Intercontinental Exchange (NYSE:ICE) PT Raised to $151.00 at JPMorgan Chase & Co.

Intercontinental Exchange (NYSE:ICE) had its price objective raised by research analysts at JPMorgan Chase & Co. from $147.00 to $151.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 15.71% from the stock’s current price.

ICE has been the topic of several other reports. Bank of America cut their target price on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday, April 19th. Piper Sandler raised their price objective on shares of Intercontinental Exchange from $135.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Citigroup raised their price objective on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Finally, Barclays dropped their price objective on shares of Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $147.92.

Intercontinental Exchange Trading Up 3.1 %

NYSE ICE traded up $3.96 on Friday, hitting $130.50. The company’s stock had a trading volume of 3,991,238 shares, compared to its average volume of 2,404,087. Intercontinental Exchange has a 1-year low of $103.81 and a 1-year high of $140.43. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average is $135.01 and its 200 day moving average is $125.81. The firm has a market cap of $74.73 billion, a PE ratio of 29.93, a PEG ratio of 2.14 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, hitting the consensus estimate of $1.48. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. During the same period in the prior year, the company posted $1.41 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, analysts predict that Intercontinental Exchange will post 5.95 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average price of $0.87 per share, with a total value of $2,402,947.83. Following the acquisition, the insider now directly owns 7,476,345 shares in the company, valued at $6,504,420.15. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total transaction of $8,011,417.48. Following the completion of the transaction, the chief executive officer now owns 1,179,895 shares in the company, valued at $161,893,392.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Intercontinental Exchange, Inc purchased 2,762,009 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the purchase, the insider now directly owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 157,832 shares of company stock valued at $21,499,127. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Intercontinental Exchange

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Annapolis Financial Services LLC lifted its stake in Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 163 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in Intercontinental Exchange in the first quarter worth $26,000. Scarborough Advisors LLC purchased a new stake in Intercontinental Exchange in the fourth quarter worth $25,000. Venturi Wealth Management LLC lifted its stake in Intercontinental Exchange by 82.3% in the first quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 93 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in Intercontinental Exchange in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

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.