Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Appleton Partners Inc. MA

Appleton Partners Inc. MA trimmed its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 105,429 shares of the financial services provider’s stock after selling 1,475 shares during the period. Intercontinental Exchange comprises about 1.2% of Appleton Partners Inc. MA’s portfolio, making the stock its 20th biggest position. Appleton Partners Inc. MA’s holdings in Intercontinental Exchange were worth $15,710,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its position in shares of Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 147 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the third quarter worth approximately $26,000. Financial Management Professionals Inc. boosted its holdings in Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 87 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Intercontinental Exchange in the third quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC acquired a new stake in Intercontinental Exchange during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,795 shares of company stock valued at $2,120,572 over the last quarter. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ICE. Barclays upped their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday. 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 research note on Thursday, October 17th. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. UBS Group boosted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. dropped their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Stock Down 0.4 %

Shares of Intercontinental Exchange stock opened at $166.95 on Friday. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $169.75. The company has a market cap of $95.86 billion, a P/E ratio of 39.56, a PEG ratio of 3.06 and a beta of 1.11. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a fifty day moving average of $153.23 and a two-hundred day moving average of $156.81.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results 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 return on equity of 12.75% and a net margin of 21.31%. On average, analysts forecast that Intercontinental Exchange, Inc. will post 6.05 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. Intercontinental Exchange’s dividend payout ratio is currently 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.