Kampmann Melissa S. Sells 1,970 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Kampmann Melissa S. lowered its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,595 shares of the financial services provider's stock after selling 1,970 shares during the period. Intercontinental Exchange comprises about 2.4% of Kampmann Melissa S.'s investment portfolio, making the stock its 19th biggest position. Kampmann Melissa S.'s holdings in Intercontinental Exchange were worth $3,069,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Strategic Advisors LLC grew its position in Intercontinental Exchange by 5.1% in the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock worth $201,000 after purchasing an additional 66 shares during the period. Commons Capital LLC boosted its stake in shares of Intercontinental Exchange by 1.2% in the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider's stock worth $886,000 after buying an additional 69 shares during the last quarter. Brooklyn Investment Group grew its holdings in shares of Intercontinental Exchange by 2.2% in the fourth quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider's stock worth $475,000 after acquiring an additional 70 shares during the period. Clear Harbor Asset Management LLC increased its position in Intercontinental Exchange by 3.7% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider's stock valued at $294,000 after acquiring an additional 70 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in Intercontinental Exchange by 2.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 89.30% of the company's stock.

Remove Ads

Analysts Set New Price Targets

ICE has been the topic of a number of research reports. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Barclays raised their target price 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 raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, UBS Group upped their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Three investment 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, the company has an average rating of "Moderate Buy" and a consensus price target of $178.80.

Insider Buying and Selling

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares of the company's stock, valued at $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the sale, the president now directly owns 164,041 shares of the company's stock, valued at $27,183,234.11. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,563 shares of company stock worth $10,998,990. Insiders own 1.10% of the company's stock.

Intercontinental Exchange Price Performance

NYSE ICE traded up $0.88 on Monday, reaching $175.27. The company had a trading volume of 2,982,397 shares, compared to its average volume of 2,599,555. The firm's 50 day moving average price is $164.29 and its 200 day moving average price is $160.07. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $176.17. The stock has a market capitalization of $100.70 billion, a PE ratio of 36.67, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. 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 posted its 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 return on equity of 12.95% and a net margin of 23.42%. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

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