FineMark National Bank & Trust Sells 3,683 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

FineMark National Bank & Trust lessened its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 101,855 shares of the financial services provider's stock after selling 3,683 shares during the quarter. FineMark National Bank & Trust's holdings in Intercontinental Exchange were worth $15,177,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ICE. Sierra Ocean LLC bought a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $25,000. FSA Wealth Management LLC acquired a new position in Intercontinental Exchange during the third quarter worth $31,000. Lee Danner & Bass Inc. acquired a new position in Intercontinental Exchange during the fourth quarter worth $34,000. BankPlus Trust Department bought a new position in Intercontinental Exchange in the fourth quarter valued at $40,000. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Intercontinental Exchange in the 4th quarter valued at $45,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Performance

NYSE:ICE traded down $1.71 during mid-day trading on Friday, hitting $174.65. 3,199,231 shares of the stock were exchanged, compared to its average volume of 2,778,671. 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 firm's 50-day simple moving average is $167.12 and its 200 day simple moving average is $160.56. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The stock has a market capitalization of $100.35 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

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Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (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%. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.10%. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

Insider Activity

In related news, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares of the company's stock, valued at $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the sale, the president now owns 155,174 shares in the company, valued at $25,855,091.88. The trade was a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,563 shares of company stock worth $10,998,990. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of recent research reports. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. UBS Group upped their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. 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. Keefe, Bruyette & Woods boosted their target price 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. Finally, 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. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average 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.