Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Allred Capital Management LLC

Allred Capital Management LLC trimmed its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 75.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,957 shares of the financial services provider's stock after selling 5,886 shares during the period. Allred Capital Management LLC's holdings in Intercontinental Exchange were worth $292,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Strategic Advisors LLC raised its holdings in Intercontinental Exchange by 5.1% in the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock worth $201,000 after purchasing an additional 66 shares during the period. Commons Capital LLC increased its stake in Intercontinental Exchange by 1.2% in the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider's stock worth $886,000 after acquiring an additional 69 shares during the last quarter. Brooklyn Investment Group raised its stake in Intercontinental Exchange by 2.2% during the fourth quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider's stock valued at $475,000 after purchasing an additional 70 shares in the last quarter. Clear Harbor Asset Management LLC lifted its holdings in shares of Intercontinental Exchange by 3.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider's stock valued at $294,000 after acquiring an additional 70 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its position in shares of Intercontinental Exchange by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after purchasing an additional 71 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Trading Down 0.6 %

ICE stock traded down $0.97 during trading on Wednesday, reaching $159.71. 1,162,149 shares of the stock were exchanged, compared to its average volume of 2,924,212. The firm has a market capitalization of $91.75 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 2.10 and a beta of 1.09. 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 business has a 50 day moving average price of $166.71 and a 200-day moving average price of $160.41. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts' consensus estimates 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, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is currently 40.17%.

Analyst Ratings Changes

A number of analysts recently weighed in on ICE shares. Keefe, Bruyette & Woods increased their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. UBS Group upped their price target 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. 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 restated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, Barclays boosted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus target price of $182.47.

Insider Transactions at Intercontinental Exchange

In other news, SVP Douglas Foley sold 10,580 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 21,992 shares of the company's stock, valued at approximately $3,661,008.24. This represents a 32.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 17,104 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the sale, the president now owns 155,174 shares of the company's stock, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their position. 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. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Company 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.