Intercontinental Exchange, Inc. (NYSE:ICE) Insider Lynn C. Martin Sells 4,155 Shares

Intercontinental Exchange, Inc. (NYSE:ICE) insider Lynn C. Martin sold 4,155 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.60, for a total value of $688,068.00. Following the sale, the insider now directly owns 57,376 shares of the company’s stock, valued at approximately $9,501,465.60. This trade represents a 6.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $167.28 on Tuesday. The company has a market cap of $96.05 billion, a PE ratio of 35.00, a P/E/G ratio of 3.21 and a beta of 1.11. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $169.75. The company has a fifty day moving average price of $153.35 and a two-hundred day moving average price of $157.06. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data 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%. Research analysts expect that Intercontinental Exchange, Inc. will post 6.63 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business 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 is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.15%. Intercontinental Exchange’s dividend payout ratio is currently 37.66%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. AMF Tjanstepension AB boosted its stake in Intercontinental Exchange by 14.5% during the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after purchasing an additional 16,130 shares during the period. Brookstone Capital Management acquired a new position in shares of Intercontinental Exchange during the third quarter worth approximately $212,000. Livforsakringsbolaget Skandia Omsesidigt grew its holdings in Intercontinental Exchange by 297.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,198 shares of the financial services provider’s stock worth $674,000 after buying an additional 3,141 shares in the last quarter. Valeo Financial Advisors LLC increased its position in Intercontinental Exchange by 5.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 6,684 shares of the financial services provider’s stock valued at $1,074,000 after acquiring an additional 355 shares during the period. Finally, First Affirmative Financial Network acquired a new stake in Intercontinental Exchange in the 3rd quarter valued at approximately $283,000. 89.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ICE shares. Morgan Stanley lifted their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, UBS Group raised their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average 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.