Intercontinental Exchange, Inc. (NYSE:ICE) Stake Decreased by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 826,379 shares of the financial services provider’s stock after selling 46,327 shares during the quarter. Corient Private Wealth LLC’s holdings in Intercontinental Exchange were worth $123,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Greenwich Wealth Management LLC increased its stake in shares of Intercontinental Exchange by 1.4% during the fourth quarter. Greenwich Wealth Management LLC now owns 18,980 shares of the financial services provider’s stock valued at $2,828,000 after acquiring an additional 261 shares during the period. one8zero8 LLC acquired a new position in Intercontinental Exchange in the fourth quarter worth approximately $285,000. Natixis Advisors LLC grew its position in Intercontinental Exchange by 3.7% in the fourth quarter. Natixis Advisors LLC now owns 1,754,422 shares of the financial services provider’s stock worth $261,427,000 after buying an additional 62,384 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in Intercontinental Exchange by 28.2% in the fourth quarter. Frank Rimerman Advisors LLC now owns 6,144 shares of the financial services provider’s stock worth $916,000 after buying an additional 1,351 shares during the last quarter. Finally, Ironwood Investment Management LLC grew its position in Intercontinental Exchange by 15.2% in the fourth quarter. Ironwood Investment Management LLC now owns 4,781 shares of the financial services provider’s stock worth $712,000 after buying an additional 630 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods lifted 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. JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Barclays lifted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now owns 21,992 shares of the company’s stock, valued at $3,661,008.24. The trade was a 32.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 7,900 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the transaction, the president now owns 147,274 shares in the company, valued at approximately $25,247,181.82. The trade was a 5.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,313 shares of company stock valued at $11,113,733 in the last quarter. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 1.3 %

ICE stock opened at $171.28 on Friday. 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, Inc. has a 1 year low of $124.34 and a 1 year high of $175.41. The company has a fifty day simple moving average of $161.47 and a 200 day simple moving average of $159.64. The firm has a market cap of $98.41 billion, a PE ratio of 35.83, a PEG 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 net margin of 23.42% and a return on equity of 12.95%. Sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company 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 dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is 40.17%.

Intercontinental Exchange 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.