Insider Selling: Intercontinental Exchange, Inc. (NYSE:ICE) Insider Sells $688,068.00 in Stock

Intercontinental Exchange, Inc. (NYSE:ICE) insider Lynn C. Martin sold 4,155 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total value of $688,068.00. Following the completion of the transaction, the insider now directly owns 57,376 shares in the company, valued at $9,501,465.60. This trade represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Intercontinental Exchange Price Performance

ICE stock opened at $166.57 on Thursday. The company has a market capitalization of $95.64 billion, a PE ratio of 34.85, a P/E/G ratio of 3.21 and a beta of 1.11. The company has a quick ratio of 1.00, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $153.74 and its two-hundred day moving average is $157.30. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $169.75.

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 net margin of 23.42% and a return on equity of 12.95%. Analysts predict that Intercontinental Exchange, Inc. will post 6.63 earnings per share 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. Stockholders of record on Tuesday, December 16th will be given 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 1.15%. Intercontinental Exchange’s payout ratio is 37.66%.

Institutional Trading of Intercontinental Exchange

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in shares of Intercontinental Exchange by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider’s stock worth $5,647,000 after acquiring an additional 366 shares in the last quarter. Kestra Private Wealth Services LLC boosted its holdings in Intercontinental Exchange by 6.9% in the fourth quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider’s stock worth $11,022,000 after purchasing an additional 4,787 shares during the period. M&T Bank Corp increased its stake in Intercontinental Exchange by 33.2% during the third quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider’s stock valued at $7,500,000 after purchasing an additional 11,648 shares during the last quarter. Avantra Family Wealth Inc. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $702,000. Finally, Dixon Mitchell Investment Counsel Inc. lifted its position in shares of Intercontinental Exchange by 9.2% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider’s stock worth $108,515,000 after buying an additional 61,110 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on ICE shares. Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. 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 research report on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. decreased their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, UBS Group raised their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.80.

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.