First Horizon Advisors Inc. Sells 311 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

First Horizon Advisors Inc. decreased its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 7.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,095 shares of the financial services provider’s stock after selling 311 shares during the period. First Horizon Advisors Inc.’s holdings in Intercontinental Exchange were worth $610,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Sigma Planning Corp raised its position in Intercontinental Exchange by 4.3% in the fourth quarter. Sigma Planning Corp now owns 3,452 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 142 shares during the period. Callan Capital LLC raised its position in Intercontinental Exchange by 5.2% in the fourth quarter. Callan Capital LLC now owns 1,594 shares of the financial services provider’s stock worth $238,000 after acquiring an additional 79 shares during the period. Redmond Asset Management LLC bought a new stake in Intercontinental Exchange in the fourth quarter worth about $2,262,000. Ipswich Investment Management Co. Inc. raised its position in Intercontinental Exchange by 3.9% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 2,183 shares of the financial services provider’s stock worth $325,000 after acquiring an additional 81 shares during the period. Finally, Blackston Financial Advisory Group LLC raised its position in Intercontinental Exchange by 7.4% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 3,188 shares of the financial services provider’s stock worth $475,000 after acquiring an additional 220 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $3,001,144.28. The trade was a 27.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Benjamin Jackson sold 17,104 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the sale, the president now directly owns 155,174 shares of the company’s stock, valued at $25,855,091.88. This trade represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,368 shares of company stock valued at $9,908,492 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on ICE shares. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target 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. Barclays boosted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $168.49 on Tuesday. The company has a 50 day moving average of $155.70 and a 200 day moving average of $158.33. The stock has a market cap of $96.81 billion, a P/E ratio of 35.25, a P/E/G ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $169.89. 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 (NYSE:ICE) last released its quarterly earnings results 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 return on equity of 12.95% and a net margin of 23.42%. As a group, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.14%. Intercontinental Exchange’s dividend payout ratio is presently 37.66%.

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.