Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Texas Yale Capital Corp.

Texas Yale Capital Corp. lessened its position in Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,213 shares of the financial services provider’s stock after selling 485 shares during the period. Texas Yale Capital Corp.’s holdings in Intercontinental Exchange were worth $2,730,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cowa LLC bought a new position in Intercontinental Exchange in the 3rd quarter valued at about $27,000. IMA Wealth Inc. bought a new position in shares of Intercontinental Exchange during the 2nd quarter valued at about $28,000. WASHINGTON TRUST Co boosted its position in shares of Intercontinental Exchange by 173.9% during the 3rd quarter. WASHINGTON TRUST Co now owns 315 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 200 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Intercontinental Exchange by 48.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 319 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 104 shares in the last quarter. Finally, Evoke Wealth LLC boosted its position in shares of Intercontinental Exchange by 53.8% during the 3rd quarter. Evoke Wealth LLC now owns 346 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 87.28% of the company’s stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,500 shares of Intercontinental Exchange stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $105.00, for a total transaction of $262,500.00. Following the completion of the sale, the general counsel now owns 40,507 shares of the company’s stock, valued at $4,253,235. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 2,500 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $105.00, for a total value of $262,500.00. Following the completion of the sale, the general counsel now owns 40,507 shares of the company’s stock, valued at approximately $4,253,235. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $105.98, for a total value of $169,568.00. Following the completion of the sale, the senior vice president now directly owns 20,934 shares of the company’s stock, valued at approximately $2,218,585.32. The disclosure for this sale can be found here. Insiders sold a total of 34,100 shares of company stock valued at $3,593,168 over the last 90 days. Insiders own 1.30% of the company’s stock.

Intercontinental Exchange Trading Up 0.0 %

Intercontinental Exchange stock traded up $0.02 during trading hours on Thursday, hitting $109.03. The stock had a trading volume of 1,308,493 shares, compared to its average volume of 2,142,336. Intercontinental Exchange, Inc. has a one year low of $88.60 and a one year high of $137.40. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.81. The stock has a market cap of $60.90 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 3.62 and a beta of 0.91. The business’s 50 day simple moving average is $105.36 and its 200-day simple moving average is $101.38.

Intercontinental Exchange (NYSE:ICE – Get Rating) last announced its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.05. Intercontinental Exchange had a return on equity of 13.38% and a net margin of 26.58%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.79 billion. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 5.31 EPS for the current fiscal year.

Intercontinental Exchange Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be paid a dividend of $0.42 per share. The ex-dividend date is Thursday, March 16th. This represents a $1.68 annualized dividend and a yield of 1.54%. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.38. Intercontinental Exchange’s payout ratio is 33.70%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ICE shares. Raymond James raised their target price on shares of Intercontinental Exchange from $123.00 to $130.00 and gave the stock a “strong-buy” rating in a report on Tuesday, December 6th. Morgan Stanley increased their price target on shares of Intercontinental Exchange from $116.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 11th. UBS Group reduced their price target on shares of Intercontinental Exchange from $128.00 to $116.00 and set a “buy” rating for the company in a research report on Thursday, October 6th. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $125.00 to $127.00 and gave the company an “outperform” rating in a research report on Thursday, January 12th. Finally, TheStreet upgraded Intercontinental Exchange from a “c+” rating to a “b-” rating in a report on Wednesday, January 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.25.

Intercontinental Exchange Company Profile

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Intercontinental Exchange, Inc engages in the provision of market infrastructure, data services and technology solutions. It operates through the following segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology. The Exchanges segment includes trading and listing revenue from the global futures network, the New York Stock Exchange and other registered securities exchanges.