Wilson Asset Management International PTY Ltd. Sells 10,109 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Wilson Asset Management International PTY Ltd. cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,851 shares of the financial services provider’s stock after selling 10,109 shares during the quarter. Intercontinental Exchange makes up approximately 5.4% of Wilson Asset Management International PTY Ltd.’s portfolio, making the stock its 3rd biggest position. Wilson Asset Management International PTY Ltd.’s holdings in Intercontinental Exchange were worth $20,988,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at about $29,000. FSA Wealth Management LLC acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at about $31,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $40,000. Finally, Planning Capital Management Corp lifted its stake in shares of Intercontinental Exchange by 96.7% in the 3rd 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 owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. UBS Group upped their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

Insider Activity at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,661 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now owns 66,548 shares in the company, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Douglas Foley sold 10,580 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the transaction, the senior vice president now owns 21,992 shares in the company, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 67,313 shares of company stock worth $11,113,733. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE stock opened at $168.34 on Wednesday. The firm has a market cap of $96.72 billion, a PE ratio of 35.22, a P/E/G ratio of 2.10 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $160.24 and a 200-day moving average of $159.43. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $175.41.

Intercontinental Exchange (NYSE:ICE) last released its earnings results 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, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.14%. Intercontinental Exchange’s payout ratio is 40.17%.

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.