Capital World Investors Decreases Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Capital World Investors trimmed its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 34.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,703,879 shares of the financial services provider's stock after selling 2,997,781 shares during the quarter. Capital World Investors owned approximately 0.99% of Intercontinental Exchange worth $849,970,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ICE. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth $25,000. Redwood Park Advisors LLC purchased a new position in Intercontinental Exchange during the fourth quarter worth about $33,000. Lee Danner & Bass Inc. purchased a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $34,000. BankPlus Trust Department bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $40,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth about $45,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Trading Down 0.0 %

Shares of ICE stock traded down $0.02 during mid-day trading on Friday, reaching $162.96. The stock had a trading volume of 582,116 shares, compared to its average volume of 2,920,001. 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's 50-day moving average price is $166.52 and its two-hundred day moving average price is $160.44. The firm has a market capitalization of $93.62 billion, a PE ratio of 34.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 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%. Equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.18%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.

Insider Transactions at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the transaction, the director now owns 21,364 shares in the company, valued at $3,396,876. This trade represents a 10.96 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,931 shares of company stock valued at $10,492,868. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ICE. JPMorgan Chase & Co. cut their price target 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. Bank of America reduced their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. 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 research note 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, Barclays raised their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus target price of $182.47.

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.