Insider Selling: Intercontinental Exchange, Inc. (NYSE:ICE) SVP Sells $1,761,252.60 in Stock

Intercontinental Exchange, Inc. (NYSE:ICE) SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the sale, the senior vice president now directly owns 21,992 shares of the company’s stock, valued at $3,661,008.24. This represents a 32.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $166.57 on Thursday. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $153.74 and a 200-day moving average of $157.30. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.75. The firm has a market cap of $95.64 billion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.63 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 37.66%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ICE shares. Barclays raised their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods upped their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. UBS Group raised their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Institutional Trading of Intercontinental Exchange

A number of hedge funds have recently made changes to their positions in ICE. AMF Tjanstepension AB lifted its stake in Intercontinental Exchange by 14.5% in the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after acquiring an additional 16,130 shares during the last quarter. Brookstone Capital Management acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth approximately $212,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Intercontinental Exchange by 297.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,198 shares of the financial services provider’s stock valued at $674,000 after buying an additional 3,141 shares during the period. Valeo Financial Advisors LLC increased its stake in Intercontinental Exchange by 5.6% in the third quarter. Valeo Financial Advisors LLC now owns 6,684 shares of the financial services provider’s stock valued at $1,074,000 after acquiring an additional 355 shares during the period. Finally, First Affirmative Financial Network acquired a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $283,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

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.