Stock Traders Buy Large Volume of Intercontinental Exchange Put Options (ICE)
Intercontinental Exchange Inc (NYSE:ICE) was the target of some unusual options trading on Monday. Stock investors acquired 1,732 put options on the company. This represents an increase of approximately 983% compared to the average volume of 160 put options.
In other news, CEO Jeffrey C. Sprecher sold 80,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $73.28, for a total transaction of $5,862,400.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Charles A. Vice sold 35,000 shares of Intercontinental Exchange stock in a transaction on Friday, July 6th. The shares were sold at an average price of $73.17, for a total value of $2,560,950.00. Following the transaction, the insider now owns 384,017 shares in the company, valued at approximately $28,098,523.89. The disclosure for this sale can be found here. Insiders have sold 288,259 shares of company stock worth $21,554,161 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Intercontinental Exchange by 2.5% during the first quarter. BlackRock Inc. now owns 38,207,564 shares of the financial services provider’s stock valued at $2,770,811,000 after purchasing an additional 935,860 shares during the last quarter. Janus Henderson Group PLC boosted its position in Intercontinental Exchange by 5.7% during the second quarter. Janus Henderson Group PLC now owns 11,536,121 shares of the financial services provider’s stock valued at $848,486,000 after purchasing an additional 619,979 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Intercontinental Exchange by 17.1% during the second quarter. OppenheimerFunds Inc. now owns 6,938,214 shares of the financial services provider’s stock valued at $510,306,000 after purchasing an additional 1,011,626 shares during the last quarter. Standard Life Aberdeen plc boosted its position in Intercontinental Exchange by 3.5% during the second quarter. Standard Life Aberdeen plc now owns 5,475,090 shares of the financial services provider’s stock valued at $402,774,000 after purchasing an additional 183,310 shares during the last quarter. Finally, Fred Alger Management Inc. boosted its position in Intercontinental Exchange by 10.5% during the second quarter. Fred Alger Management Inc. now owns 4,667,461 shares of the financial services provider’s stock valued at $343,292,000 after purchasing an additional 442,680 shares during the last quarter. 88.48% of the stock is owned by hedge funds and other institutional investors.
ICE opened at $77.52 on Tuesday. The firm has a market cap of $44.71 billion, a P/E ratio of 26.28, a PEG ratio of 2.27 and a beta of 0.64. Intercontinental Exchange has a 1 year low of $64.91 and a 1 year high of $78.48. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25.
Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Intercontinental Exchange had a return on equity of 11.45% and a net margin of 41.83%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 earnings per share. analysts predict that Intercontinental Exchange will post 3.48 earnings per share for the current year.
Intercontinental Exchange Company Profile
Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the United States, the United Kingdom, Continental Europe, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings. The company operates marketplaces for listing, trading, and clearing an array of derivatives and securities contracts across various asset classes, including energy and agricultural commodities, interest rates, equities, equity and credit derivatives, exchange traded funds, bonds, and currencies.
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