Tiff Advisory Services LLC Sells 26,788 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Tiff Advisory Services LLC decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 61.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,123 shares of the financial services provider's stock after selling 26,788 shares during the quarter. Intercontinental Exchange accounts for approximately 0.8% of Tiff Advisory Services LLC's holdings, making the stock its 14th largest holding. Tiff Advisory Services LLC's holdings in Intercontinental Exchange were worth $2,551,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Mission Wealth Management LP boosted its position in Intercontinental Exchange by 1.5% during the 4th quarter. Mission Wealth Management LP now owns 11,595 shares of the financial services provider's stock worth $1,728,000 after acquiring an additional 167 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. lifted its position in shares of Intercontinental Exchange by 0.3% in the fourth quarter. Woodley Farra Manion Portfolio Management Inc. now owns 438,234 shares of the financial services provider's stock worth $65,301,000 after purchasing an additional 1,527 shares in the last quarter. Quintet Private Bank Europe S.A. boosted its holdings in Intercontinental Exchange by 165.0% during the fourth quarter. Quintet Private Bank Europe S.A. now owns 1,354 shares of the financial services provider's stock worth $202,000 after purchasing an additional 843 shares during the last quarter. LGT Fund Management Co Ltd. grew its position in Intercontinental Exchange by 29.8% in the fourth quarter. LGT Fund Management Co Ltd. now owns 60,122 shares of the financial services provider's stock valued at $8,959,000 after purchasing an additional 13,795 shares in the last quarter. Finally, LGT Group Foundation increased its stake in Intercontinental Exchange by 10.5% in the 4th quarter. LGT Group Foundation now owns 428,079 shares of the financial services provider's stock valued at $63,788,000 after buying an additional 40,790 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on ICE. Deutsche Bank Aktiengesellschaft raised their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods raised their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Barclays increased their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, UBS Group boosted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and a consensus target price of $178.80.

Intercontinental Exchange Stock Performance

ICE stock traded up $1.71 during mid-day trading on Wednesday, hitting $171.56. 2,136,085 shares of the company were exchanged, compared to its average volume of 2,578,384. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $175.41. The stock has a market capitalization of $98.57 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The business has a 50 day simple moving average of $158.26 and a 200-day simple moving average of $159.03. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

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%. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 17,104 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the transaction, the president now owns 155,174 shares in the company, valued at $25,855,091.88. This trade represents a 9.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now owns 17,972 shares of the company's stock, valued at approximately $3,001,144.28. The trade was a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,268 shares of company stock valued at $11,262,789 in the last quarter. Company insiders own 1.10% of the company's stock.

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.