Analysts Set Intercontinental Exchange, Inc. (NYSE:ICE) Target Price at $155.00

Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) has been assigned an average recommendation of “Buy” from the twelve analysts that are currently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $153.20.

A number of research analysts have issued reports on the company. Morgan Stanley boosted their price target on Intercontinental Exchange from $145.00 to $147.00 and gave the company an “equal weight” rating in a report on Wednesday. StockNews.com assumed coverage on Intercontinental Exchange in a report on Thursday, March 31st. They issued a “hold” rating for the company. Bank of America assumed coverage on Intercontinental Exchange in a report on Thursday, December 16th. They issued a “neutral” rating and a $158.00 price target for the company. Citigroup decreased their price target on Intercontinental Exchange from $160.00 to $152.00 in a report on Wednesday. Finally, Credit Suisse Group assumed coverage on Intercontinental Exchange in a report on Tuesday, February 15th. They issued an “outperform” rating and a $160.00 price target for the company.

Shares of NYSE ICE opened at $124.53 on Tuesday. The business’s 50 day moving average price is $129.46 and its 200 day moving average price is $130.39. The firm has a market cap of $69.79 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.40 and a beta of 0.84. Intercontinental Exchange has a 52 week low of $109.04 and a 52 week high of $139.79. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.54.

Intercontinental Exchange (NYSE:ICE – Get Rating) last issued its earnings results on Thursday, February 3rd. The financial services provider reported $1.34 EPS for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.02. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.82 billion. Intercontinental Exchange had a return on equity of 13.62% and a net margin of 44.26%. Intercontinental Exchange’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.13 earnings per share. As a group, research analysts expect that Intercontinental Exchange will post 5.65 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.22%. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, March 16th. Intercontinental Exchange’s dividend payout ratio is presently 21.17%.

In related news, CFO Warren Gardiner sold 2,034 shares of the stock in a transaction on Thursday, February 24th. The stock was sold at an average price of $120.95, for a total value of $246,012.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lynn C. Martin sold 5,471 shares of the stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $120.95, for a total value of $661,717.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,224 shares of company stock valued at $11,688,307. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Intrust Bank NA raised its stake in Intercontinental Exchange by 0.8% in the 4th quarter. Intrust Bank NA now owns 10,257 shares of the financial services provider’s stock valued at $1,403,000 after purchasing an additional 79 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of Intercontinental Exchange by 1.5% during the 4th quarter. Checchi Capital Advisers LLC now owns 5,385 shares of the financial services provider’s stock worth $737,000 after purchasing an additional 80 shares during the period. Indiana Trust & Investment Management CO grew its holdings in shares of Intercontinental Exchange by 3.1% during the 4th quarter. Indiana Trust & Investment Management CO now owns 2,761 shares of the financial services provider’s stock worth $378,000 after purchasing an additional 82 shares during the period. CNB Bank grew its holdings in shares of Intercontinental Exchange by 1.4% during the 3rd quarter. CNB Bank now owns 6,117 shares of the financial services provider’s stock worth $703,000 after purchasing an additional 83 shares during the period. Finally, Argent Trust Co grew its holdings in shares of Intercontinental Exchange by 0.6% during the 4th quarter. Argent Trust Co now owns 13,334 shares of the financial services provider’s stock worth $1,823,000 after purchasing an additional 83 shares during the period. 87.56% of the stock is owned by hedge funds and other institutional investors.

About Intercontinental Exchange (Get Rating)

Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

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