Intercontinental Exchange, Inc. (ICE) To Go Ex-Dividend on March 17th

Intercontinental Exchange, Inc. (NYSE:ICE) announced a quarterly dividend on Thursday, February 6th, RTT News reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.48 per share by the financial services provider on Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Monday, March 17th. This is a 6.7% increase from Intercontinental Exchange’s previous quarterly dividend of $0.45.

Intercontinental Exchange has increased its dividend payment by an average of 10.9% per year over the last three years. Intercontinental Exchange has a dividend payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Intercontinental Exchange to earn $7.52 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 25.5%.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $171.28 on Friday. The firm has a market capitalization of $98.41 billion, a PE ratio of 35.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The firm has a fifty day simple moving average of $161.47 and a two-hundred day simple moving average of $159.64. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange has a 12 month low of $124.34 and a 12 month high of $175.41.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Analysts forecast that Intercontinental Exchange will post 6.73 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Mayur Kapani sold 5,661 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,313 shares of company stock valued at $11,113,733 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intercontinental Exchange

An institutional investor recently raised its position in Intercontinental Exchange stock. Brighton Jones LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 51.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,448 shares of the financial services provider’s stock after purchasing an additional 1,169 shares during the quarter. Brighton Jones LLC’s holdings in Intercontinental Exchange were worth $514,000 at the end of the most recent quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ICE has been the topic of a number of analyst reports. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Barclays lifted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. 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. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Three investment 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 stock presently has an average rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Company Profile

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.