Invera Wealth Advisors LLC Sells 11,841 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Invera Wealth Advisors LLC reduced its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 47.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,987 shares of the financial services provider’s stock after selling 11,841 shares during the quarter. Intercontinental Exchange comprises approximately 2.0% of Invera Wealth Advisors LLC’s holdings, making the stock its 17th largest holding. Invera Wealth Advisors LLC’s holdings in Intercontinental Exchange were worth $2,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Intercontinental Exchange in the fourth quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in Intercontinental Exchange in the third quarter worth about $26,000. Financial Management Professionals Inc. grew its stake in shares of Intercontinental Exchange by 106.1% during the third 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. Capital Performance Advisors LLP purchased a new stake in Intercontinental Exchange in the third quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC purchased a new stake in Intercontinental Exchange in the third quarter valued at approximately $31,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Up 0.3 %

Intercontinental Exchange stock opened at $166.94 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $169.78. The company’s 50 day simple moving average is $154.97 and its 200 day simple moving average is $157.93. The firm has a market capitalization of $95.92 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 2.11 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last issued its 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%. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.71 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued 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 dividend payout ratio (DPR) is currently 37.66%.

Insider Transactions at Intercontinental Exchange

In other news, SVP Douglas Foley sold 10,580 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 21,992 shares of the company’s stock, valued at $3,661,008.24. This trade represents a 32.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $165.71, for a total transaction of $965,757.88. Following the completion of the sale, the president now owns 164,041 shares in the company, valued at $27,183,234.11. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,358 shares of company stock valued at $5,535,650. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ICE. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. UBS Group upped their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange 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.