Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Kampmann Melissa S.

Kampmann Melissa S. cut its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 8.7% during the 4th quarter, Holdings Channel reports. The firm owned 20,595 shares of the financial services provider’s stock after selling 1,970 shares during the period. Intercontinental Exchange comprises 2.4% of Kampmann Melissa S.’s investment portfolio, making the stock its 19th largest position. Kampmann Melissa S.’s holdings in Intercontinental Exchange were worth $3,069,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at $25,000. FSA Wealth Management LLC acquired a new position in shares of Intercontinental Exchange during the 3rd quarter valued at $31,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at $40,000. Golden State Wealth Management LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at $51,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Intercontinental Exchange during the 4th quarter valued at $55,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the transaction, the insider now directly owns 17,972 shares in the company, valued at $3,001,144.28. This trade represents a 27.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the transaction, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,563 shares of company stock valued at $10,998,990. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

ICE opened at $173.59 on Thursday. The stock has a market cap of $99.74 billion, a price-to-earnings ratio of 36.32, a PEG ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average price of $163.08 and a 200 day moving average price of $159.89.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data 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 net margin of 23.42% and a return on equity of 12.95%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given 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 yield of 1.11%. Intercontinental Exchange’s payout ratio is 40.17%.

Analyst Ratings Changes

ICE has been the topic of several research analyst reports. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. UBS Group lifted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Barclays lifted their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. decreased their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Keefe, Bruyette & Woods lifted their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report 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. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

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.