Checchi Capital Advisers LLC Sells 295 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Checchi Capital Advisers LLC decreased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,975 shares of the financial services provider’s stock after selling 295 shares during the period. Checchi Capital Advisers LLC’s holdings in Intercontinental Exchange were worth $890,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. National Pension Service raised its position in shares of Intercontinental Exchange by 19.1% during the 4th quarter. National Pension Service now owns 1,239,140 shares of the financial services provider’s stock valued at $184,644,000 after acquiring an additional 198,311 shares during the last quarter. Fjell Capital LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $864,000. Kirtland Hills Capital Management LLC raised its position in shares of Intercontinental Exchange by 1.0% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 14,253 shares of the financial services provider’s stock valued at $2,124,000 after acquiring an additional 141 shares during the last quarter. Sprott Inc. raised its position in shares of Intercontinental Exchange by 2.4% during the 4th quarter. Sprott Inc. now owns 3,085 shares of the financial services provider’s stock valued at $460,000 after acquiring an additional 73 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its position in shares of Intercontinental Exchange by 16.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 26,999 shares of the financial services provider’s stock valued at $4,023,000 after acquiring an additional 3,903 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 17,104 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the sale, the president now directly owns 155,174 shares in the company, valued at approximately $25,855,091.88. This trade represents a 9.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the sale, the senior vice president now owns 21,992 shares of the company’s stock, valued at $3,661,008.24. This trade represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,368 shares of company stock worth $9,908,492 in the last three months. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ICE. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods upped their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered 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 report on Friday, January 17th. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Three 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, Intercontinental Exchange has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Trading Down 0.3 %

Intercontinental Exchange stock opened at $170.74 on Thursday. The firm has a 50-day moving average of $156.50 and a 200-day moving average of $158.54. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $172.63. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $98.10 billion, a price-to-earnings ratio of 35.72, a P/E/G ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 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 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.12%. Intercontinental Exchange’s dividend 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.