1 day Ago By ABMN Staff
Intercontinental Exchange ( NYSE:ICE – Get Free Report ) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $151.00 to $171.
00 in a research report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. JPMorgan Chase & Co.
‘s price target indicates a potential upside of 5.03% from the stock’s previous close. A number of other equities research analysts also recently commented on ICE.
StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Friday, September 6th. Citigroup raised their price target on Intercontinental Exchange from $160.
00 to $162.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. The Goldman Sachs Group raised Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $143.
00 to $167.00 in a report on Monday, July 1st. Argus reissued a “buy” rating and issued a $153.
00 target price on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $152.00 to $154.
00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average target price of $156.
36. Check Out Our Latest Research Report on Intercontinental Exchange Intercontinental Exchange Stock Performance Intercontinental Exchange ( NYSE:ICE – Get Free Report ) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.
52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.03.
Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%.
The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.31 billion.
During the same quarter in the previous year, the company posted $1.43 earnings per share. The company’s revenue for the quarter was up 22.
7% compared to the same quarter last year. As a group, equities research analysts forecast that Intercontinental Exchange will post 6.04 EPS for the current year.
Insider Buying and Selling at Intercontinental Exchange In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $136.
66, for a total transaction of $259,380.68. Following the completion of the transaction, the general counsel now directly owns 46,815 shares of the company’s stock, valued at approximately $6,397,737.
90. The sale was disclosed in a filing with the SEC, which is available at the SEC website . In related news, General Counsel Andrew J.
Surdykowski sold 1,898 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.
68. Following the sale, the general counsel now owns 46,815 shares of the company’s stock, valued at $6,397,737.90.
The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, insider Christopher Scott Edmonds sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $148.
60, for a total transaction of $148,600.00. Following the completion of the transaction, the insider now directly owns 14,636 shares of the company’s stock, valued at approximately $2,174,909.
60. The disclosure for this sale can be found here . Insiders have sold 67,096 shares of company stock valued at $9,593,983 over the last quarter.
Corporate insiders own 1.10% of the company’s stock. Institutional Trading of Intercontinental Exchange A number of hedge funds have recently bought and sold shares of the company.
Fairscale Capital LLC purchased a new position in shares of Intercontinental Exchange during the 2nd quarter worth $25,000. Annapolis Financial Services LLC lifted its position in Intercontinental Exchange by 1,018.8% during the first quarter.
Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after buying an additional 163 shares during the period. New Millennium Group LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter worth about $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter worth about $25,000.
Finally, Redmont Wealth Advisors LLC purchased a new stake in Intercontinental Exchange in the 1st quarter valued at about $26,000. Institutional investors and hedge funds own 89.30% of the company’s stock.
Intercontinental Exchange Company Profile ( Get Free Report ) Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada. Featured Stories Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter .
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