Intercontinental Exchange Inc (NYSE:ICE) has earned an average rating of “Buy” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $76.08.

Several equities analysts have commented on the stock. Argus restated a “buy” rating and issued a $67.00 price target (down previously from $80.00) on shares of Intercontinental Exchange in a research note on Friday. Bank of America dropped their price target on shares of Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating for the company in a research note on Thursday. Berenberg Bank started coverage on shares of Intercontinental Exchange in a research note on Thursday, January 25th. They issued a “buy” rating and a $90.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of Intercontinental Exchange from $70.00 to $76.00 and gave the stock an “outperform” rating in a research report on Monday, October 16th. Finally, Citigroup lifted their price objective on shares of Intercontinental Exchange from $67.00 to $75.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th.

In other news, Vice Chairman Charles A. Vice sold 7,500 shares of Intercontinental Exchange stock in a transaction on Friday, December 1st. The shares were sold at an average price of $71.93, for a total transaction of $539,475.00. Following the completion of the sale, the insider now directly owns 377,471 shares of the company’s stock, valued at approximately $27,151,489.03. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Scott A. Hill sold 14,772 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $75.00, for a total transaction of $1,107,900.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,910 shares of company stock valued at $3,579,672. Corporate insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. lifted its position in Intercontinental Exchange by 0.9% in the third quarter. Macquarie Group Ltd. now owns 2,915,546 shares of the financial services provider’s stock valued at $200,298,000 after acquiring an additional 24,797 shares during the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in Intercontinental Exchange in the third quarter valued at $380,000. AXA lifted its position in Intercontinental Exchange by 6.8% in the third quarter. AXA now owns 255,959 shares of the financial services provider’s stock valued at $17,585,000 after acquiring an additional 16,304 shares during the last quarter. QS Investors LLC lifted its position in Intercontinental Exchange by 10.0% in the second quarter. QS Investors LLC now owns 10,381 shares of the financial services provider’s stock valued at $684,000 after acquiring an additional 946 shares during the last quarter. Finally, Greystone Managed Investments Inc. lifted its position in Intercontinental Exchange by 4.6% in the third quarter. Greystone Managed Investments Inc. now owns 154,743 shares of the financial services provider’s stock valued at $10,631,000 after acquiring an additional 6,736 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange (ICE) traded up $1.45 during trading hours on Wednesday, hitting $68.45. 5,333,030 shares of the company’s stock traded hands, compared to its average volume of 2,720,000. The firm has a market capitalization of $40,910.00, a P/E ratio of 16.14, a price-to-earnings-growth ratio of 2.31 and a beta of 0.63. The company has a current ratio of 0.99, a quick ratio of 1.01 and a debt-to-equity ratio of 0.25. Intercontinental Exchange has a fifty-two week low of $56.97 and a fifty-two week high of $76.14.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.01. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 10.83%. The company’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.71 earnings per share. research analysts expect that Intercontinental Exchange will post 3.63 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 13th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, September 12th. This represents a $0.96 annualized dividend and a dividend yield of 1.40%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 18.87%.

Intercontinental Exchange announced that its board has initiated a stock buyback program on Thursday, November 2nd that permits the company to buyback $1.20 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

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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.

Analyst Recommendations for Intercontinental Exchange (NYSE:ICE)

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