Goodman Advisory Group LLC Lowers Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Goodman Advisory Group LLC lessened its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,739 shares of the financial services provider’s stock after selling 176 shares during the period. Goodman Advisory Group LLC’s holdings in Intercontinental Exchange were worth $1,600,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in Intercontinental Exchange in the 4th quarter valued at about $25,000. Redwood Park Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $33,000. Lee Danner & Bass Inc. purchased a new position in Intercontinental Exchange in the 4th quarter valued at $34,000. BankPlus Trust Department purchased a new position in Intercontinental Exchange during the 4th quarter worth $40,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Intercontinental Exchange in the 4th quarter worth $45,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the sale, the director now owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Benjamin Jackson sold 7,900 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the sale, the president now owns 147,274 shares in the company, valued at approximately $25,247,181.82. This represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,931 shares of company stock valued at $10,492,868 over the last three months. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group upped their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report 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 for the company in a research report on Friday, January 17th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Barclays increased their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Bank of America cut their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $182.47.

Intercontinental Exchange Price Performance

NYSE ICE opened at $158.34 on Friday. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $177.45. The stock has a market cap of $90.97 billion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company has a 50-day moving average price of $167.27 and a two-hundred day moving average price of $160.51. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly 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 return on equity of 12.95% and a net margin of 23.42%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.21%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is 40.17%.

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.