FineMark National Bank & Trust Sells 3,683 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

FineMark National Bank & Trust lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,855 shares of the financial services provider’s stock after selling 3,683 shares during the quarter. FineMark National Bank & Trust’s holdings in Intercontinental Exchange were worth $15,177,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ICE. Eagle Asset Management Inc. grew its stake in shares of Intercontinental Exchange by 53.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 23,831 shares of the financial services provider’s stock worth $3,728,000 after acquiring an additional 8,258 shares during the period. Nwam LLC bought a new position in Intercontinental Exchange during the third quarter worth about $240,000. Great Valley Advisor Group Inc. purchased a new position in shares of Intercontinental Exchange in the third quarter worth about $228,000. Kingsview Wealth Management LLC raised its position in shares of Intercontinental Exchange by 0.9% in the third quarter. Kingsview Wealth Management LLC now owns 10,673 shares of the financial services provider’s stock valued at $1,715,000 after purchasing an additional 97 shares during the period. Finally, Swedbank AB lifted its stake in shares of Intercontinental Exchange by 9.0% during the 3rd quarter. Swedbank AB now owns 92,582 shares of the financial services provider’s stock valued at $14,872,000 after buying an additional 7,640 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the sale, the president now owns 147,274 shares of the company’s stock, valued at $25,247,181.82. This represents a 5.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the transaction, the chief technology officer now owns 66,548 shares in the company, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock worth $10,998,990 in the last 90 days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ICE shares. UBS Group boosted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. decreased their price objective 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. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods upped their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Trading Up 0.5 %

NYSE ICE opened at $175.27 on Tuesday. The stock’s 50-day simple moving average is $164.92 and its two-hundred day simple moving average is $160.16. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $176.16. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $100.70 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.10 and a beta of 1.08.

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

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

About Intercontinental Exchange

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.