Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Cibc World Markets Corp

Cibc World Markets Corp reduced its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 18.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,619 shares of the financial services provider’s stock after selling 20,548 shares during the period. Cibc World Markets Corp’s holdings in Intercontinental Exchange were worth $13,503,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sierra Ocean LLC purchased a new position in Intercontinental Exchange during the fourth quarter worth about $25,000. FSA Wealth Management LLC acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $31,000. BankPlus Trust Department purchased a new position in Intercontinental Exchange during the 4th quarter worth approximately $40,000. Golden State Wealth Management LLC purchased a new position in Intercontinental Exchange during the 4th quarter worth $51,000. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $55,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now directly owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,313 shares of company stock valued at $11,113,733 over the last quarter. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ICE shares. Keefe, Bruyette & Woods increased their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. UBS Group upped their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Stock Up 1.1 %

Intercontinental Exchange stock opened at $172.92 on Tuesday. The company has a 50-day simple moving average of $162.01 and a 200-day simple moving average of $159.72. The firm has a market capitalization of $99.35 billion, a P/E ratio of 36.17, a P/E/G ratio of 2.10 and a beta of 1.08. 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, Inc. has a one year low of $124.34 and a one year high of $175.41.

Intercontinental Exchange (NYSE:ICE) last announced 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 return on equity of 12.95% and a net margin of 23.42%. As a group, equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

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.