Intercontinental Exchange (NYSE: ICE)The share capital had the "overweight" rating that JPMorgan Chase & Co. reaffirmed. in a report issued Friday, October 12, at The Fly. They are currently targeting $ 91.00 for the stock of financial service providers. JPMorgan Chase & Co.'s target price will indicate a possible increase of 16.34% from the previous closure of the company. Analysts noted that the move was a valuation call.
ICE has been the subject of a number of other research reports. Compass Point launched the Intercontinental Exchange coverage at a research fair on Friday, June 22nd. They set a buy and a $ 85.00 target for the stock. Zacks Investment Research cut the cross-breed difference from "hold" to "sell" on a research report on Thursday 6 September. Berenberg Bank set a target price of $ 92.00 for the Intercontinental Exchange and gave the stock market a "buy" rating at a research fair on Thursday, September 20th. ValuEngine cut the cross-trade from a "buy" rating to a "hold" rating in a survey report on Saturday 16 June. Finally, Rosenblatt Securities took over the Intercontinental Exchange at a research fair on Wednesday 5 September. They set a buy and a $ 88.00 target for the stock. Three investor analysts have evaluated the stock with a wait and twelve have issued a market score for the stock. The company currently has a consensus score "Buy" and an average target price of $ 84.07.
NYSE ICE showed $ 1.31 on Friday, reaching $ 78.22. The stock had a trading volume of 2,775,100 shares, compared to the average volume of 2,608,906. The company has a market cap of $ 43.81 billion, a price-to-earn ratio of 26.52, a PEG ratio of 2.23 and a beta of 0.53. The company has a fast 1.00 ratio, a current ratio of 1.00 and a debt-to-equity ratio of 0.38. The Intercontinental Exchange has a low 12-month $ 65.28 and a high 12-month $ 78.63.
The Intercontinental Exchange (NYSE: ICE) last published its quarterly earnings figures on Wednesday 31 October. The financial services provider announced $ 0.85 earnings per share for the quarter, covering estimates of analyst consensus estimates of $ 0.80 by $ 0.05. The Intercontinental Exchange had an equity return of 11.67% and a net margin of 43.09%. The company earned $ 1.20 billion for the quarter, compared to analysts' estimates of $ 1.19 billion. In the same quarter of the previous year, the company earned $ 0.73 per share. The company's revenue rose by 4.7% yoy. Analysts expect the Intercontinental Exchange to release 3.5 EPS for the current year.
The Intercontinental Exchange said its Board of Directors approved a share buyback program on Wednesday, October 31, which allows the company to buy $ 2.00 billion in shares. This depreciation authorization allows the financial service provider to buy up to 4.8% of its shares through open market purchases. Share buy-back programs are usually an indication that the company's management believes its stock is under-valued.
In other news from the Intercontinental Exchange, general adviser Johnathan H. Short sold 6,000 shares of the company's share in a deal on Wednesday 10 October. Shares were sold at an average price of $ 75.73, compared to a total value of $ 454,380.00. The transaction was disclosed in a deposit with the Securities and Exchange Commission, which is accessible through this link. Chief Executive Officer Jeffrey C. Sprecher also sold 80,000 shares of the company's share in a deal on Wednesday, August 22nd. Shares were sold at an average price of $ 73.28, for a total transaction of $ 5.862.400,00. The disclosure of this sale can be found here. In the last quarter, the holders recorded 253,819 stock of $ 19,162,565. Insiders hold 1.50% of the company's shares.
Some hedge funds and other institutional investors have recently joined or decreased their ICE shares. Millennium Management LLC strengthened its share of the Intercontinental Exchange by 3,708.6% in the second quarter. Millennium Management LLC currently holds 2,055,613 shares of the stock of financial services providers worth $ 151,190,000 after acquiring an additional 2,122,577 shares in the last quarter. Swedbank gained a new position at the Intercontinental Exchange in the third quarter, worth $ 106,185,000. Senator Investment Group LP increased its stake in the Intercontinental Exchange by 140.0% in the second quarter. Senator Investment Group LP now has 2,400,000 shares of the $ 176,520,000 financial services repository after the acquisition of an additional 1,400,000 shares in the last quarter. Unigestion Holding SA purchased a new share of Intercontinental Exchange shares in the second quarter, worth about $ 92,852,000. Finally, Glenmede Trust Co. NAE increased its holdings in Intercontinental Exchange shares by 11,080.3% in the second quarter. Glenmede Trust Co. NA currently holds 1,101,033 shares of the stock of financial services providers worth $ 80,982,000 after buying an additional 1,091,185 shares in the last quarter. Institutional investors hold 88.99% of the company's share capital.
About the Intercontinental Exchange
Intercontinental Exchange, Inc., operates in the United States, the UK, Continental Europe, Asia, Israel and Canada with regulated stock exchanges, clearing houses and retail outlets for stock markets. It works through two departments, Trading and Clearing. and data and directories. The company operates markets for the admission, trading and settlement of various derivative contracts and securities in various asset classes, including energy and agricultural products, interest rates, equity, equity and credit derivatives, stock exchanges, of currencies.
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