Intercontinental Exchange, Inc. (NYSE:ICE) President Sells $1,314,244.00 in Stock

Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) President Benjamin Jackson sold 7,900 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $166.36, for a total transaction of $1,314,244.00. Following the transaction, the president now owns 160,059 shares in the company, valued at approximately $26,627,415.24. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Benjamin Jackson also recently made the following trade(s):

• On Thursday, February 20th, Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48.
• On Thursday, February 6th, Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock. The stock was sold at an average price of $165.71, for a total transaction of $965,757.88.
• On Monday, November 25th, Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock traded up $1.25 during mid-day trading on Friday, reaching $168.04. The company had a trading volume of 2,853,143 shares, compared to its average volume of 2,404,252. The company has a 50 day moving average of $155.42 and a 200-day moving average of $158.13. The firm has a market cap of $96.55 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $169.78. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's payout ratio is 37.66%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Keefe, Bruyette & Woods upped their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Barclays upped their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, UBS Group upped their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $178.80.

Hedge Funds Weigh In On Intercontinental Exchange

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $26,000. Financial Management Professionals Inc. increased its position in shares of Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after purchasing an additional 87 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $29,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $31,000. 89.30% of the stock is 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.