Intercontinental Exchange (NYSE:ICE) Given New $171.00 Price Target at JPMorgan Chase & Co.

Intercontinental Exchange (NYSE:ICE) had its price objective increased by JPMorgan Chase & Co. from $151.00 to $171.00 in a research note published on Monday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the financial services provider’s stock.

ICE has been the subject of a number of other reports. Citigroup upped their target price on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the stock a buy rating in a research note on Tuesday, July 9th. The Goldman Sachs Group upgraded Intercontinental Exchange from a neutral rating to a buy rating and increased their price objective for the stock from $143.00 to $167.00 in a report on Monday, July 1st. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $152.00 to $154.00 and gave the company a hold rating in a research report on Thursday, August 15th. Argus reaffirmed a buy rating and set a $153.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Finally, Keefe, Bruyette & Woods reiterated an outperform rating and issued a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $156.36.

Intercontinental Exchange Stock Up 0.6 %

Shares of Intercontinental Exchange stock opened at $161.91 on Monday. Intercontinental Exchange has a 1 year low of $104.49 and a 1 year high of $163.71. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $92.87 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 2.81 and a beta of 1.08. The business has a 50-day moving average of $154.62 and a two-hundred day moving average of $142.18.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a net margin of 21.43% and a return on equity of 12.70%. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the company posted $1.43 EPS. The business’s quarterly revenue was up 22.7% on a year-over-year basis. As a group, equities analysts predict that Intercontinental Exchange will post 6.04 EPS for the current year.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction dated Wednesday, June 26th. The stock was 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 owns 46,815 shares in the company, valued at $6,397,737.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 1,898 shares of Intercontinental Exchange stock in a transaction 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 $6,397,737.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Warren Gardiner sold 750 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the completion of the transaction, the chief financial officer now directly owns 16,576 shares in the company, valued at $2,675,863.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,096 shares of company stock valued at $9,593,983. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intercontinental Exchange

A number of institutional investors have recently made changes to their positions in ICE. Scarborough Advisors LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $25,000. Annapolis Financial Services LLC boosted its position in shares of Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 163 shares during the period. New Millennium Group LLC acquired a new position in shares of Intercontinental Exchange in the second quarter valued at about $25,000. International Assets Investment Management LLC acquired a new position in shares of Intercontinental Exchange in the second quarter valued at about $25,000. Finally, Fairscale Capital LLC bought a new position in Intercontinental Exchange during the second quarter worth about $25,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Company Profile

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.