Intercontinental Exchange, Inc. (NYSE:ICE) Stake Reduced by Round Rock Advisors LLC

Round Rock Advisors LLC trimmed its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 28,012 shares of the financial services provider’s stock after selling 400 shares during the quarter. Intercontinental Exchange makes up about 1.1% of Round Rock Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Round Rock Advisors LLC’s holdings in Intercontinental Exchange were worth $4,500,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. New Millennium Group LLC bought a new stake in shares of Intercontinental Exchange during the second quarter valued at approximately $25,000. International Assets Investment Management LLC acquired a new stake in Intercontinental Exchange in the 2nd quarter valued at approximately $25,000. Fairscale Capital LLC bought a new stake in Intercontinental Exchange during the 2nd quarter valued at $25,000. Wolff Wiese Magana LLC boosted its position in Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC bought a new position in shares of Intercontinental Exchange in the third quarter worth $26,000. 89.30% of the stock is currently owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 602 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the transaction, the insider now owns 14,034 shares of the company’s stock, valued at approximately $2,284,875.54. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Intercontinental Exchange news, COO Stuart Glen Williams sold 468 shares of Intercontinental Exchange stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $76,195.08. Following the transaction, the chief operating officer now owns 13,530 shares of the company’s stock, valued at $2,202,819.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total value of $98,011.62. Following the completion of the transaction, the insider now owns 14,034 shares in the company, valued at $2,284,875.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,489 shares of company stock valued at $1,202,259 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Barclays dropped their price target on shares of Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group increased their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Intercontinental Exchange from $169.00 to $160.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $173.93.

Intercontinental Exchange Stock Performance

ICE opened at $156.42 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market cap of $89.81 billion, a PE ratio of 37.07, a P/E/G ratio of 2.60 and a beta of 1.08. The business has a fifty day simple moving average of $161.52 and a 200-day simple moving average of $149.07. Intercontinental Exchange, Inc. has a fifty-two week low of $108.44 and a fifty-two week 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 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.55. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. Intercontinental Exchange’s revenue for the quarter was up 17.3% on a year-over-year basis. During the same quarter last year, the company posted $1.46 EPS. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.07 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

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.