The IntercontinentalExchange Group Inc. Stock Scheduled to Split on Friday, November 4th (ICE)

The IntercontinentalExchange Group Inc. Stock Scheduled to Split on Friday, November 4th (ICE)

Shares of IntercontinentalExchange Group Inc. (NYSE:ICE) are scheduled to split on the morning of Friday, November 4th. The 5-1 split was announced on Wednesday, October 12th. The newly minted shares will be payable to shareholders after the market closes on Thursday, November 3rd.

IntercontinentalExchange Group (NYSE:ICE) opened at 267.83 on Monday. The stock has a market cap of $30.81 billion, a price-to-earnings ratio of 22.10 and a beta of 0.92. IntercontinentalExchange Group has a 1-year low of $227.22 and a 1-year high of $287.02. The firm has a 50-day moving average price of $272.03 and a 200 day moving average price of $264.60.

IntercontinentalExchange Group (NYSE:ICE) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.05. The business earned $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. IntercontinentalExchange Group had a return on equity of 10.72% and a net margin of 25.83%. The company’s revenue was up 41.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.90 EPS. On average, equities research analysts anticipate that IntercontinentalExchange Group will post $13.76 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on ICE shares. Jefferies Group increased their price target on IntercontinentalExchange Group from $295.00 to $310.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Deutsche Bank AG increased their price target on IntercontinentalExchange Group from $310.00 to $311.00 and gave the stock a “buy” rating in a report on Friday, September 9th. Zacks Investment Research upgraded IntercontinentalExchange Group from a “sell” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods increased their price target on IntercontinentalExchange Group from $300.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Finally, Barclays PLC reiterated an “overweight” rating and set a $307.00 price target (up from $295.00) on shares of IntercontinentalExchange Group in a report on Thursday, August 11th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $297.33.

In other news, insider Thomas W. Farley sold 1,900 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $283.03, for a total transaction of $537,757.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charles A. Vice sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $267.55, for a total value of $401,325.00. Following the sale, the insider now directly owns 61,483 shares in the company, valued at approximately $16,449,776.65. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of ICE. Bank of New York Mellon Corp raised its stake in shares of IntercontinentalExchange Group by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 3,112,039 shares of the company’s stock valued at $796,555,000 after buying an additional 110,531 shares during the period. Wellington Management Group LLP raised its stake in shares of IntercontinentalExchange Group by 12.6% in the first quarter. Wellington Management Group LLP now owns 2,864,823 shares of the company’s stock valued at $673,634,000 after buying an additional 319,612 shares during the period. Carmignac Gestion raised its stake in shares of IntercontinentalExchange Group by 1.1% in the third quarter. Carmignac Gestion now owns 2,661,720 shares of the company’s stock valued at $716,961,000 after buying an additional 28,600 shares during the period. Neuberger Berman Group LLC raised its stake in shares of IntercontinentalExchange Group by 11.5% in the second quarter. Neuberger Berman Group LLC now owns 1,637,694 shares of the company’s stock valued at $419,184,000 after buying an additional 168,569 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of IntercontinentalExchange Group by 26.8% in the second quarter. American Century Companies Inc. now owns 1,105,774 shares of the company’s stock valued at $283,034,000 after buying an additional 233,988 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

About IntercontinentalExchange Group

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