Lynn Martin Sells 13,456 Shares of Intercontinental Exchange (NYSE:ICE) Stock

Intercontinental Exchange Inc. (NYSE:ICE) insider Lynn Martin sold 13,456 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $153.86, for a total value of $2,070,340.16. Following the transaction, the insider owned 54,319 shares in the company, valued at approximately $8,357,521.34. This trade represents a 19.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $160.71 on Thursday. 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 firm has a 50-day moving average of $164.33 and a 200-day moving average of $163.73. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The company has a market cap of $91.26 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.62 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 earnings per share. Equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is currently 33.28%.

Institutional Investors Weigh In On Intercontinental Exchange

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Optivise Advisory Services LLC increased its stake in shares of Intercontinental Exchange by 3.1% in the second quarter. Optivise Advisory Services LLC now owns 1,794 shares of the financial services provider’s stock worth $329,000 after purchasing an additional 54 shares in the last quarter. ICONIQ Capital LLC lifted its stake in shares of Intercontinental Exchange by 2.2% during the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after buying an additional 56 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Intercontinental Exchange by 5.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock worth $221,000 after buying an additional 58 shares during the period. Mechanics Financial Corp boosted its holdings in Intercontinental Exchange by 1.0% in the 4th quarter. Mechanics Financial Corp now owns 6,138 shares of the financial services provider’s stock worth $994,000 after buying an additional 60 shares during the period. Finally, Ledyard National Bank grew its stake in Intercontinental Exchange by 4.3% in the 2nd quarter. Ledyard National Bank now owns 1,512 shares of the financial services provider’s stock valued at $277,000 after buying an additional 62 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the topic of a number of recent analyst reports. UBS Group reiterated a “buy” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings restated a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $195.40.

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.