David S. Goone Sells 44,755 Shares of Intercontinental Exchange Inc (ICE) Stock
Intercontinental Exchange Inc (NYSE:ICE) insider David S. Goone sold 44,755 shares of Intercontinental Exchange stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $61.00, for a total transaction of $2,730,055.00. Following the completion of the transaction, the insider now directly owns 200,657 shares in the company, valued at $12,240,077. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Intercontinental Exchange Inc (NYSE:ICE) opened at 61.00 on Tuesday. Intercontinental Exchange Inc has a 12 month low of $45.88 and a 12 month high of $61.98. The stock has a market capitalization of $7.02 billion, a P/E ratio of 25.74 and a beta of 0.96. The firm’s 50-day moving average is $58.81 and its 200-day moving average is $56.55.
Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Tuesday, February 7th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm earned $1.10 billion during the quarter, compared to the consensus estimate of $1.14 billion. Intercontinental Exchange had a return on equity of 10.79% and a net margin of 23.87%. The company’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.27 EPS. On average, equities analysts expect that Intercontinental Exchange Inc will post $3.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.31%. Intercontinental Exchange’s dividend payout ratio is currently 28.64%.
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Several research analysts recently commented on ICE shares. Jefferies Group LLC lifted their target price on shares of Intercontinental Exchange from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Tuesday, December 20th. Zacks Investment Research downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, March 8th. Finally, Evercore ISI reaffirmed a “buy” rating and issued a $63.00 target price on shares of Intercontinental Exchange in a research note on Saturday, December 17th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $60.62.
Several hedge funds and other institutional investors have recently bought and sold shares of ICE. Quadrant Capital Group LLC increased its position in Intercontinental Exchange by 0.5% in the third quarter. Quadrant Capital Group LLC now owns 664 shares of the company’s stock worth $174,000 after buying an additional 3 shares in the last quarter. Raymond James Trust N.A. increased its position in Intercontinental Exchange by 0.3% in the third quarter. Raymond James Trust N.A. now owns 1,885 shares of the company’s stock worth $508,000 after buying an additional 6 shares in the last quarter. Argent Trust Co increased its position in Intercontinental Exchange by 0.6% in the third quarter. Argent Trust Co now owns 991 shares of the company’s stock worth $267,000 after buying an additional 6 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in Intercontinental Exchange by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,760 shares of the company’s stock worth $1,013,000 after buying an additional 10 shares in the last quarter. Finally, Fulton Bank N.A. increased its position in Intercontinental Exchange by 1.4% in the third quarter. Fulton Bank N.A. now owns 1,265 shares of the company’s stock worth $340,000 after buying an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 28.85% of the company’s stock.
Intercontinental Exchange Company Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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