Benjamin Jackson Sells 7,900 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson sold 7,900 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the transaction, the president now directly owns 147,274 shares of the company’s stock, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, February 20th, Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48.
• On Tuesday, February 18th, Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock. The shares were sold at an average price of $166.36, for a total transaction of $1,314,244.00.
• On Thursday, February 6th, Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $173.21 on Friday. The firm has a market capitalization of $99.52 billion, a P/E ratio of 36.24, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The company’s 50-day moving average is $157.41 and its 200 day moving average is $158.79. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $173.54. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results 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%. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ICE shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. Barclays increased their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, UBS Group increased their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Hedge Funds Weigh In On Intercontinental Exchange

A number of institutional investors have recently modified their holdings of the stock. Park Square Financial Group LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $102,000. Menard Financial Group LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $29,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $88,048,000. REAP Financial Group LLC increased its holdings in Intercontinental Exchange by 116.7% during the fourth quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider’s stock valued at $25,000 after buying an additional 91 shares during the period. Finally, Jefferies Financial Group Inc. increased its holdings in Intercontinental Exchange by 5.5% during the fourth quarter. Jefferies Financial Group Inc. now owns 2,459 shares of the financial services provider’s stock valued at $366,000 after buying an additional 128 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

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.