Douglas Foley Sells 10,580 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) SVP Douglas Foley sold 10,580 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. The trade was a 32.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock opened at $166.96 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.00 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $169.75. The firm’s 50-day simple moving average is $153.53 and its 200-day simple moving average is $157.19. The firm has a market cap of $95.93 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.63 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 Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ICE. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. JPMorgan Chase & Co. cut 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. Morgan Stanley upped their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average target price of $178.80.

Institutional Trading of Intercontinental Exchange

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quintet Private Bank Europe S.A. grew its position in shares of Intercontinental Exchange by 13.8% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider’s stock valued at $82,000 after buying an additional 62 shares during the last quarter. Raleigh Capital Management Inc. raised its position in shares of Intercontinental Exchange by 26.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 63 shares during the period. Integrated Advisors Network LLC lifted its holdings in shares of Intercontinental Exchange by 4.0% in the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 66 shares during the last quarter. Strategic Advisors LLC boosted its position in Intercontinental Exchange by 5.1% during the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock valued at $201,000 after purchasing an additional 66 shares during the period. Finally, Commons Capital LLC grew its stake in Intercontinental Exchange by 1.2% during the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock worth $886,000 after buying an additional 69 shares during the last quarter. 89.30% of the stock is 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.