Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,165 shares of the financial services provider's stock after selling 2,644 shares during the quarter. Truist Financial Corp's holdings in Intercontinental Exchange were worth $19,247,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ICE. Sierra Ocean LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new position in Intercontinental Exchange in the third quarter valued at $26,000. Financial Management Professionals Inc. boosted its stake in 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 acquiring an additional 87 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange in the third quarter valued at $29,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange during the third quarter worth about $31,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ICE shares. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research report on Monday, November 11th. UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. reduced their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Barclays raised their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods raised 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. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.80.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the sale, the insider now owns 17,972 shares in the company, valued at approximately $3,001,144.28. This trade represents a 27.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,196 shares of company stock worth $10,840,972. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Price Performance

Shares of ICE traded up $1.25 during mid-day trading on Friday, reaching $168.04. 2,853,143 shares of the company's stock were exchanged, compared to its average volume of 2,404,252. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a 50-day simple moving average of $155.42 and a two-hundred day simple moving average of $158.13. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $169.78. The company has a market cap of $96.55 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.14%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 37.66%.

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.