Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 58.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,865,597 shares of the financial services provider's stock after selling 5,459,619 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 0.67% of Intercontinental Exchange worth $576,013,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ICE. Sierra Ocean LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at $25,000. Redwood Park Advisors LLC purchased a new position in Intercontinental Exchange in the 4th quarter worth approximately $33,000. Lee Danner & Bass Inc. bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $34,000. BankPlus Trust Department bought a new position in shares of Intercontinental Exchange during the fourth quarter worth $40,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Intercontinental Exchange during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now owns 147,274 shares of the company's stock, valued at $25,247,181.82. The trade was a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now directly owns 17,972 shares in the company, valued at $3,001,144.28. This trade represents a 27.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,931 shares of company stock valued at $10,492,868. Company insiders own 1.00% of the company's stock.

Analyst Ratings Changes

ICE has been the subject of several research reports. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. UBS Group upped their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Keefe, Bruyette & Woods increased their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of "Moderate Buy" and an average price target of $182.47.

Intercontinental Exchange Trading Down 0.1 %

Shares of NYSE:ICE traded down $0.15 during trading on Monday, reaching $163.08. 502,364 shares of the company were exchanged, compared to its average volume of 2,920,643. The business's fifty day simple moving average is $166.46 and its 200-day simple moving average is $160.44. 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, Inc. has a 12-month low of $124.34 and a 12-month high of $177.45. The firm has a market capitalization of $93.69 billion, a PE ratio of 34.10, a P/E/G ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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 anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm 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 dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.18%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is 40.17%.

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.