Christopher Scott Edmonds Sells 6,834 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) insider Christopher Scott Edmonds sold 6,834 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the transaction, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Christopher Scott Edmonds also recently made the following trade(s):

• On Wednesday, January 15th, Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock. The stock was sold at an average price of $147.73, for a total value of $88,785.73.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $168.04 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $96.55 billion, a PE ratio of 35.15, a P/E/G ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $169.78. The stock has a 50-day moving average price of $155.42 and a two-hundred day moving average price of $158.18.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 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%. Analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current 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 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 yield of 1.14%. Intercontinental Exchange’s dividend payout ratio is presently 37.66%.

Hedge Funds Weigh In On Intercontinental Exchange

Large investors have recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Intercontinental Exchange in the fourth quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new position in shares of Intercontinental Exchange during the third quarter worth about $26,000. Financial Management Professionals Inc. raised its position in shares of Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 87 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Intercontinental Exchange during the third quarter worth about $29,000. Finally, FSA Wealth Management LLC bought a new position in shares of Intercontinental Exchange during the third quarter worth about $31,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ICE. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. reduced their target price on 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 target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. UBS Group increased their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $178.80.

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.