Intercontinental Exchange, Inc. (NYSE:ICE) Receives $153.20 Average PT from Brokerages

Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) has earned a consensus rating of “Buy” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $146.55.

Several research firms have recently weighed in on ICE. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $155.00 to $161.00 and gave the stock a “buy” rating in a research report on Thursday, April 7th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Rosenblatt Securities dropped their target price on shares of Intercontinental Exchange from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. UBS Group dropped their target price on shares of Intercontinental Exchange from $164.00 to $149.00 in a research report on Friday, February 4th. Finally, Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $145.00 to $147.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 13th.

In other news, COO Mark Wassersug sold 11,000 shares of the company’s stock in a transaction that occurred on Monday, April 11th. The shares were sold at an average price of $128.53, for a total value of $1,413,830.00. Following the completion of the sale, the chief operating officer now directly owns 27,229 shares of the company’s stock, valued at approximately $3,499,743.37. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David S. Goone sold 36,570 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The stock was sold at an average price of $135.02, for a total transaction of $4,937,681.40. The disclosure for this sale can be found here. Insiders have sold a total of 76,075 shares of company stock valued at $9,882,941 over the last three months. 1.30% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Intrust Bank NA lifted its stake in Intercontinental Exchange by 0.8% during the fourth 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 lifted its stake in Intercontinental Exchange by 1.5% during the fourth quarter. Checchi Capital Advisers LLC now owns 5,385 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 80 shares during the last quarter. Indiana Trust & Investment Management CO raised its holdings in shares of Intercontinental Exchange by 3.1% during the fourth quarter. Indiana Trust & Investment Management CO now owns 2,761 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 82 shares during the period. Argent Trust Co raised its holdings in shares of Intercontinental Exchange by 0.6% during the fourth quarter. Argent Trust Co now owns 13,334 shares of the financial services provider’s stock valued at $1,823,000 after acquiring an additional 83 shares during the period. Finally, Farmers & Merchants Investments Inc. raised its holdings in shares of Intercontinental Exchange by 23.1% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 453 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 85 shares during the period. 87.36% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange stock traded up $2.77 during midday trading on Friday, hitting $98.27. 3,984,493 shares of the stock were exchanged, compared to its average volume of 4,271,648. Intercontinental Exchange has a 1 year low of $93.52 and a 1 year high of $139.79. The firm has a market cap of $54.86 billion, a P/E ratio of 13.65, a P/E/G ratio of 1.85 and a beta of 0.88. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.01 and a quick ratio of 1.01. The company has a 50 day moving average price of $122.77 and a two-hundred day moving average price of $128.29.

Intercontinental Exchange (NYSE:ICEGet Rating) last released its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.01. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.90 billion. Intercontinental Exchange had a net margin of 44.24% and a return on equity of 13.41%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 EPS. As a group, analysts predict that Intercontinental Exchange will post 5.52 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Tuesday, June 14th. Intercontinental Exchange’s payout ratio is 21.11%.

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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Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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