Second Half Financial Partners LLC Has $1.90 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Second Half Financial Partners LLC reduced its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 25.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,731 shares of the financial services provider's stock after selling 4,323 shares during the quarter. Intercontinental Exchange accounts for 0.9% of Second Half Financial Partners LLC's holdings, making the stock its 25th biggest position. Second Half Financial Partners LLC's holdings in Intercontinental Exchange were worth $1,897,000 as of its most recent SEC filing.

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

Intercontinental Exchange Stock Up 1.1 %

Shares of NYSE ICE traded up $1.76 during mid-day trading on Wednesday, hitting $168.09. The company had a trading volume of 3,671,833 shares, compared to its average volume of 2,935,402. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The company has a market capitalization of $96.57 billion, a PE ratio of 35.17, a price-to-earnings-growth 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 firm has a 50-day simple moving average of $166.38 and a two-hundred day simple moving average of $160.49.

Intercontinental Exchange (NYSE:ICE - Get Free Report) 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 analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Bank of America reduced their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.47.

Insider Transactions at Intercontinental Exchange

In related news, insider Lynn C. Martin sold 4,155 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $165.60, for a total value of $688,068.00. Following the sale, the insider now owns 57,376 shares in the company, valued at approximately $9,501,465.60. This represents a 6.75 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the sale, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,931 shares of company stock worth $10,492,868 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

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.