Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 826,379 shares of the financial services provider’s stock after selling 46,327 shares during the period. Corient Private Wealth LLC owned about 0.14% of Intercontinental Exchange worth $123,139,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Strategic Advisors LLC increased its position in Intercontinental Exchange by 5.1% in the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 66 shares during the period. Commons Capital LLC increased its position in Intercontinental Exchange by 1.2% in the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock valued at $886,000 after acquiring an additional 69 shares during the period. Brooklyn Investment Group increased its position in Intercontinental Exchange by 2.2% in the 4th quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider’s stock valued at $475,000 after acquiring an additional 70 shares during the period. Clear Harbor Asset Management LLC increased its position in Intercontinental Exchange by 3.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 70 shares during the period. Finally, Johnson Investment Counsel Inc. increased its position in Intercontinental Exchange by 2.3% in the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock valued at $465,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

ICE stock opened at $171.28 on Friday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.41. The firm has a market cap of $98.41 billion, a P/E ratio of 35.83, a PEG ratio of 2.10 and a beta of 1.08. 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 stock’s 50 day moving average price is $161.47 and its 200 day moving average price is $159.64.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.12%. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. This trade represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Scott Edmonds sold 6,834 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the completion of the transaction, the insider now owns 17,972 shares of the company’s stock, valued at $3,001,144.28. This trade represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,313 shares of company stock worth $11,113,733. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lifted 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. Three investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.