Is Intercontinental Exchange Inc (NYSE: ICE) No Longer A Good Investment?

After Hours

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.

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Stocks Info

ICE belongs to the Financial sector of the NYSE while operating in the Financial Data & Stock Exchanges industry. The current market capitalization of Intercontinental Exchange Inc is $74.38B. A total of 2.64 million shares were traded on the day, compared to an average of 2.42M shares.

In the most recent transaction, Sprecher Jeffrey C sold 110,000 shares of ICE for 137.21 per share on Apr 03 ’24. After the transaction, the Chief Executive Officer now owns 2,661,705 company shares. In a previous transaction on Apr 03 ’24, Sprecher Jeffrey C sold 58,388 shares at 137.21 per share. ICE shares that Chief Executive Officer owns now total 1,179,895.

Among the insiders who sold shares, SPRIESER JUDITH A disposed of 2,238 shares on Mar 28 ’24 at a per-share price of $137.36. This resulted in the Director holding 29,347 shares of ICE after the transaction. In another insider transaction, Martin Lynn C sold 6,060 shares at $137.41 per share on Mar 12 ’24. Company shares held by the President, NYSE Group now total 52,939.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Intercontinental Exchange Inc pays an annual dividend of $1.71, resulting in a dividend yield of 1.32%, and it has a price to earnings (P/E) ratio of 30.94. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ICE has a high of $140.43 and a low of $103.81.

As of this writing, ICE has an earnings estimate of $IceCure Medical Ltd. per share for the current quarter. EPS was calculated based on a consensus of ICE U.S. Conforming 30-Yr Fixed estimates, with a high estimate of $SeaStar Medical Holding Corpora per share and a lower estimate of $ICE US Dollar Index – Index – C.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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