Benjamin Jackson Sells 17,104 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the transaction, the president now directly owns 155,174 shares in the company, valued at $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, February 18th, Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock. The stock was sold at an average price of $166.36, for a total transaction of $1,314,244.00.
• On Thursday, February 6th, Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock. The stock was sold at an average price of $165.71, for a total transaction of $965,757.88.
• On Monday, November 25th, Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00.

Intercontinental Exchange Trading Up 0.7 %

Shares of ICE opened at $168.04 on Friday. The business’s 50-day moving average price is $155.42 and its 200-day moving average price is $158.13. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.78. The stock has a market cap of $96.55 billion, a PE ratio of 35.15, a P/E/G ratio of 2.11 and a beta of 1.11. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 40.17%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp grew its holdings in shares of Intercontinental Exchange by 11.3% during the fourth quarter. Mackenzie Financial Corp now owns 433,573 shares of the financial services provider’s stock worth $64,607,000 after purchasing an additional 44,093 shares in the last quarter. Forum Financial Management LP grew its holdings in shares of Intercontinental Exchange by 9.4% during the fourth quarter. Forum Financial Management LP now owns 5,068 shares of the financial services provider’s stock worth $755,000 after purchasing an additional 436 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth about $1,910,000. Vise Technologies Inc. grew its holdings in shares of Intercontinental Exchange by 71.8% during the fourth quarter. Vise Technologies Inc. now owns 7,389 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 3,087 shares in the last quarter. Finally, City National Bank of Florida MSD purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth about $207,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, UBS Group boosted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $178.80.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.