Intercontinental Exchange (NYSE:ICE) Given New $163.00 Price Target at Deutsche Bank Aktiengesellschaft

Intercontinental Exchange (NYSE:ICE) had its price target lifted by Deutsche Bank Aktiengesellschaft from $160.00 to $163.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 4.44% from the company’s previous close.

A number of other research analysts have also issued reports on ICE. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Piper Sandler raised their target price on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. TD Cowen started coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target on the stock. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.13.

Intercontinental Exchange Trading Down 0.6 %

ICE opened at $156.08 on Monday. The firm has a market cap of $89.62 billion, a price-to-earnings ratio of 36.98, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08. Intercontinental Exchange has a 52 week low of $108.62 and a 52 week high of $167.99. The business’s 50 day moving average is $161.43 and its two-hundred day moving average is $149.49. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the business posted $1.46 earnings per share. Intercontinental Exchange’s quarterly revenue was up 17.3% on a year-over-year basis. On average, research analysts predict that Intercontinental Exchange will post 6.07 EPS for the current year.

Insider Activity at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Christopher Scott Edmonds sold 602 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the sale, the insider now directly owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the transaction, the general counsel now owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Intercontinental Exchange

Several hedge funds and other institutional investors have recently bought and sold shares of the business. New Millennium Group LLC bought a new position in shares of Intercontinental Exchange during the second quarter worth about $25,000. International Assets Investment Management LLC bought a new position in Intercontinental Exchange during the 2nd quarter worth approximately $25,000. Fairscale Capital LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter worth approximately $25,000. Wolff Wiese Magana LLC increased its holdings in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at approximately $26,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

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.