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

Prudential Financial Inc. lessened its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 486,312 shares of the financial services provider's stock after selling 23,404 shares during the period. Prudential Financial Inc. owned 0.08% of Intercontinental Exchange worth $72,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Strategic Advisors LLC boosted its stake in Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock valued at $201,000 after acquiring an additional 66 shares in the last quarter. Commons Capital LLC boosted its position 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 valued at $886,000 after purchasing an additional 69 shares during the period. Brooklyn Investment Group grew its stake in Intercontinental Exchange by 2.2% during the 4th quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider's stock worth $475,000 after buying an additional 70 shares during the last quarter. 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 worth $294,000 after buying an additional 70 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in Intercontinental Exchange by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after buying an additional 71 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

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Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. reduced their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. UBS Group upped their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $178.80.

Insider Buying and Selling

In other news, CTO Mayur Kapani sold 5,661 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.71, for a total transaction 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. Insiders sold 66,563 shares of company stock worth $10,998,990 in the last ninety days. Insiders own 1.10% of the company's stock.

Intercontinental Exchange Price Performance

ICE traded down $1.71 on Friday, hitting $174.65. 3,199,231 shares of the company were exchanged, compared to its average volume of 2,778,671. The business's fifty day moving average is $167.12 and its 200 day 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 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 has a market capitalization of $100.35 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

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, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed 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 is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.10%. Intercontinental Exchange's dividend payout ratio (DPR) is 40.17%.

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.