Intercontinental Exchange, Inc. (NYSE:ICE) Stock Holdings Decreased by Long Road Investment Counsel LLC

Long Road Investment Counsel LLC reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,985 shares of the financial services provider’s stock after selling 200 shares during the quarter. Intercontinental Exchange accounts for 3.0% of Long Road Investment Counsel LLC’s investment portfolio, making the stock its 10th biggest holding. Long Road Investment Counsel LLC’s holdings in Intercontinental Exchange were worth $7,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange in the third quarter valued at approximately $31,000. BankPlus Trust Department purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $40,000. Golden State Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $51,000. Finally, Hanson & Doremus Investment Management purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at approximately $55,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. This trade represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,313 shares of company stock worth $11,113,733. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $172.92 on Tuesday. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $175.41. The stock has a market cap of $99.35 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The business has a fifty day moving average of $162.01 and a 200-day moving average of $159.72. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) 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 predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.11%. Intercontinental Exchange’s payout ratio is currently 40.17%.

Analyst Ratings Changes

A number of analysts recently weighed in on ICE shares. JPMorgan Chase & Co. decreased their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. UBS Group lifted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company 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, February 10th. Keefe, Bruyette & Woods lifted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective 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 stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and an average target price 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.