Lynn C. Martin Sells 4,155 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) insider Lynn C. Martin sold 4,155 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $165.60, for a total transaction of $688,068.00. Following the sale, the insider now owns 57,376 shares of the company’s stock, valued at approximately $9,501,465.60. This represents a 6.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Intercontinental Exchange Stock Down 0.1 %

Shares of ICE opened at $166.96 on Wednesday. The firm has a 50 day simple moving average of $153.53 and a two-hundred day simple moving average of $157.19. The company has a market cap of $95.93 billion, a P/E ratio of 34.93, a P/E/G ratio of 3.21 and a beta of 1.11. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $169.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 1.00.

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%. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.63 EPS 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 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 dividend yield of 1.15%. Intercontinental Exchange’s payout ratio is currently 40.17%.

Analysts Set New Price Targets

Several brokerages have issued reports on ICE. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Barclays boosted their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. 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 research report on Friday, January 17th. Morgan Stanley lifted their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

Hedge Funds Weigh In On Intercontinental Exchange

Institutional investors have recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC boosted its position in 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 buying an additional 147 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at $26,000. Financial Management Professionals Inc. grew its position in Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 87 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange in the 3rd quarter worth about $29,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

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.