Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,051,479 shares of the financial services provider's stock after selling 10,819 shares during the period. Rhumbline Advisers owned approximately 0.18% of Intercontinental Exchange worth $156,681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. raised its holdings in Intercontinental Exchange by 13.8% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider's stock worth $82,000 after purchasing an additional 62 shares during the period. Raleigh Capital Management Inc. lifted its position in shares of Intercontinental Exchange by 26.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider's stock valued at $49,000 after buying an additional 63 shares in the last quarter. Integrated Advisors Network LLC grew its stake in shares of Intercontinental Exchange by 4.0% during the 3rd quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider's stock valued at $275,000 after acquiring an additional 66 shares during the period. Commons Capital LLC increased its holdings in 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 acquiring an additional 69 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in Intercontinental Exchange by 6.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider's stock worth $192,000 after acquiring an additional 70 shares during the period. 89.30% of the stock is owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 601 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73. Following the transaction, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,358 shares of company stock worth $5,535,650. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Trading Up 0.5 %

Shares of ICE stock traded up $0.79 during trading hours on Wednesday, hitting $167.29. The company had a trading volume of 727,248 shares, compared to its average volume of 2,925,187. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $96.12 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11. The company's fifty day moving average is $154.79 and its 200 day moving average is $157.87. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $169.78.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Research analysts expect that Intercontinental Exchange, Inc. will post 6.71 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders 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 dividend on an annualized basis and a yield of 1.15%. Intercontinental Exchange's payout ratio is currently 37.66%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on ICE shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Barclays upped their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Keefe, Bruyette & Woods raised their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Finally, UBS Group increased their target price 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $178.80.

Intercontinental Exchange Company 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.