Checchi Capital Advisers LLC Sells 295 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Checchi Capital Advisers LLC reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.7% during the 4th quarter, Holdings Channel reports. The fund owned 5,975 shares of the financial services provider’s stock after selling 295 shares during the period. Checchi Capital Advisers LLC’s holdings in Intercontinental Exchange were worth $890,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. National Pension Service raised its holdings in Intercontinental Exchange by 19.1% in the 4th quarter. National Pension Service now owns 1,239,140 shares of the financial services provider’s stock valued at $184,644,000 after acquiring an additional 198,311 shares during the period. Fjell Capital LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at about $864,000. Kirtland Hills Capital Management LLC raised its holdings in Intercontinental Exchange by 1.0% in the 4th quarter. Kirtland Hills Capital Management LLC now owns 14,253 shares of the financial services provider’s stock valued at $2,124,000 after acquiring an additional 141 shares during the period. Sprott Inc. raised its holdings in Intercontinental Exchange by 2.4% in the 4th quarter. Sprott Inc. now owns 3,085 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 73 shares during the period. Finally, Illinois Municipal Retirement Fund raised its holdings in Intercontinental Exchange by 16.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 26,999 shares of the financial services provider’s stock valued at $4,023,000 after acquiring an additional 3,903 shares during the period. 89.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ICE shares. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Barclays raised their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. UBS Group raised their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $170.74 on Thursday. 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 firm has a market capitalization of $98.10 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 2.10 and a beta of 1.11. The firm’s 50 day simple moving average is $156.50 and its 200 day simple moving average is $158.54. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $172.63.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.12%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now owns 44,702 shares in the company, valued at $6,977,088.16. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Douglas Foley sold 10,580 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the sale, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. This represents a 32.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,368 shares of company stock worth $9,908,492 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

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.