Rep. Robert Bresnahan, Jr. Sells Intercontinental Exchange, Inc. (NYSE:ICE) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Intercontinental Exchange, Inc. NYSE: ICE. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Intercontinental Exchange stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded up $0.44 during midday trading on Wednesday, reaching $166.94. The company had a trading volume of 2,505,450 shares, compared to its average volume of 2,982,455. The stock has a market cap of $95.92 billion, a P/E ratio of 34.93, a P/E/G ratio of 2.11 and a beta of 1.11. The company's 50 day moving average price is $154.79 and its 200 day moving average price is $157.87. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $169.78.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is presently 37.66%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ICE shares. Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. UBS Group upped their target price 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. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $178.80.

Insider Activity

In related news, COO Stuart Glen Williams sold 750 shares of the company's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,358 shares of company stock valued at $5,535,650 in the last quarter. 1.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ICE. Vise Technologies Inc. boosted its holdings in shares of Intercontinental Exchange by 71.8% during the 4th quarter. Vise Technologies Inc. now owns 7,389 shares of the financial services provider's stock valued at $1,101,000 after buying an additional 3,087 shares in the last quarter. City National Bank of Florida MSD bought a new stake in Intercontinental Exchange in the 4th quarter worth about $207,000. Inspire Trust Co. N.A. grew its stake in shares of Intercontinental Exchange by 25.0% in the fourth quarter. Inspire Trust Co. N.A. now owns 15,000 shares of the financial services provider's stock worth $2,235,000 after acquiring an additional 3,000 shares during the period. Mosaic Family Wealth Partners LLC boosted its holdings in Intercontinental Exchange by 10.8% in the fourth quarter. Mosaic Family Wealth Partners LLC now owns 1,379 shares of the financial services provider's stock worth $206,000 after purchasing an additional 134 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Intercontinental Exchange by 14.9% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 109,939 shares of the financial services provider's stock worth $16,382,000 after buying an additional 14,236 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.