State of New Jersey Common Pension Fund D Sells 334 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

State of New Jersey Common Pension Fund D lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 209,605 shares of the financial services provider’s stock after selling 334 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Intercontinental Exchange were worth $33,671,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. New Millennium Group LLC acquired a new position in shares of Intercontinental Exchange during the second quarter valued at about $25,000. International Assets Investment Management LLC purchased a new position in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Fairscale Capital LLC purchased a new position in shares of Intercontinental Exchange during the 2nd quarter valued at approximately $25,000. Wolff Wiese Magana LLC grew its position in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the 3rd quarter worth approximately $26,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.2 %

Intercontinental Exchange stock traded up $0.31 during midday trading on Friday, hitting $156.42. 4,946,737 shares of the stock were exchanged, compared to its average volume of 3,249,787. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The company has a 50 day moving average price of $161.52 and a two-hundred day moving average price of $149.19. The firm has a market cap of $89.81 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.60 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1 year low of $108.44 and a 1 year high of $167.99.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the firm posted $1.46 earnings per share. The company’s revenue was up 17.3% compared to the same quarter last year. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Monday, December 16th. Intercontinental Exchange’s payout ratio is currently 42.65%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ICE shares. Piper Sandler raised their price target on shares of Intercontinental Exchange from $170.00 to $180.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Friday, November 1st. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. Finally, Barclays reduced their target price on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $173.93.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the completion of the transaction, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Warren Gardiner sold 750 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $161.43, for a total transaction of $121,072.50. Following the sale, the chief financial officer now directly owns 16,576 shares of the company’s stock, valued at approximately $2,675,863.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,489 shares of company stock worth $1,202,259. Insiders own 1.10% of the company’s stock.

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.