Capital International Inc. CA Sells 21,365 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Capital International Inc. CA cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 69.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,196 shares of the financial services provider's stock after selling 21,365 shares during the period. Capital International Inc. CA's holdings in Intercontinental Exchange were worth $1,370,000 as of its most recent filing with the SEC.

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

Insider Activity

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Douglas Foley sold 10,580 shares of the firm's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the sale, the senior vice president now directly owns 21,992 shares in the company, valued at approximately $3,661,008.24. This represents a 32.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,931 shares of company stock worth $10,492,868. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Price Performance

NYSE:ICE traded up $0.42 during trading hours on Friday, reaching $163.40. 1,642,782 shares of the company were exchanged, compared to its average volume of 2,927,987. The business has a 50 day moving average of $166.46 and a 200 day moving average of $160.45. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $177.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $93.87 billion, a P/E ratio of 34.18, a P/E/G ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released 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 return on equity of 12.95% and a net margin of 23.42%. Research analysts forecast 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 issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ICE. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Bank of America cut their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Barclays lifted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.