Klingenstein Fields & Co. LP Sells 300 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Klingenstein Fields & Co. LP decreased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,684 shares of the financial services provider’s stock after selling 300 shares during the quarter. Klingenstein Fields & Co. LP’s holdings in Intercontinental Exchange were worth $592,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ICE. New Millennium Group LLC bought a new stake in Intercontinental Exchange during the second quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in Intercontinental Exchange during the second quarter valued at $25,000. Fairscale Capital LLC bought a new stake in Intercontinental Exchange during the second quarter valued at $25,000. Wolff Wiese Magana LLC boosted its position in Intercontinental Exchange by 1,470.0% during the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Intercontinental Exchange during the third quarter valued at $26,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $154.64 on Monday. Intercontinental Exchange, Inc. has a fifty-two week low of $104.91 and a fifty-two week high of $167.99. The stock has a market cap of $88.79 billion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.35 and a beta of 1.08. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.99 and a current ratio of 1.00. The firm’s 50-day simple moving average is $161.98 and its 200 day simple moving average is $148.45.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the firm earned $1.46 EPS. The firm’s revenue for the quarter was up 17.3% compared to the same quarter last year. As a group, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.13 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. Intercontinental Exchange’s dividend payout ratio is currently 42.65%.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the transaction, the insider now owns 14,034 shares of the company’s stock, valued at $2,284,875.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total transaction of $80,920.82. Following the transaction, the director now owns 3,958 shares of the company’s stock, valued at $629,242.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 602 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the transaction, the insider now directly owns 14,034 shares in the company, valued at approximately $2,284,875.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock valued at $1,202,259 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on ICE shares. Citigroup upped their price target on shares of Intercontinental Exchange from $160.00 to $162.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. The Goldman Sachs Group upped their price target on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Friday. Bank of America increased their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. Finally, Raymond James cut shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective on the stock. in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, two have assigned 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 $173.93.

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.