Insider Selling: Intercontinental Exchange, Inc. (NYSE:ICE) CAO Sells 612 Shares of Stock

Intercontinental Exchange, Inc. (NYSE:ICE - Get Free Report) CAO James W. Namkung sold 612 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $180.00, for a total value of $110,160.00. Following the completion of the transaction, the chief accounting officer now owns 13,220 shares of the company's stock, valued at $2,379,600. This trade represents a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE traded down $0.88 on Thursday, hitting $178.25. The company's stock had a trading volume of 98,786 shares, compared to its average volume of 3,003,841. The company has a 50-day simple moving average of $168.33 and a 200 day simple moving average of $163.12. Intercontinental Exchange, Inc. has a 1 year low of $132.93 and a 1 year high of $180.89. The company has a market capitalization of $102.25 billion, a PE ratio of 37.26, a PEG ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the company earned $1.48 EPS. The company's revenue was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.08%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 39.75%.

Analyst Ratings Changes

A number of research analysts have issued reports on ICE shares. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Barclays upped their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley upped their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. UBS Group upped their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $188.46.

Institutional Investors Weigh In On Intercontinental Exchange

Several institutional investors and hedge funds have recently bought and sold shares of ICE. Kestra Private Wealth Services LLC raised its stake in Intercontinental Exchange by 6.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock valued at $11,022,000 after buying an additional 4,787 shares during the last quarter. Governors Lane LP grew its holdings in Intercontinental Exchange by 88.0% during the fourth quarter. Governors Lane LP now owns 127,100 shares of the financial services provider's stock valued at $18,939,000 after purchasing an additional 59,500 shares during the period. Avantra Family Wealth Inc. purchased a new position in shares of Intercontinental Exchange in the fourth quarter valued at about $702,000. National Pension Service lifted its position in shares of Intercontinental Exchange by 19.1% in the fourth quarter. National Pension Service now owns 1,239,140 shares of the financial services provider's stock valued at $184,644,000 after acquiring an additional 198,311 shares in the last quarter. Finally, Hahn Capital Management LLC lifted its position in shares of Intercontinental Exchange by 69.8% in the fourth quarter. Hahn Capital Management LLC now owns 71,134 shares of the financial services provider's stock worth $10,600,000 after buying an additional 29,233 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

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.