Christopher Scott Edmonds Sells 6,834 Shares of Intercontinental Exchange, Inc. (NYSE:ICE) Stock

Intercontinental Exchange, Inc. (NYSE:ICE) insider Christopher Scott Edmonds sold 6,834 shares of the company’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Christopher Scott Edmonds also recently made the following trade(s):

• On Wednesday, January 15th, Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73.

Intercontinental Exchange Stock Up 0.0 %

ICE stock opened at $167.00 on Friday. 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 52-week low of $124.34 and a 52-week high of $169.78. The company has a 50-day moving average of $155.18 and a two-hundred day moving average of $157.99. The stock has a market capitalization of $95.95 billion, a price-to-earnings ratio of 34.94, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results 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 net margin of 23.42% and a return on equity of 12.95%. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.71 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 37.66%.

Institutional Investors Weigh In On Intercontinental Exchange

A number of hedge funds have recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Intercontinental Exchange in the third quarter valued at about $26,000. Financial Management Professionals Inc. lifted its stake in shares of Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after buying an additional 87 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Intercontinental Exchange in the third quarter valued at about $29,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Intercontinental Exchange in the third quarter valued at about $31,000. 89.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research reports. Keefe, Bruyette & Woods upped their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays increased their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Three equities research 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, the company currently has an average rating of “Moderate Buy” and an average target price of $178.80.

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.