It’s Not Over Yet For Intercontinental Exchange Inc (NYSE: ICE)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Intercontinental Exchange, Inc. Announces Expiration of Consent Solicitation and Receipt of Requisite Consents Relating to Black Knight InfoServ, LLC’s Outstanding 3.625% Senior Notes due 2028.

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Stocks Info

Intercontinental Exchange Inc is listed on the NYSE as a member of the Financial sector and is a part of the Financial Data & Stock Exchanges industry. The current market capitalization of Intercontinental Exchange Inc is $79.50B. A total of 1.65 million shares were traded on the day, compared to an average of 2.65M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ICE has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 33 SELLs from insiders. Insiders purchased 176,124 shares during that period but sold 260,999.

In the most recent transaction, Sprecher Jeffrey C sold 48,166 shares of ICE for 136.35 per share on Feb 21. After the transaction, the Chief Executive Officer now owns 1,179,895 company shares. In a previous transaction on Feb 21, Edmonds Christopher Scott sold 6,269 shares at 136.26 per share. ICE shares that President, Fixed Income & Data owns now total 16,555.

Among the insiders who sold shares, Martin Lynn C disposed of 3,772 shares on Feb 20 at a per-share price of $136.59. This resulted in the President, NYSE Group holding 58,999 shares of ICE after the transaction. In another insider transaction, Williams Stuart Glen sold 2,927 shares at $136.57 per share on Feb 20. Company shares held by the Chief Operating Officer now total 14,658.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Intercontinental Exchange Inc pays an annual dividend of $1.68, resulting in a dividend yield of 1.21%, and it has a price to earnings (P/E) ratio of 33.06. ICE’s most recent ex-dividend date was 3/14/2024 when it declared a $0.45 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/13/2023. The ICE stock dividend was $0.42 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ICE in the last 3 months, the mean price target is $151.75 with high estimates of $166.00 and low estimates of $139.00. In terms of 52-week highs and lows, ICE has a high of $139.99 and a low of $94.16.

As of this writing, ICE has an earnings estimate of $1.47 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $1.55 per share and a lower estimate of $1.43. The company reported an EPS of $1.46 in the last quarter, which was 5.00% higher than expectations of $1.39.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ICE’s latest balance sheet shows that the firm has $607.00M in Cash & Short Term Investments as of fiscal 2021. There were $14.17B in debt and $153.41B in liabilities at the time. Its Book Value Per Share was $44.88, while its Total Shareholder’s Equity was $22.75B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 4.50.

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