Tiff Advisory Services LLC Sells 26,788 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Tiff Advisory Services LLC decreased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 61.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,123 shares of the financial services provider’s stock after selling 26,788 shares during the period. Intercontinental Exchange makes up about 0.8% of Tiff Advisory Services LLC’s investment portfolio, making the stock its 14th largest position. Tiff Advisory Services LLC’s holdings in Intercontinental Exchange were worth $2,551,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in Intercontinental Exchange during the fourth quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in Intercontinental Exchange during the third quarter valued at $29,000. FSA Wealth Management LLC bought a new position in Intercontinental Exchange during the third quarter valued at $31,000. BankPlus Trust Department purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $40,000. Finally, Planning Capital Management Corp boosted its stake in shares of Intercontinental Exchange by 96.7% during the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 147 shares during the period. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction that occurred on 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 completion of the sale, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Scott Edmonds sold 6,834 shares of Intercontinental Exchange stock in a transaction that occurred on 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 completion of the sale, the insider now owns 17,972 shares of the company’s stock, valued at $3,001,144.28. This trade represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,268 shares of company stock worth $11,262,789 in the last three months. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE stock opened at $173.14 on Tuesday. The firm has a market cap of $99.48 billion, a price-to-earnings ratio of 36.22, a PEG ratio of 2.10 and a beta of 1.11. The firm has a 50-day simple moving average of $157.87 and a two-hundred day simple moving average of $158.93. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $175.41. 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 (NYSE:ICE) last released its quarterly 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%. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS 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. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. 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 (DPR) is presently 40.17%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ICE. Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $178.80.

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.