Insider Selling: Intercontinental Exchange, Inc. (NYSE:ICE) Insider Sells 4,155 Shares of Stock

Intercontinental Exchange, Inc. (NYSE:ICE) insider Lynn C. Martin sold 4,155 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total value of $688,068.00. Following the transaction, the insider now owns 57,376 shares of the company’s stock, valued at approximately $9,501,465.60. The trade was a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Intercontinental Exchange Stock Down 0.2 %

NYSE ICE opened at $166.57 on Thursday. The company has a market capitalization of $95.64 billion, a P/E ratio of 34.85, a PEG ratio of 3.21 and a beta of 1.11. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $169.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 1.00. The company’s 50 day simple moving average is $153.74 and its 200 day simple moving average is $157.30.

Intercontinental Exchange (NYSE:ICE) last announced 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%. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.63 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. Intercontinental Exchange’s dividend payout ratio (DPR) is 37.66%.

Hedge Funds Weigh In On Intercontinental Exchange

A number of institutional investors have recently bought and sold shares of ICE. Landscape Capital Management L.L.C. purchased a new stake in Intercontinental Exchange during the fourth quarter valued at about $648,000. Pitcairn Co. raised its holdings in shares of Intercontinental Exchange by 4.6% during the fourth quarter. Pitcairn Co. now owns 16,494 shares of the financial services provider’s stock valued at $2,458,000 after acquiring an additional 723 shares during the period. Grant Private Wealth Management Inc acquired a new position in Intercontinental Exchange in the 4th quarter worth approximately $365,000. Motley Fool Asset Management LLC grew its position in Intercontinental Exchange by 13.0% during the 4th quarter. Motley Fool Asset Management LLC now owns 26,115 shares of the financial services provider’s stock worth $3,891,000 after purchasing an additional 3,007 shares in the last quarter. Finally, Nicolet Advisory Services LLC grew its position in Intercontinental Exchange by 2.3% during the 4th quarter. Nicolet Advisory Services LLC now owns 7,406 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on ICE shares. UBS Group upped their price target 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. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $178.80.

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.