Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 12.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 202,979 shares of the financial services provider’s stock after selling 27,985 shares during the quarter. American Century Companies Inc.’s holdings in Intercontinental Exchange were worth $30,246,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $25,000. FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at $31,000. Lee Danner & Bass Inc. acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $34,000. BankPlus Trust Department purchased a new position in Intercontinental Exchange in the fourth quarter valued at $40,000. Finally, Golden State Wealth Management LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth $51,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In other news, insider Christopher Scott Edmonds sold 601 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the stock in a transaction on 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 sale, the president now directly owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. This represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,563 shares of company stock valued at $10,998,990. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Down 1.0 %

Shares of NYSE ICE opened at $174.65 on Friday. The stock has a market cap of $100.35 billion, a PE ratio of 36.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $177.45. The business has a 50-day moving average price of $167.12 and a 200 day moving average price of $160.57. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

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

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders 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 1.10%. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ICE shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. UBS Group increased their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Barclays lifted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.