Citigroup investment analysts have started covering the shares of Intercontinental Exchange (NYSE:ICE – Get a Rating) in a note released Tuesday to investors, reports The Fly. The company has set a “neutral” rating on the shares of the financial services provider.
A number of other stock analysts have also recently commented on the stock. Atlantic Securities raised its target price on Intercontinental Exchange shares from $120.00 to $125.00 and gave the stock an “overweight” rating in a Friday, Aug. 19 research note. UBS Group lowered its price target on Intercontinental Exchange shares from $128.00 to $116.00 and set a “buy” rating on the stock in a Thursday, October 6 research note. Deutsche Bank Aktiengesellschaft raised its price target on Intercontinental Exchange shares from $124.00 to $131.00 and gave the company a “buy” rating in a Friday, Aug. 12 research note. Rosenblatt Securities began covering Intercontinental Exchange stocks in a research note on Tuesday, August 16. They have set a “buy” rating and a price target of $164.00 on the stock. Finally, Raymond James dropped his price target on Intercontinental Exchange shares from $129.00 to $123.00 and set a ‘strong buy’ rating on the stock in a Thursday research note. October 6. One analyst gave the stock a sell rating, four gave the stock a hold rating, six gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.67.
Intercontinental Stock Exchange up 0.6%
ICE stock traded at $0.54 at midday on Tuesday, hitting $90.80. The company had a trading volume of 172,243 shares, compared to its average volume of 2,945,819. The company has a leverage ratio of 0.79, a current ratio of 1.04 and a quick ratio of 1. ,04. The company has a market capitalization of $50.71 billion, a PE ratio of 15.21, a growth price-earnings ratio of 1.78 and a beta of 0.90. The company has a 50-day moving average of $100.67 and a 200-day moving average of $104.10. Intercontinental Exchange has a 12-month low of $89.21 and a 12-month high of $139.79.
Intercontinental Exchange (NYSE:ICE – Get Rating) last released its results on Thursday, August 4. The financial services provider reported EPS of $1.32 for the quarter, beating analyst consensus estimates of $1.28 by $0.04. The company posted revenue of $1.81 billion for the quarter, versus a consensus estimate of $1.80 billion. Intercontinental Exchange posted a net margin of 35.58% and a return on equity of 13.52%. The company’s revenue for the quarter increased by 6.3% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.16. On average, stock analysts predict that Intercontinental Exchange will post 5.34 earnings per share for the current fiscal year.
Insider Activity at Intercontinental Exchange
In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 87,377 shares of the company in a trade on Wednesday, September 21. The shares were sold at an average price of $94.95, for a total value of $8,296,446.15. Following completion of the transaction, the CEO now owns 1,255,207 shares of the company, valued at $119,181,904.65. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company in a trade on Tuesday, August 23. The shares were sold at an average price of $107.73, for a total value of $172,368.00. Following the completion of the transaction, the senior vice president now owns 22,402 shares of the company, valued at $2,413,367.46. The transaction was disclosed in a filing with the SEC, which is available at this link. Additionally, CEO Jeffrey C. Sprecher sold 87,377 shares of the company in a trade on Wednesday, September 21. The stock was sold at an average price of $94.95, for a total transaction of $8,296,446.15. Following completion of the transaction, the CEO now directly owns 1,255,207 shares of the company, valued at approximately $119,181,904.65. The disclosure of this sale can be found here. Insiders sold 91,477 shares of the company valued at $8,736,314 in the past 90 days. Insiders own 1.30% of the shares of the company.
Institutional entries and exits
Institutional investors have recently changed their positions in the company. Rather & Kittrell Inc. bought a new position in Intercontinental Exchange stock during the fourth quarter worth $27,000. Atticus Wealth Management LLC increased its position in the Intercontinental Exchange by 111.8% during the second quarter. Atticus Wealth Management LLC now owns 288 shares of the financial services provider valued at $27,000 after purchasing an additional 152 shares during the period. IMA Wealth Inc. acquired a new stake in Intercontinental Exchange during the second quarter for a value of $28,000. Whittier Trust Co. of Nevada Inc. increased its position in the Intercontinental Exchange by 48.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 319 shares of the financial services provider valued at $30,000 after buying 104 additional shares during the period. Finally, Adirondack Trust Co. increased its position in the Intercontinental Exchange by 1,000.0% during the first quarter. Adirondack Trust Co. now owns 275 shares of the financial services provider valued at $36,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 87.00% of the company’s shares.
Intercontinental Exchange Company Profile
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Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses and listing venues for the commodities, financials, fixed income and equity markets in the United States, United Kingdom, European Union, Singapore, Israel and Canada. . It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.
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