World Investment Advisors Decreases Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

World Investment Advisors lowered its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 75.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,925 shares of the financial services provider's stock after selling 40,021 shares during the quarter. World Investment Advisors' holdings in Intercontinental Exchange were worth $1,926,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at approximately $34,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange in the fourth quarter valued at approximately $40,000. Mountain Hill Investment Partners Corp. acquired a new stake in Intercontinental Exchange during the fourth quarter worth $45,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at $51,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock traded down $3.88 during midday trading on Thursday, reaching $152.93. The company's stock had a trading volume of 1,384,600 shares, compared to its average volume of 2,901,250. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The stock's 50 day simple moving average is $167.97 and its 200 day simple moving average is $160.57. The firm has a market capitalization of $87.86 billion, a PE ratio of 31.92, a P/E/G ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued 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 return on equity of 12.95% and a net margin of 23.42%. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.26%. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction dated 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 sale, the president now owns 155,174 shares of the company's stock, valued at approximately $25,855,091.88. This trade represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock valued at $10,998,990 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

ICE has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective 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. Bank of America lowered their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. UBS Group boosted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays increased their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus price target of $182.47.

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.