Barclays Issues Positive Forecast for Intercontinental Exchange (NYSE:ICE) Stock Price

Intercontinental Exchange (NYSE:ICE) had its price objective boosted by Barclays from $179.00 to $189.00 in a report released on Friday,Benzinga reports. The firm currently has an overweight rating on the financial services provider’s stock.

Other analysts have also issued reports about the company. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target for the company. in a research report on Monday, October 14th. Keefe, Bruyette & Woods raised their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, UBS Group raised their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Stock Down 0.4 %

NYSE:ICE opened at $166.95 on Friday. The stock has a market cap of $95.86 billion, a price-to-earnings ratio of 39.56, a PEG ratio of 3.06 and a beta of 1.11. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $153.23 and a two-hundred day moving average price of $156.81. Intercontinental Exchange has a 1 year low of $124.34 and a 1 year high of $169.75.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. As a group, equities analysts expect that Intercontinental Exchange will post 6.05 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is presently 40.17%.

Insider Transactions at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of the 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 transaction, the chief operating officer now owns 12,780 shares in the company, 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. In the last 90 days, insiders sold 13,795 shares of company stock worth $2,120,572. 1.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Intercontinental Exchange

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Wolff Wiese Magana LLC raised its holdings in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange in the third quarter valued at about $26,000. Financial Management Professionals Inc. lifted its position in Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 87 shares during the period. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange during the fourth quarter worth about $25,000. Finally, Capital Performance Advisors LLP bought a new position in Intercontinental Exchange in the 3rd quarter valued at about $29,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

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.