Deutsche Bank Aktiengesellschaft Issues Positive Forecast for Intercontinental Exchange (NYSE:ICE) Stock Price

Intercontinental Exchange (NYSE:ICE - Free Report) had its target price boosted by Deutsche Bank Aktiengesellschaft from $160.00 to $163.00 in a research note issued to investors on Monday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the financial services provider's stock.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group raised their price objective on Intercontinental Exchange from $171.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods restated an "outperform" rating and set a $168.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. Raymond James downgraded Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price objective for the company. in a research report on Monday, October 14th. Barclays lowered their price objective on Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Finally, Piper Sandler raised their price objective on Intercontinental Exchange from $170.00 to $180.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $174.13.

Intercontinental Exchange Trading Up 0.4 %

Intercontinental Exchange stock traded up $0.66 during trading hours on Monday, hitting $157.08. The stock had a trading volume of 2,974,493 shares, compared to its average volume of 2,573,664. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a market cap of $90.19 billion, a price-to-earnings ratio of 37.32, a P/E/G ratio of 2.61 and a beta of 1.08. Intercontinental Exchange has a one year low of $108.62 and a one year high of $167.99. The business's 50 day simple moving average is $161.52 and its 200-day simple moving average is $149.31.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business's quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the company earned $1.46 earnings per share. On average, equities analysts predict that Intercontinental Exchange will post 6.07 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. Intercontinental Exchange's dividend payout ratio is 42.65%.

Insider Activity

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now owns 44,865 shares in the company, valued at $7,159,108.05. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Martha A. Tirinnanzi sold 509 shares of the company's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the sale, the director now owns 3,958 shares of the company's stock, valued at $629,242.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock worth $1,202,259 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intercontinental Exchange

A number of institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC increased its position in shares of Intercontinental Exchange by 45.7% during the 3rd quarter. Intech Investment Management LLC now owns 22,617 shares of the financial services provider's stock valued at $3,633,000 after purchasing an additional 7,090 shares during the last quarter. King Luther Capital Management Corp grew its position in Intercontinental Exchange by 135.2% during the 3rd quarter. King Luther Capital Management Corp now owns 122,538 shares of the financial services provider's stock worth $19,685,000 after acquiring an additional 70,436 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in Intercontinental Exchange by 53.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 11,491 shares of the financial services provider's stock worth $1,846,000 after acquiring an additional 3,982 shares during the last quarter. Moors & Cabot Inc. grew its position in Intercontinental Exchange by 14.6% during the 3rd quarter. Moors & Cabot Inc. now owns 12,893 shares of the financial services provider's stock worth $2,071,000 after acquiring an additional 1,638 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Intercontinental Exchange by 6.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,406 shares of the financial services provider's stock worth $708,000 after acquiring an additional 254 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

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.