Ieq Capital LLC Sells 2,949 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Ieq Capital LLC trimmed its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 12.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,678 shares of the financial services provider’s stock after selling 2,949 shares during the period. Ieq Capital LLC’s holdings in Intercontinental Exchange were worth $3,081,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Private Advisor Group LLC increased its holdings in Intercontinental Exchange by 24.8% in the 4th quarter. Private Advisor Group LLC now owns 38,195 shares of the financial services provider’s stock valued at $5,691,000 after acquiring an additional 7,579 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Intercontinental Exchange by 10.5% in the 4th quarter. Global Retirement Partners LLC now owns 3,537 shares of the financial services provider’s stock valued at $527,000 after acquiring an additional 337 shares during the last quarter. Timber Creek Capital Management LLC increased its holdings in Intercontinental Exchange by 18.8% in the 4th quarter. Timber Creek Capital Management LLC now owns 44,165 shares of the financial services provider’s stock valued at $6,581,000 after acquiring an additional 6,974 shares during the last quarter. Atlas Legacy Advisors LLC bought a new stake in Intercontinental Exchange in the 4th quarter valued at $487,000. Finally, Bank of Jackson Hole Trust bought a new stake in Intercontinental Exchange in the 4th quarter valued at $863,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Up 0.7 %

NYSE:ICE opened at $168.04 on Friday. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $169.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $96.55 billion, a P/E ratio of 35.15, a P/E/G ratio of 2.10 and a beta of 1.11. The firm has a 50-day simple moving average of $155.42 and a 200-day simple moving average of $158.18.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 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%. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.14%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 37.66%.

Insider Buying and Selling

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the company’s 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 transaction, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. This represents a 3.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. The trade was a 32.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,196 shares of company stock worth $10,840,972 in the last 90 days. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on ICE shares. Barclays lifted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their target price 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. UBS Group boosted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.