Alpine Woods Capital Investors LLC Sells 5,865 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Alpine Woods Capital Investors LLC lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,630 shares of the financial services provider’s stock after selling 5,865 shares during the period. Intercontinental Exchange accounts for approximately 1.1% of Alpine Woods Capital Investors LLC’s investment portfolio, making the stock its 27th biggest holding. Alpine Woods Capital Investors LLC’s holdings in Intercontinental Exchange were worth $5,905,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $25,000. FSA Wealth Management LLC acquired a new stake in Intercontinental Exchange during the third quarter worth approximately $31,000. BankPlus Trust Department acquired a new stake in Intercontinental Exchange during the fourth quarter worth approximately $40,000. Planning Capital Management Corp grew its position in Intercontinental Exchange by 96.7% during the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after buying an additional 147 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Intercontinental Exchange during the fourth quarter worth approximately $51,000. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other news, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the transaction, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 67,313 shares of company stock valued at $11,113,733 in the last three months. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Stock Up 0.0 %

Shares of NYSE:ICE opened at $169.06 on Friday. The firm has a market cap of $97.13 billion, a P/E ratio of 35.37, a P/E/G ratio of 2.10 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $175.41. The business has a fifty day simple moving average of $161.04 and a 200 day simple moving average of $159.57.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

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

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.