Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,931 shares of the financial services provider’s stock after selling 259 shares during the quarter. IFP Advisors Inc’s holdings in Intercontinental Exchange were worth $1,480,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in Intercontinental Exchange during the third quarter valued at about $29,000. FSA Wealth Management LLC acquired a new position in shares of Intercontinental Exchange in the third quarter worth about $31,000. Planning Capital Management Corp increased its position in shares of Intercontinental Exchange by 96.7% in the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 147 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $51,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In related news, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares in the company, valued at $6,977,088.16. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,368 shares of company stock worth $9,908,492. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on ICE. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. UBS Group lifted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Barclays increased their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Price Performance

Shares of ICE opened at $170.74 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $98.10 billion, a PE ratio of 35.72, a PEG ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $172.63. The firm’s 50 day moving average price is $156.50 and its 200 day moving average price is $158.54.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.12%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.