Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Gryphon Financial Partners LLC

Gryphon Financial Partners LLC lowered its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 33.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,109 shares of the financial services provider’s stock after selling 1,067 shares during the period. Gryphon Financial Partners LLC’s holdings in Intercontinental Exchange were worth $314,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in shares of Intercontinental Exchange by 21.5% in the third quarter. Farther Finance Advisors LLC now owns 4,388 shares of the financial services provider’s stock worth $704,000 after buying an additional 775 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Intercontinental Exchange by 5.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 69,407 shares of the financial services provider’s stock worth $11,150,000 after acquiring an additional 3,381 shares in the last quarter. Confluence Wealth Services Inc. increased its position in shares of Intercontinental Exchange by 140.5% in the 3rd quarter. Confluence Wealth Services Inc. now owns 5,651 shares of the financial services provider’s stock worth $908,000 after purchasing an additional 3,301 shares during the last quarter. BSW Wealth Partners acquired a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $308,000. Finally, Wetzel Investment Advisors Inc. lifted its position in shares of Intercontinental Exchange by 16.5% during the third quarter. Wetzel Investment Advisors Inc. now owns 1,909 shares of the financial services provider’s stock worth $307,000 after purchasing an additional 270 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling

In other news, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Benjamin Jackson sold 17,104 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the transaction, the president now directly owns 155,174 shares of the company’s stock, valued at $25,855,091.88. This represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,268 shares of company stock valued at $11,262,789 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $173.14 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $157.87 and its two-hundred day moving average is $158.93. The firm has a market capitalization of $99.48 billion, a P/E ratio of 36.22, a PEG ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $175.41.

Intercontinental Exchange (NYSE:ICE) last posted its 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%. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Analysts Set New Price Targets

Several brokerages recently weighed in on ICE. Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, Barclays raised their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $178.80.

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.