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Sunday, April 2, 2023

Intercontinental Exchange Inc. (ICE) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Intercontinental Exchange Inc. (ICE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.41, or 0.42%, to $97.93. The Intercontinental Exchange Inc. has recorded 86,308 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted ICE Reports Record Levels of Trading Activity on March 13 as Markets Manage Risk.

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Stocks Info

Intercontinental Exchange Inc. is listed on the NYSE in the Financial sector while operating in the Financial Data & Stock Exchanges industry. At the end of the last regular session, the stock closed at $97.52 and fluctuated between $98.56 as its day high and $96.73 as its day low. The current market capitalization of Intercontinental Exchange Inc. is $57.19B. A total of 4.26 million shares were traded on the day, compared to an average of 2.57M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ICE has seen 0 BUY and 24 SELL insider trades, representing the acquisition of 0 and the disposition of 41,789 shares. Over the last 12 months, there were 16 BUYs and 50 SELLs from insiders. Insiders purchased 160,074 shares during that period but sold 352,963.

In the most recent transaction, Foley Douglas sold 1,600 shares of ICE for 104.80 per share on Feb 23. After the transaction, the SVP, HR & Administration now owns 21,481 company shares. In a previous transaction on Feb 22, Sprecher Jeffrey C sold 81,827 shares at 104.02 per share. ICE shares that Chief Executive Officer owns now total 1,203,104.

Among the insiders who sold shares, Sprecher Jeffrey C disposed of 30,000 shares on Feb 22 at a per-share price of $104.02. This resulted in the Chief Executive Officer holding 2,941,705 shares of ICE after the transaction. In another insider transaction, Sprecher Jeffrey C sold 30,000 shares at $105.37 per share on Nov 29. Company shares held by the Chief Executive Officer now total 2,971,705.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Intercontinental Exchange Inc. pays an annual dividend of $1.68, resulting in a dividend yield of 1.72%, and it has a price to earnings (P/E) ratio of 37.93. ICE’s most recent ex-dividend date was 3/16/2023 when it declared a $0.42 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/14/2022. The ICE stock dividend was $0.38 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ICE in the last 3 months, the mean price target is $127.62 with high estimates of $168.00 and low estimates of $117.00. In terms of 52-week highs and lows, ICE has a high of $137.40 and a low of $88.60.

As of this writing, ICE has an earnings estimate of $1.34 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $1.42 per share and a lower estimate of $1.27. The company reported an EPS of $1.31 in the last quarter, which was 3.10% higher than expectations of $1.27.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ICE is Underweight with a score of 4.38. A total of 10 analysts rated the stock as Buy while 3 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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