Insider Selling: Intercontinental Exchange Inc (ICE) President Sells $117,112.95 in Stock

Intercontinental Exchange Inc (NYSE:ICE) President Benjamin Jackson sold 1,455 shares of the business’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $80.49, for a total transaction of $117,112.95. Following the sale, the president now directly owns 76,749 shares in the company, valued at approximately $6,177,527.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Benjamin Jackson also recently made the following trade(s):

  • On Wednesday, March 6th, Benjamin Jackson sold 4,854 shares of Intercontinental Exchange stock. The stock was sold at an average price of $74.94, for a total transaction of $363,758.76.

Shares of Intercontinental Exchange stock opened at $81.36 on Monday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40. Intercontinental Exchange Inc has a twelve month low of $69.33 and a twelve month high of $82.65. The firm has a market capitalization of $45.56 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 2.63 and a beta of 0.50.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Intercontinental Exchange’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that Intercontinental Exchange Inc will post 3.73 earnings per share for the current fiscal year.

A number of analysts have weighed in on the stock. Bank of America set a $85.00 target price on shares of Intercontinental Exchange and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Citigroup raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 target price on the stock in a research note on Tuesday, January 22nd. ValuEngine cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Wells Fargo & Co boosted their target price on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the stock a “market perform” rating in a research note on Thursday, April 4th. Finally, Zacks Investment Research cut shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $85.55.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in Intercontinental Exchange by 0.8% during the fourth quarter. BlackRock Inc. now owns 33,815,473 shares of the financial services provider’s stock valued at $2,547,321,000 after acquiring an additional 267,793 shares during the last quarter. Janus Henderson Group PLC boosted its position in Intercontinental Exchange by 2.9% during the first quarter. Janus Henderson Group PLC now owns 11,776,528 shares of the financial services provider’s stock valued at $896,651,000 after acquiring an additional 333,709 shares during the last quarter. Northern Trust Corp boosted its position in Intercontinental Exchange by 1.3% during the fourth quarter. Northern Trust Corp now owns 10,715,964 shares of the financial services provider’s stock valued at $807,233,000 after acquiring an additional 137,414 shares during the last quarter. Amundi Pioneer Asset Management Inc. boosted its position in Intercontinental Exchange by 7.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 8,538,972 shares of the financial services provider’s stock valued at $643,240,000 after acquiring an additional 579,012 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Intercontinental Exchange by 7.2% during the fourth quarter. Geode Capital Management LLC now owns 6,607,483 shares of the financial services provider’s stock valued at $496,763,000 after acquiring an additional 440,954 shares during the last quarter. 90.77% of the stock is currently owned by institutional investors.

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About Intercontinental Exchange

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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

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