Citizens Financial Group Inc. RI Decreases Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Citizens Financial Group Inc. RI lessened its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,250 shares of the financial services provider’s stock after selling 241 shares during the period. Citizens Financial Group Inc. RI’s holdings in Intercontinental Exchange were worth $1,676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth $25,000. FSA Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter worth $31,000. BankPlus Trust Department purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth $40,000. Planning Capital Management Corp lifted its position in shares of Intercontinental Exchange by 96.7% during the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 147 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth $51,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ICE shares. UBS Group lifted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. cut their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock 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 note on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Transactions at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following 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 filing with the Securities & Exchange Commission, which is available at this link. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the sale, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,313 shares of company stock worth $11,113,733 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Trading Up 0.4 %

Shares of Intercontinental Exchange stock opened at $169.04 on Thursday. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $175.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company’s 50-day simple moving average is $160.64 and its 200-day simple moving average is $159.50. The firm has a market cap of $97.13 billion, a price-to-earnings ratio of 35.36, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) 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, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

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.