Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by GeoWealth Management LLC

by · The Markets Daily

GeoWealth Management LLC reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE – Free Report) by 16.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,057 shares of the financial services provider’s stock after selling 405 shares during the quarter. GeoWealth Management LLC’s holdings in Intercontinental Exchange were worth $307,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICE. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $25,000. Redwood Park Advisors LLC acquired a new position in Intercontinental Exchange during the fourth quarter worth approximately $33,000. Lee Danner & Bass Inc. purchased a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $34,000. BankPlus Trust Department acquired a new stake in Intercontinental Exchange during the 4th quarter worth $40,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $45,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,630 shares of the firm’s stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was 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 owns 21,992 shares of the company’s stock, valued at approximately $3,661,008.24. This represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,931 shares of company stock worth $10,492,868. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Trading Up 3.6 %

Shares of ICE opened at $160.68 on Wednesday. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The company has a market capitalization of $92.31 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The stock has a fifty day moving average of $166.71 and a two-hundred day moving average of $160.41. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE – Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.19%. Intercontinental Exchange’s payout ratio is 40.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays increased their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. JPMorgan Chase & Co. cut their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $182.47.

Get Our Latest Stock Report on Intercontinental Exchange

Intercontinental Exchange Company Profile

(Free Report)

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.

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