Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 19.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,639 shares of the financial services provider’s stock after selling 1,342 shares during the period. C WorldWide Group Holding A S’s holdings in Intercontinental Exchange were worth $840,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Intercontinental Exchange during the fourth quarter valued at $25,000. Financial Management Professionals Inc. lifted its position in Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 87 shares during the period. Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange during the third quarter valued at $29,000. FSA Wealth Management LLC acquired a new position in Intercontinental Exchange during the third quarter valued at $31,000. Finally, Planning Capital Management Corp lifted its position in Intercontinental Exchange by 96.7% during the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 147 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 0.7 %

ICE stock opened at $168.04 on Monday. The stock has a market capitalization of $96.55 billion, a P/E ratio of 35.15, a P/E/G ratio of 2.10 and a beta of 1.11. The firm has a 50-day simple moving average of $155.42 and a 200-day simple moving average of $158.23. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $169.78.

Intercontinental Exchange (NYSE:ICE) last released its 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 return on equity of 12.95% and a net margin of 23.42%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced 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 of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. Intercontinental Exchange’s dividend payout ratio is currently 37.66%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction dated 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 sale, the general counsel now owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction of $88,785.73. Following the sale, the insider now directly owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,368 shares of company stock valued at $9,908,492. Corporate insiders own 1.10% of the company’s stock.

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.