Blue Trust Inc. Sells 2,484 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Blue Trust Inc. reduced its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,520 shares of the financial services provider's stock after selling 2,484 shares during the quarter. Blue Trust Inc.'s holdings in Intercontinental Exchange were worth $524,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ICE. Northwest Investment Counselors LLC purchased a new stake in shares of Intercontinental Exchange in the third quarter worth approximately $26,000. Financial Management Professionals Inc. lifted its holdings in shares of Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 87 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $31,000. Finally, Planning Capital Management Corp lifted its holdings in shares of Intercontinental Exchange by 96.7% in 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 in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the transaction, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the transaction, the insider now owns 12,922 shares of the company's stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,196 shares of company stock worth $10,840,972. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Performance

NYSE:ICE traded up $1.25 during trading hours on Friday, reaching $168.04. The stock had a trading volume of 2,853,143 shares, compared to its average volume of 2,939,269. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day simple moving average of $155.42 and a 200 day simple moving average of $158.13. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $169.78. The stock has a market cap of $96.55 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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, research analysts forecast that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. JPMorgan Chase & Co. dropped 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. Barclays lifted their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $178.80.

Intercontinental Exchange 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.