Benjamin Jackson Sells 3,865 Shares of Intercontinental Exchange (NYSE:ICE) Stock

Intercontinental Exchange Inc. (NYSE:ICE) President Benjamin Jackson sold 3,865 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.73, for a total transaction of $594,166.45. Following the sale, the president directly owned 165,304 shares in the company, valued at $25,412,183.92. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, February 10th, Benjamin Jackson sold 12,861 shares of Intercontinental Exchange stock. The shares were sold at an average price of $165.00, for a total value of $2,122,065.00.

Intercontinental Exchange Trading Down 0.1%

Intercontinental Exchange stock opened at $154.00 on Friday. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The business’s fifty day moving average is $164.58 and its 200 day moving average is $164.38. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $87.45 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.60 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter last year, the firm posted $1.52 EPS. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s payout ratio is 33.28%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Monday, February 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $180.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Piper Sandler reaffirmed an “overweight” rating and issued a $195.00 target price (down from $202.00) on shares of Intercontinental Exchange in a report on Wednesday, January 14th. JPMorgan Chase & Co. lowered their price target on shares of Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $195.40.

Institutional Trading of Intercontinental Exchange

Several institutional investors have recently added to or reduced their stakes in the company. Cambient Family Office LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $256,000. Compound Planning Inc. lifted its position in shares of Intercontinental Exchange by 5.0% during the fourth quarter. Compound Planning Inc. now owns 5,702 shares of the financial services provider’s stock worth $924,000 after purchasing an additional 272 shares during the last quarter. Claris Financial LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth $216,000. Invesco Ltd. boosted its stake in shares of Intercontinental Exchange by 1.6% during the fourth quarter. Invesco Ltd. now owns 2,991,144 shares of the financial services provider’s stock valued at $484,446,000 after purchasing an additional 45,743 shares during the period. Finally, Rare Wolf Capital LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth about $659,000. Institutional investors own 89.30% of the company’s stock.

Key Stories Impacting Intercontinental Exchange

Here are the key news stories impacting Intercontinental Exchange this week:

• Positive Sentiment: Kraken integration — Kraken has integrated with ICE Chat to expand institutional OTC crypto access, which advances ICE’s push into crypto infrastructure and could boost trading/data volumes over time. Kraken Integrates with ICE Chat
• Positive Sentiment: Fundamentals & analyst support — ICE recently reported an EPS beat and revenue above expectations, continues to pay a quarterly dividend, and retains a mostly positive analyst consensus/price targets, providing fundamental support under the stock. MarketBeat Coverage
• Neutral Sentiment: Pune office lease — ICE’s India arm leased space for a global capability center in Pune (commercial real estate move that supports operations expansion but is not material to near-term earnings). ICE leases Pune GCC space
• Neutral Sentiment: Small institutional flows — Recent filings show many small, new institutional stakes; institutional ownership remains high (~89%), but recent buys/sells cited are immaterial at scale. Institutional activity
• Negative Sentiment: Large CEO selling — CEO Jeffrey C. Sprecher sold significant blocks of shares (reported filings show ~150,000 and ~129,937-share dispositions around Feb 18). Large CEO sales are the most likely proximate cause of today’s negative sentiment. CEO SEC filing
• Negative Sentiment: CTO sale — CTO Mayur Kapani sold 15,213 shares (~$2.36M) on Feb 18, a ~19% reduction in his holding. CTO SEC filing
• Negative Sentiment: Other executive selling — Additional insider sales reported: President Benjamin Jackson (3,865 sh), CFO Warren Gardiner (2,490 sh), and insider Christopher Scott Edmonds (11,303 sh). These clustered sales amplify negative investor perception even though executives retain sizable holdings. President SEC filing CFO SEC filing Insider Edmonds SEC filing

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.