Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Twin Capital Management Inc.

Twin Capital Management Inc. decreased its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,611 shares of the financial services provider's stock after selling 1,958 shares during the quarter. Twin Capital Management Inc.'s holdings in Intercontinental Exchange were worth $985,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in Intercontinental Exchange during the fourth quarter worth $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $34,000. BankPlus Trust Department purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth about $40,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth about $45,000. Finally, Golden State Wealth Management LLC bought a new position in Intercontinental Exchange during the 4th quarter valued at about $51,000. Institutional investors own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction 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 completion of the sale, the insider now owns 12,922 shares in the company, valued at approximately $1,908,967.06. This represents a 4.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of the business's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now owns 66,548 shares in the company, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,563 shares of company stock valued at $10,998,990. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange Stock Up 0.5 %

Shares of NYSE ICE traded up $0.73 during midday trading on Friday, reaching $155.92. 2,786,452 shares of the company's stock traded hands, compared to its average volume of 2,917,672. The company has a market cap of $89.57 billion, a price-to-earnings ratio of 32.62, a P/E/G ratio of 2.10 and a beta of 1.09. The stock's 50 day simple moving average is $167.80 and its 200-day simple moving average is $160.54. 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 one year low of $124.34 and a one year high of $177.45.

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 (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%. On average, analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.23%. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

Analysts Set New Price Targets

Several research analysts have issued reports on ICE shares. UBS Group boosted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Barclays upped 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. Keefe, Bruyette & Woods lifted their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Finally, Bank of America cut their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Three research 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $182.47.

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.