Intercontinental Exchange Inc. (NYSE:ICE) CEO Jeffrey C. Sprecher sold 80,420 shares of Intercontinental Exchange stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $65.24, for a total value of $5,246,600.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Intercontinental Exchange Inc. (NYSE:ICE) opened at 65.41 on Friday. The company has a 50-day moving average price of $65.69 and a 200 day moving average price of $61.98. Intercontinental Exchange Inc. has a 12-month low of $52.27 and a 12-month high of $67.48. The firm has a market capitalization of $7.53 billion, a PE ratio of 24.23 and a beta of 0.71.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.75 EPS for the quarter, hitting analysts’ consensus estimates of $0.75. Intercontinental Exchange had a net margin of 27.56% and a return on equity of 10.80%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts expect that Intercontinental Exchange Inc. will post $2.95 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in ICE. Vanguard Group Inc. raised its stake in Intercontinental Exchange by 2.1% in the second quarter. Vanguard Group Inc. now owns 40,162,938 shares of the financial services provider’s stock worth $2,647,541,000 after buying an additional 844,270 shares in the last quarter. BlackRock Inc. raised its stake in Intercontinental Exchange by 1.1% in the second quarter. BlackRock Inc. now owns 35,446,221 shares of the financial services provider’s stock worth $2,336,613,000 after buying an additional 396,042 shares in the last quarter. Wellington Management Group LLP raised its stake in Intercontinental Exchange by 2.8% in the first quarter. Wellington Management Group LLP now owns 26,817,902 shares of the financial services provider’s stock worth $1,605,588,000 after buying an additional 721,080 shares in the last quarter. State Street Corp raised its stake in Intercontinental Exchange by 1.9% in the first quarter. State Street Corp now owns 25,648,056 shares of the financial services provider’s stock worth $1,535,555,000 after buying an additional 481,909 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Intercontinental Exchange by 19.9% in the second quarter. Northern Trust Corp now owns 11,355,251 shares of the financial services provider’s stock worth $748,538,000 after buying an additional 1,883,432 shares in the last quarter. Institutional investors and hedge funds own 89.38% of the company’s stock.

A number of research firms have weighed in on ICE. Zacks Investment Research upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research note on Thursday, July 13th. Royal Bank Of Canada upgraded Intercontinental Exchange from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $65.00 to $70.00 in a research note on Thursday, July 13th. Jefferies Group LLC reiterated a “buy” rating and set a $73.00 price objective (up previously from $70.00) on shares of Intercontinental Exchange in a research note on Monday, July 17th. BidaskClub lowered Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. assumed coverage on Intercontinental Exchange in a research note on Wednesday, July 12th. They issued a “neutral” rating and a $67.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $68.36.

About Intercontinental Exchange

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.

Insider Buying and Selling by Quarter for Intercontinental Exchange (NYSE:ICE)

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