Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Coastline Trust Co

Coastline Trust Co lowered its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,097 shares of the financial services provider’s stock after selling 380 shares during the period. Coastline Trust Co’s holdings in Intercontinental Exchange were worth $2,399,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at about $25,000. Redwood Park Advisors LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $33,000. Lee Danner & Bass Inc. acquired a new position in Intercontinental Exchange during the 4th quarter worth about $34,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $40,000. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth $45,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $158.34 on Friday. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The stock has a market cap of $90.97 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The business’s fifty day moving average price is $167.10 and its two-hundred day moving average price is $160.49. 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 (NYSE:ICE) last announced 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 net margin of 23.42% and a return on equity of 12.95%. On average, analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.21%. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Insider Transactions at Intercontinental Exchange

In other news, 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 sale, the senior vice president now owns 21,992 shares of the company’s stock, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lynn C. Martin sold 4,155 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total transaction of $688,068.00. Following the completion of the sale, the insider now owns 57,376 shares in the company, valued at $9,501,465.60. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,931 shares of company stock valued at $10,492,868. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. 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 note on Friday, February 7th. Keefe, Bruyette & Woods lifted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. UBS Group boosted their price target 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. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently 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.