Douglas Foley Sells 10,580 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the sale, the senior vice president now directly owns 21,992 shares in the company, valued at approximately $3,661,008.24. This represents a 32.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock opened at $167.28 on Tuesday. The firm has a market cap of $96.05 billion, a PE ratio of 35.00, a P/E/G ratio of 3.21 and a beta of 1.11. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.75. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $153.35 and a 200 day moving average price of $157.06.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.63 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business 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. This represents a $1.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 37.66%.

Hedge Funds Weigh In On Intercontinental Exchange

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Generali Asset Management SPA SGR purchased a new position in Intercontinental Exchange in the 4th quarter valued at about $4,757,000. Evoke Wealth LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at approximately $280,000. Horizon Investments LLC lifted its position in shares of Intercontinental Exchange by 2.1% in the fourth quarter. Horizon Investments LLC now owns 11,032 shares of the financial services provider’s stock valued at $1,644,000 after acquiring an additional 231 shares in the last quarter. Mystic Asset Management Inc. boosted its stake in shares of Intercontinental Exchange by 182.2% in the fourth quarter. Mystic Asset Management Inc. now owns 10,152 shares of the financial services provider’s stock worth $1,513,000 after acquiring an additional 6,555 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of Intercontinental Exchange by 5.5% during the fourth quarter. Axxcess Wealth Management LLC now owns 2,523 shares of the financial services provider’s stock worth $376,000 after purchasing an additional 132 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ICE. Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Raymond James downgraded Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price for the company. in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, Morgan Stanley upped their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

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.