Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 3.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 790,573 shares of the financial services provider’s stock after selling 27,051 shares during the period. Thrivent Financial for Lutherans’ holdings in Intercontinental Exchange were worth $117,833,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ICE. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $25,000. FSA Wealth Management LLC acquired a new position in Intercontinental Exchange in the 3rd quarter worth about $31,000. BankPlus Trust Department bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at $40,000. Golden State Wealth Management LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $51,000. Finally, Hanson & Doremus Investment Management bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $55,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $172.92 on Tuesday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.41. The company has a fifty day moving average price of $162.01 and a 200-day moving average price of $159.72. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $99.35 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates 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, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 17,104 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the sale, the president now owns 155,174 shares of the company’s stock, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the transaction, the chief operating officer now owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,313 shares of company stock valued at $11,113,733. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays raised their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group boosted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. reduced their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Profile

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.