Intercontinental Exchange, Inc. (NYSE:ICE) Stock Position Decreased by SlateStone Wealth LLC

SlateStone Wealth LLC cut its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,635 shares of the financial services provider’s stock after selling 63 shares during the period. SlateStone Wealth LLC’s holdings in Intercontinental Exchange were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ICE. Oppenheimer & Co. Inc. purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $227,000. Empowered Funds LLC raised its stake in shares of Intercontinental Exchange by 8.6% during the 3rd quarter. Empowered Funds LLC now owns 10,829 shares of the financial services provider’s stock worth $1,740,000 after purchasing an additional 854 shares in the last quarter. Adero Partners LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $224,000. Quest Partners LLC raised its stake in shares of Intercontinental Exchange by 56.5% during the 3rd quarter. Quest Partners LLC now owns 14,055 shares of the financial services provider’s stock worth $2,258,000 after purchasing an additional 5,074 shares in the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $467,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $172.92 on Tuesday. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $175.41. The firm has a market capitalization of $99.35 billion, a PE ratio of 36.17, a PEG ratio of 2.10 and a beta of 1.08. The business’s 50 day moving average is $162.01 and its 200-day moving average is $159.72. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data 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 return on equity of 12.95% and a net margin of 23.42%. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 1.11%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is presently 40.17%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. 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 note on Friday, February 7th. Barclays raised their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.80.

Insider Transactions at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 601 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now owns 12,922 shares of the company’s stock, valued at $1,908,967.06. The trade was a 4.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,313 shares of company stock valued at $11,113,733. 1.10% of the stock is owned by corporate insiders.

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.