IntercontinentalExchange Group Inc. (NYSE:ICE) CEO Jeffrey C. Sprecher sold 25,275 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $270.49, for a total value of $6,836,634.75. Following the completion of the transaction, the chief executive officer now owns 313,445 shares of the company’s stock, valued at approximately $84,783,738.05. The sale was disclosed in a document filed with the SEC, which is available through this link.
Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) opened at 269.36 on Friday. The stock has a 50 day moving average of $279.47 and a 200-day moving average of $260.26. The firm has a market capitalization of $30.99 billion, a P/E ratio of 22.22 and a beta of 0.84. IntercontinentalExchange Group Inc. has a 52-week low of $227.22 and a 52-week high of $287.02.
IntercontinentalExchange Group (NYSE:ICE) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.38 by $0.05. IntercontinentalExchange Group had a net margin of 25.83% and a return on equity of 10.72%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted $2.90 earnings per share. IntercontinentalExchange Group’s quarterly revenue was up 41.7% on a year-over-year basis. Equities analysts expect that IntercontinentalExchange Group Inc. will post $13.83 earnings per share for the current fiscal year.
ICE has been the subject of a number of research analyst reports. Zacks Investment Research upgraded IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a report on Friday, June 24th. Deutsche Bank AG lifted their price target on IntercontinentalExchange Group from $295.00 to $304.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Barclays PLC reiterated an “overweight” rating and set a $307.00 price target (up previously from $295.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 11th. Keefe, Bruyette & Woods lifted their price target on IntercontinentalExchange Group from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Finally, RBC Capital Markets reiterated a “sector perform” rating and set a $282.00 price target (up previously from $255.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $296.18.
Large investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its stake in IntercontinentalExchange Group by 0.5% in the second quarter. Quadrant Capital Group LLC now owns 661 shares of the company’s stock valued at $165,000 after buying an additional 3 shares during the last quarter. Advisor Partners LLC boosted its position in shares of IntercontinentalExchange Group by 0.3% in the second quarter. Advisor Partners LLC now owns 2,159 shares of the company’s stock valued at $553,000 after buying an additional 6 shares during the period. Progressive Investment Management Corp boosted its position in shares of IntercontinentalExchange Group by 0.4% in the second quarter. Progressive Investment Management Corp now owns 2,153 shares of the company’s stock valued at $551,000 after buying an additional 8 shares during the period. Emerald Advisers Inc. PA boosted its position in shares of IntercontinentalExchange Group by 0.4% in the second quarter. Emerald Advisers Inc. PA now owns 3,517 shares of the company’s stock valued at $900,000 after buying an additional 13 shares during the period. Finally, SSI Investment Management Inc. boosted its position in shares of IntercontinentalExchange Group by 1.1% in the second quarter. SSI Investment Management Inc. now owns 1,150 shares of the company’s stock valued at $295,000 after buying an additional 13 shares during the period. 90.04% of the stock is currently owned by institutional investors and hedge funds.
About IntercontinentalExchange Group
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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