Northwest & Ethical Investments L.P. Has $142,000 Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Northwest & Ethical Investments L.P. lessened its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 73.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 957 shares of the financial services provider's stock after selling 2,600 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Intercontinental Exchange were worth $142,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new position in Intercontinental Exchange in the 4th quarter valued at $25,000. FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at $31,000. BankPlus Trust Department bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at about $40,000. Golden State Wealth Management LLC bought a new stake in Intercontinental Exchange during the 4th quarter worth about $51,000. Finally, Hanson & Doremus Investment Management bought a new stake in Intercontinental Exchange during the 4th quarter worth about $55,000. Institutional investors own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the sale, the president now owns 147,274 shares of the company's stock, valued at approximately $25,247,181.82. The trade was a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of the company's stock in a transaction dated Friday, February 7th. The stock was 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. The trade was a 32.48 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,563 shares of company stock valued at $10,998,990. Corporate insiders own 1.10% of the company's stock.

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Intercontinental Exchange Stock Up 0.5 %

ICE traded up $0.80 during trading on Thursday, reaching $176.56. The company had a trading volume of 2,945,931 shares, compared to its average volume of 2,603,452. The business's fifty day moving average price is $166.08 and its 200 day moving average price is $160.37. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $178.10. The company has a market cap of $101.44 billion, a P/E ratio of 36.94, a PEG ratio of 2.10 and a beta of 1.08.

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 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%. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 1.09%. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Barclays increased their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 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, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus 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.