Brokerages Set Intercontinental Exchange, Inc. (NYSE:ICE) Price Target at $175.07

Shares of Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) have earned an average rating of "Moderate Buy" from the fifteen analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $175.07.

Several research firms have issued reports on ICE. Bank of America lifted their price objective on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a report on Thursday, October 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Friday, November 1st. Barclays boosted their price target on Intercontinental Exchange from $173.00 to $187.00 and gave the company an "overweight" rating in a report on Monday. Morgan Stanley boosted their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a report on Thursday, October 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now directly owns 156,163 shares of the company's stock, valued at $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now directly owns 44,702 shares in the company, valued at $6,977,088.16. This trade represents a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,901 shares of company stock valued at $1,582,542. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Diversified Trust Co purchased a new position in Intercontinental Exchange in the second quarter valued at about $214,000. Wealth Enhancement Advisory Services LLC grew its stake in Intercontinental Exchange by 6.0% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 23,287 shares of the financial services provider's stock valued at $3,188,000 after purchasing an additional 1,310 shares in the last quarter. ORG Partners LLC grew its stake in Intercontinental Exchange by 1,652.9% in the second quarter. ORG Partners LLC now owns 596 shares of the financial services provider's stock valued at $82,000 after purchasing an additional 562 shares in the last quarter. Swedbank AB grew its stake in Intercontinental Exchange by 5.4% in the second quarter. Swedbank AB now owns 84,942 shares of the financial services provider's stock valued at $11,628,000 after purchasing an additional 4,359 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Intercontinental Exchange by 819.7% in the second quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider's stock valued at $18,764,000 after purchasing an additional 122,169 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Down 1.0 %

Shares of NYSE:ICE traded down $1.63 during mid-day trading on Thursday, hitting $156.55. 1,919,733 shares of the company traded hands, compared to its average volume of 2,602,109. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange has a 52-week low of $117.49 and a 52-week high of $167.99. The firm's 50 day simple moving average is $160.18 and its 200 day simple moving average is $153.08. The firm has a market cap of $89.89 billion, a P/E ratio of 37.49, a PEG ratio of 2.58 and a beta of 1.08.

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

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.