Intercontinental Alternate, Inc. (NYSE: ICE) – Piper Sandler raised its first quarter 2021 earnings estimates for Intercontinental Alternate in a analysis report launched to purchasers and buyers on Wednesday, March 3. Piper Sandler analyst R. Repetto now expects the monetary companies supplier to earn $ 1.24 a share for the quarter, up from its earlier forecast of $ 1.19. Piper Sandler has an “obese” ranking and a goal value of $ 127.00 on the inventory.

Different analysts have additionally printed analysis studies on the inventory. Raymond James raised his value goal on Intercontinental Alternate shares from $ 125.00 to $ 131.00 in a report on Friday, December 18. Zacks funding analysis downgraded Intercontinental Alternate shares from a “purchase” ranking to a “preserve” ranking and set a value goal of $ 118.00 for the corporate. in a report from Thursday, February 11. Oppenheimer reissued a “maintain” word on Intercontinental Alternate shares in a report on Monday, January 25. Rosenblatt Securities raised its value goal on Intercontinental Alternate shares from $ 120.00 to $ 125.00 and gave the corporate a “purchase” ranking in a report on Thursday, January 7. Lastly, Redburn Companions started hedging shares of the Intercontinental Alternate in a report on Tuesday, November 10. They established a “impartial” ranking for the corporate. Three analysts rated the inventory with a upkeep ranking, 13 gave the corporate a purchase ranking and one gave the corporate a powerful purchase ranking. The inventory presently has a consensus ranking of “Purchase” and a consensus value goal of $ 119.00.

Actions of Intercontinental Inventory Alternate open at $ 114.97 on Mondays. The corporate has a debt to fairness ratio of 0.78, a present ratio of 0.99, and a fast ratio of 0.99. The corporate has a market cap of $ 64.58 billion, a P / E ratio of 31.67, a P / E / G ratio of two.18 and a beta of 0.68. The corporate has a 50-day easy transferring common of $ 112.72 and a 200-day easy transferring common of $ 106.40. Intercontinental Alternate has a fifty-two week low of $ 63.51 and a fifty-two week excessive of $ 119.02. Intercontinental Alternate (NYSE: ICE) final launched its quarterly earnings information on Thursday, February 4. The monetary companies supplier reported earnings per share of $ 1.13 for the quarter, beating the Thomson Reuters consensus estimate of $ 1.08 per $ 0.05. The corporate posted income of $ 1.67 billion within the quarter, in comparison with analysts’ estimates of $ 1.63 billion. Intercontinental Alternate had a web margin of 26.19% and a return on fairness of 13.63%. The corporate’s income elevated 28.7% year-over-year. In the identical quarter of final yr, the corporate posted earnings per share of $ 0.95.

A lot of institutional buyers and hedge funds have not too long ago purchased and bought shares of the inventory. Magellan Asset Administration Ltd elevated its place in Intercontinental Alternate by 54.8% within the 4th quarter. Magellan Asset Administration Ltd now owns 18,201,606 shares of the monetary companies supplier valued at $ 2,098,463,000 after buying a further 6,446,916 shares within the final quarter. Worth T Rowe Associates Inc. MD elevated its place in Intercontinental Alternate by 10.7% within the 4th quarter. Worth T Rowe Associates Inc. MD now owns 15,133,691 shares of the monetary companies supplier valued at $ 1,742,502,000 after buying a further 1,467,468 shares over the past quarter. Morgan Stanley raised its place on the Intercontinental Alternate by 39.4% within the 4th quarter. Morgan Stanley now owns 13,619,388 shares of the monetary companies supplier valued at $ 1,570,179,000 after buying a further 3,851,221 shares within the final quarter. FMR LLC elevated its stake in Intercontinental Alternate by 3.1% within the 4th quarter. FMR LLC now owns 9,415,538 shares of the monetary companies supplier valued at $ 1,085,517,000 after buying a further 281,115 shares over the past quarter. Lastly, Thoma Bravo LP acquired a brand new stake in Intercontinental Alternate within the third quarter valued at $ 918,516,000. 87.42% of the shares are presently held by institutional buyers and hedge funds.

On a associated word, CFO Scott A. Hill bought 10,937 shares of the corporate in a commerce on Tuesday, February 16. The shares have been bought for a median value of $ 111.67, for a complete worth of $ 1,221,334.79. On account of the sale, the CFO now immediately owns 175,062 shares of the corporate, valued at roughly $ 19,549,173.54. The transaction was disclosed in a authorized deposit with the Securities & Alternate Fee, out there at this hyperlink. As well as, COO Mark Wassersug bought 2,239 shares of the corporate’s inventory in a commerce on Tuesday, December 8. The shares have been bought for a median value of $ 109.51, for a complete transaction of $ 245,192.89. Disclosure of this sale may be discovered right here. Prior to now three months, insiders have bought 37,668 shares valued at $ 4,229,058. Insiders personal 1.50% of the corporate’s shares.

The corporate additionally not too long ago declared a quarterly dividend, which can be paid on Wednesday, March 31. Shareholders of file on Wednesday March 17 will obtain a dividend of $ 0.33 per share. This represents a dividend of $ 1.32 on an annualized foundation and a dividend yield of 1.15%. This can be a enhance from the earlier Intercontinental Alternate quarterly dividend of $ 0.30. The ex-dividend date of this dividend is Tuesday March 16. Intercontinental Alternate’s dividend payout ratio (DPR) is presently 30.93%.

About Intercontinental Alternate

Intercontinental Alternate, Inc operates regulated exchanges, clearing homes, and itemizing venues for the commodities, monetary markets, mounted earnings and fairness markets in the US, United Kingdom, European Union, Singapore, Israel and Canada. It operates in two segments, buying and selling and clearing; and Knowledge and Lists.

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