Other analysts have also recently issued research reports about the company. Oppenheimer dropped their price objective on Intercontinental Exchange from $110.00 to $109.00 and set an outperform rating on the stock in a report on Monday, July 13th. Rosenblatt Securities restated a buy rating and issued a $104.00 target price on shares of Intercontinental Exchange in a research note on Friday, May 1st. Citigroup increased their price objective on Intercontinental Exchange from $102.00 to $107.00 and gave the company a buy rating in a research report on Monday, July 20th. UBS Group reduced their price target on Intercontinental Exchange from $116.00 to $114.00 and set a buy rating on the stock in a research report on Thursday, June 4th. Finally, Deutsche Bank reduced their price target on Intercontinental Exchange from $114.00 to $111.00 and set a buy rating on the stock in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $103.64.
ICE traded up $2.41 during trading on Thursday, reaching $96.78. 3,423,695 shares of the company were exchanged, compared to its average volume of 2,451,413. The company’s 50-day moving average is $93.21 and its two-hundred day moving average is $91.48. The company has a market cap of $52.96 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 2.71 and a beta of 0.54. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.33. Intercontinental Exchange has a 12-month low of $63.51 and a 12-month high of $101.93.
In other news, Director William Jefferson Hague sold 733 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $96.32, for a total value of $70,602.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jean Marc Forneri sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $96.01, for a total value of $288,030.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 111,486 shares of company stock valued at $10,632,325. 1.50% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Ellevest Inc. increased its position in Intercontinental Exchange by 148.7% during the 2nd quarter. Ellevest Inc. now owns 286 shares of the financial services provider’s stock valued at $26,000 after buying an additional 171 shares in the last quarter. Engrave Wealth Partners LLC bought a new stake in Intercontinental Exchange during the fourth quarter worth approximately $29,000. Fortis Advisors LLC bought a new position in shares of Intercontinental Exchange during the first quarter valued at approximately $33,000. Harvest Group Wealth Management LLC grew its stake in shares of Intercontinental Exchange by 72.3% during the second quarter. Harvest Group Wealth Management LLC now owns 448 shares of the financial services provider’s stock valued at $41,000 after buying an additional 188 shares during the last quarter. Finally, Community Bank N.A. bought a new position in shares of Intercontinental Exchange during the second quarter valued at approximately $42,000. 87.47% of the stock is owned by institutional investors.
Intercontinental Exchange Company Profile
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, Singapore, Israel, and Canada. It operates in two segments, Trading and Clearing; and Data and Listings.
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