Intercontinental Exchange (NYSE:ICE) PT Raised to $171.00 at JPMorgan Chase & Co.

Intercontinental Exchange (NYSE:ICE) had its price target increased by JPMorgan Chase & Co. from $151.00 to $171.00 in a report released on Monday, Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

ICE has been the topic of several other reports. Citigroup upped their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a buy rating in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Intercontinental Exchange from $152.00 to $154.00 and gave the company a hold rating in a research note on Thursday, August 15th. Barclays boosted their target price on Intercontinental Exchange from $159.00 to $167.00 and gave the stock an overweight rating in a research report on Friday, August 2nd. StockNews.com downgraded Intercontinental Exchange from a hold rating to a sell rating in a research note on Friday, September 6th. Finally, The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a neutral rating to a buy rating and boosted their price objective for the stock from $143.00 to $167.00 in a research report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $158.08.

Intercontinental Exchange Stock Down 1.5 %

Shares of NYSE:ICE opened at $158.87 on Monday. Intercontinental Exchange has a fifty-two week low of $104.49 and a fifty-two week high of $163.71. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The firm’s 50-day simple moving average is $155.59 and its 200-day simple moving average is $142.60. The company has a market cap of $91.13 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.81 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the prior year, the business posted $1.43 EPS. The company’s revenue for the quarter was up 22.7% on a year-over-year basis. As a group, equities research analysts predict that Intercontinental Exchange will post 6.04 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Warren Gardiner sold 750 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the sale, the chief financial officer now directly owns 16,576 shares in the company, valued at approximately $2,675,863.68. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total value of $259,380.68. Following the completion of the sale, the general counsel now owns 46,815 shares in the company, valued at $6,397,737.90. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $161.43, for a total transaction of $121,072.50. Following the transaction, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,096 shares of company stock valued at $9,593,983. Insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Intercontinental Exchange

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP increased its stake in Intercontinental Exchange by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after purchasing an additional 4,251,371 shares during the last quarter. D.A. Davidson & CO. boosted its position in Intercontinental Exchange by 8.5% during the 4th quarter. D.A. Davidson & CO. now owns 25,328 shares of the financial services provider’s stock valued at $3,253,000 after purchasing an additional 1,991 shares during the period. Point72 Europe London LLP boosted its holdings in shares of Intercontinental Exchange by 10.9% during the fourth quarter. Point72 Europe London LLP now owns 66,300 shares of the financial services provider’s stock valued at $8,515,000 after acquiring an additional 6,500 shares during the period. Perpetual Ltd grew its position in shares of Intercontinental Exchange by 0.4% during the first quarter. Perpetual Ltd now owns 1,487,993 shares of the financial services provider’s stock worth $204,495,000 after acquiring an additional 6,272 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Intercontinental Exchange by 819.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock worth $18,764,000 after acquiring an additional 122,169 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

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.