Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) – Stock analysts at Jefferies Financial Group issued their Q2 2024 EPS estimates for shares of Intercontinental Exchange in a research report issued on Monday, July 11th. Jefferies Financial Group analyst D. Fannon expects that the financial services provider will post earnings of $1.49 per share for the quarter. The consensus estimate for Intercontinental Exchange’s current full-year earnings is $5.44 per share.
ICE has been the subject of a number of other reports. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $145.00 to $147.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 13th. Citigroup cut their target price on shares of Intercontinental Exchange from $160.00 to $152.00 in a research note on Wednesday, April 13th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, May 6th. Rosenblatt Securities cut their price objective on shares of Intercontinental Exchange from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. Finally, Argus cut their price objective on shares of Intercontinental Exchange from $148.00 to $138.00 in a research report on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.
Shares of ICE traded down $1.58 during trading hours on Thursday, reaching $92.91. The stock had a trading volume of 18,367 shares, compared to its average volume of 3,202,095. The firm has a 50-day moving average of $97.28 and a 200 day moving average of $117.26. The company has a market cap of $51.87 billion, a P/E ratio of 13.12, a P/E/G ratio of 1.90 and a beta of 0.90. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.55. Intercontinental Exchange has a 52 week low of $90.05 and a 52 week high of $139.79. Intercontinental Exchange (NYSE:ICE – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.01. Intercontinental Exchange had a net margin of 44.24% and a return on equity of 13.41%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same quarter in the prior year, the company earned $1.34 EPS. The firm’s quarterly revenue was up 5.7% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 1.64%. Intercontinental Exchange’s dividend payout ratio (DPR) is 21.11%.
In other Intercontinental Exchange news, Director William Jefferson Hague sold 583 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $97.66, for a total value of $56,935.78. Following the sale, the director now owns 16,127 shares in the company, valued at $1,574,962.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey C. Sprecher sold 83,621 shares of Intercontinental Exchange stock in a transaction on Thursday, May 26th. The stock was sold at an average price of $98.97, for a total transaction of $8,275,970.37. Following the transaction, the chief executive officer now owns 1,277,280 shares in the company, valued at approximately $126,412,401.60. The disclosure for this sale can be found here. Insiders sold 86,296 shares of company stock worth $8,537,490 over the last three months. 1.30% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of ICE. CVA Family Office LLC lifted its holdings in shares of Intercontinental Exchange by 345.2% during the fourth quarter. CVA Family Office LLC now owns 187 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 145 shares during the period. Curi Wealth Management LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at $27,000. Rather & Kittrell Inc. acquired a new position in Intercontinental Exchange in the fourth quarter valued at $27,000. Atticus Wealth Management LLC lifted its holdings in Intercontinental Exchange by 111.8% in the second quarter. Atticus Wealth Management LLC now owns 288 shares of the financial services provider’s stock valued at $27,000 after buying an additional 152 shares during the period. Finally, Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at $36,000. Institutional investors own 87.36% of the company’s stock.
About Intercontinental Exchange (Get Rating)
Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.
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