Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 52,395 shares of the financial services provider’s stock after selling 2,118 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Intercontinental Exchange were worth $7,807,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. WINTON GROUP Ltd purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $833,000. Artisan Partners Limited Partnership acquired a new position in Intercontinental Exchange in the 4th quarter worth about $3,459,000. Korea Investment CORP boosted its position in Intercontinental Exchange by 10.9% during the fourth quarter. Korea Investment CORP now owns 414,115 shares of the financial services provider’s stock worth $61,707,000 after purchasing an additional 40,838 shares in the last quarter. UNIVEST FINANCIAL Corp grew its holdings in Intercontinental Exchange by 10.1% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 36,777 shares of the financial services provider’s stock valued at $5,480,000 after purchasing an additional 3,366 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $420,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

ICE stock opened at $175.69 on Thursday. The business’s 50-day moving average is $166.08 and its two-hundred day moving average is $160.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $176.82. The firm has a market capitalization of $100.95 billion, a P/E ratio of 36.76, a P/E/G ratio of 2.10 and a beta of 1.08.

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 return on equity of 12.95% and a net margin of 23.42%. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.09%. Intercontinental Exchange’s payout ratio is currently 40.17%.

Insider Transactions at Intercontinental Exchange

In related news, insider Lynn C. Martin sold 4,155 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $165.60, for a total value of $688,068.00. Following the completion of the sale, the insider now owns 57,376 shares in the company, valued at $9,501,465.60. This represents a 6.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73. Following the sale, the insider now owns 12,922 shares of the company’s stock, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,563 shares of company stock valued at $10,998,990. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of recent research reports. Barclays increased their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods boosted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. cut their price objective 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. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Company 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.