Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lessened its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 58.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,865,597 shares of the financial services provider's stock after selling 5,459,619 shares during the period. T. Rowe Price Investment Management Inc. owned 0.67% of Intercontinental Exchange worth $576,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Intercontinental Exchange in the 4th quarter worth approximately $25,000. Redwood Park Advisors LLC bought a new position in Intercontinental Exchange during the fourth quarter valued at $33,000. Lee Danner & Bass Inc. purchased a new position in shares of Intercontinental Exchange in the 4th quarter worth $34,000. BankPlus Trust Department bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ICE shares. UBS Group raised 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. JPMorgan Chase & Co. cut their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays raised their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $182.47.

Insider Activity at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 10,580 shares of the business's stock in a transaction on 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 transaction, the senior vice president now owns 21,992 shares in the company, valued at approximately $3,661,008.24. This trade represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,931 shares of company stock valued at $10,492,868 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Up 0.3 %

NYSE:ICE traded up $0.42 during mid-day trading on Friday, reaching $163.40. The company's stock had a trading volume of 1,642,782 shares, compared to its average volume of 2,927,985. 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, Inc. has a 1 year low of $124.34 and a 1 year high of $177.45. The stock has a fifty day moving average of $166.46 and a 200-day moving average of $160.45. The firm has a market capitalization of $93.87 billion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is currently 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.