Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. lowered its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 27.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,635 shares of the financial services provider’s stock after selling 1,395 shares during the quarter. Navellier & Associates Inc.’s holdings in Intercontinental Exchange were worth $542,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Intercontinental Exchange in the fourth quarter worth approximately $25,000. Financial Management Professionals Inc. lifted its stake in Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 87 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Intercontinental Exchange in the third quarter worth approximately $29,000. FSA Wealth Management LLC purchased a new position in Intercontinental Exchange in the third quarter worth approximately $31,000. Finally, Planning Capital Management Corp lifted its stake in Intercontinental Exchange by 96.7% in the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 147 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.7 %

Shares of NYSE:ICE opened at $168.04 on Monday. The stock has a market cap 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 fifty day moving average price of $155.42 and a 200 day moving average price of $158.23. 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 $169.78.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given 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 yield of 1.14%. Intercontinental Exchange’s payout ratio is currently 37.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ICE shares. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. UBS Group boosted their price objective 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. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Insiders Place Their Bets

In other news, insider Christopher Scott Edmonds sold 6,834 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the completion of the transaction, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. This trade represents a 27.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares of the company’s stock, valued at $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 quarter, insiders sold 60,368 shares of company stock worth $9,908,492. 1.10% of the stock is owned by insiders.

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.