Intercontinental Exchange (NYSE:ICE) CAO Sells $660,975.00 in Stock

Intercontinental Exchange Inc. (NYSE:ICE) CAO James Namkung sold 3,777 shares of the business’s stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $175.00, for a total transaction of $660,975.00. Following the completion of the sale, the chief accounting officer directly owned 10,325 shares of the company’s stock, valued at $1,806,875. This represents a 26.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE traded down $1.73 on Friday, reaching $172.28. 2,684,776 shares of the company’s stock were exchanged, compared to its average volume of 3,772,203. The company has a fifty day moving average of $158.44 and a 200-day moving average of $154.63. Intercontinental Exchange Inc. has a twelve month low of $121.79 and a twelve month high of $177.94. The company has a market capitalization of $96.28 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 1.54 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, October 29th. The financial services provider reported $2.02 EPS for the quarter, topping the consensus estimate of $1.97 by $0.05. Intercontinental Exchange had a net margin of 29.62% and a return on equity of 15.32%. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the firm earned $1.71 earnings per share. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, research analysts predict that Intercontinental Exchange Inc. will post 8.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on ICE. Weiss Ratings upgraded Intercontinental Exchange from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 21st. Wells Fargo & Company increased their target price on Intercontinental Exchange from $160.00 to $167.00 and gave the stock an “underweight” rating in a report on Friday, October 30th. Raymond James Financial decreased their price target on Intercontinental Exchange from $218.00 to $211.00 and set a “strong-buy” rating on the stock in a research report on Monday, October 5th. Keefe, Bruyette & Woods boosted their price target on Intercontinental Exchange from $180.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, October 30th. Finally, TD Cowen boosted their price target on Intercontinental Exchange from $167.00 to $182.00 and gave the company a “hold” rating in a research note on Friday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $189.25.

Institutional Trading of Intercontinental Exchange

Large investors have recently made changes to their positions in the company. Kintegral Advisory LLC increased its stake in shares of Intercontinental Exchange by 0.6% in the 3rd quarter. Kintegral Advisory LLC now owns 11,435 shares of the financial services provider’s stock valued at $1,738,000 after purchasing an additional 64 shares during the last quarter. Gilpin Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 6.3% during the 3rd quarter. Gilpin Wealth Management LLC now owns 1,118 shares of the financial services provider’s stock worth $170,000 after buying an additional 66 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Intercontinental Exchange by 33.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 271 shares of the financial services provider’s stock worth $42,000 after buying an additional 68 shares during the last quarter. Chemistry Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 0.9% during the 3rd quarter. Chemistry Wealth Management LLC now owns 7,773 shares of the financial services provider’s stock worth $1,182,000 after buying an additional 68 shares during the last quarter. Finally, Capstone Financial Advisors Inc. boosted its stake in Intercontinental Exchange by 1.4% in the second quarter. Capstone Financial Advisors Inc. now owns 5,116 shares of the financial services provider’s stock valued at $630,000 after buying an additional 69 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

About Intercontinental Exchange

Intercontinental Exchange, Inc (NYSE: ICE) operates exchanges, clearing houses and technology businesses serving financial and commodity markets. Its platforms support the trading and clearing of futures, options and other products across areas such as energy, agriculture, interest rates and equities. The company also provides market data, analytics and connectivity services to financial institutions and other market participants.

Intercontinental Exchange owns the New York Stock Exchange and operates exchanges and clearing houses in multiple markets around the world.