Keybank National Association OH Sells 4,235 Shares of Intercontinental Exchange Inc. $ICE

Keybank National Association OH reduced its position in Intercontinental Exchange Inc. (NYSE:ICE) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,824 shares of the financial services provider’s stock after selling 4,235 shares during the period. Keybank National Association OH owned approximately 0.06% of Intercontinental Exchange worth $56,981,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ICE. Ares Financial Consulting LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at $25,000. Holos Integrated Wealth LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $28,000. Steph & Co. raised its holdings in shares of Intercontinental Exchange by 104.7% in the 4th quarter. Steph & Co. now owns 174 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 89 shares during the last quarter. Dorato Capital Management acquired a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $29,000. Finally, Caitlin John LLC bought a new position in Intercontinental Exchange in the 3rd quarter valued at about $32,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In other news, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $155.00, for a total transaction of $23,250,000.00. Following the completion of the sale, the chief executive officer owned 1,651,705 shares in the company, valued at $256,014,275. This trade represents a 8.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lynn C. Martin sold 13,456 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the completion of the sale, the insider directly owned 54,319 shares in the company, valued at $8,357,521.34. This trade represents a 19.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 348,418 shares of company stock worth $54,196,631. 0.84% of the stock is owned by insiders.

Intercontinental Exchange Trading Down 0.5%

NYSE ICE opened at $156.24 on Wednesday. The stock has a market capitalization of $88.50 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.63 and a beta of 1.03. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. The business’s fifty day moving average is $160.11 and its 200-day moving average is $160.03.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts predict that Intercontinental Exchange Inc. will post 8.06 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 36.05%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ICE shares. Weiss Ratings downgraded Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday. Keefe, Bruyette & Woods assumed coverage on Intercontinental Exchange in a report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a research report on Friday, March 6th. Morgan Stanley upped their price target on Intercontinental Exchange from $183.00 to $187.00 and gave the stock an “equal weight” rating in a report on Friday, April 10th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $193.80.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.