Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC reduced its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,765 shares of the financial services provider's stock after selling 2,814 shares during the quarter. Intercontinental Exchange makes up approximately 0.8% of Exencial Wealth Advisors LLC's portfolio, making the stock its 28th biggest position. Exencial Wealth Advisors LLC's holdings in Intercontinental Exchange were worth $20,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ICE. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth about $25,000. Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange during the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $31,000. BankPlus Trust Department acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $40,000. Finally, Planning Capital Management Corp lifted its position in shares of Intercontinental Exchange by 96.7% during the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider's stock worth $48,000 after purchasing an additional 147 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ICE. Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three 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 presently has an average rating of "Moderate Buy" and a consensus price target of $178.80.

Insider Transactions at Intercontinental Exchange

In related news, COO Stuart Glen Williams sold 750 shares of the business's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares of the company's stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the sale, the general counsel now owns 44,702 shares of the company's stock, valued at approximately $6,977,088.16. The trade was a 2.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,268 shares of company stock worth $11,262,789 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

ICE traded up $1.85 on Wednesday, hitting $171.70. 2,286,090 shares of the company traded hands, compared to its average volume of 2,579,253. The company has a 50 day moving average of $158.26 and a 200-day moving average of $159.03. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $175.41. The stock has a market capitalization of $98.65 billion, a PE ratio of 35.92, a PEG ratio of 2.10 and a beta of 1.11. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

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 the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.12%. Intercontinental Exchange's dividend payout ratio (DPR) is 40.17%.

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.