ratio is 42.86%.

Insider Activity at Intercontinental Exchange

In related news, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the company's stock in a transaction on Monday, March 4th. The stock was purchased at an average cost of $0.87 per share, for a total transaction of $2,402,947.83. Following the completion of the purchase, the insider now directly owns 7,476,345 shares of the company's stock, valued at approximately $6,504,420.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 341 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $131.74, for a total transaction of $44,923.34. Following the completion of the transaction, the general counsel now directly owns 48,713 shares in the company, valued at $6,417,450.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the company's stock in a transaction on Monday, March 4th. The shares were bought at an average price of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the purchase, the insider now directly owns 7,476,345 shares of the company's stock, valued at $6,504,420.15. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 157,832 shares of company stock worth $21,499,127. 1.10% of the stock is owned by corporate insiders.

Institutional Trading of Intercontinental Exchange

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Catalina Capital Group LLC acquired a new stake in shares of Intercontinental Exchange in the first quarter valued at $222,000. Mediolanum International Funds Ltd bought a new position in Intercontinental Exchange in the first quarter valued at about $48,616,000. Larson Financial Group LLC boosted its holdings in Intercontinental Exchange by 5.2% in the first quarter. Larson Financial Group LLC now owns 4,367 shares of the financial services provider's stock valued at $600,000 after acquiring an additional 216 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. boosted its holdings in Intercontinental Exchange by 4.3% in the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 14,676 shares of the financial services provider's stock valued at $2,017,000 after acquiring an additional 600 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Intercontinental Exchange in the first quarter valued at about $2,177,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

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.