Intercontinental Exchange Inc. $ICE Shares Sold by Moody Lynn & Lieberson LLC

Moody Lynn & Lieberson LLC cut its stake in Intercontinental Exchange Inc. (NYSE:ICE) by 94.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,667 shares of the financial services provider’s stock after selling 73,468 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Intercontinental Exchange were worth $756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of Intercontinental Exchange by 64.7% during the third quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock worth $1,744,480,000 after purchasing an additional 4,067,922 shares in the last quarter. Sands Capital Management LLC lifted its holdings in shares of Intercontinental Exchange by 97.3% in the 2nd quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after purchasing an additional 2,620,310 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Intercontinental Exchange by 179.1% in the 3rd quarter. Mawer Investment Management Ltd. now owns 2,472,366 shares of the financial services provider’s stock valued at $416,544,000 after purchasing an additional 1,586,620 shares during the period. Waverton Investment Management Ltd boosted its position in shares of Intercontinental Exchange by 28,886.8% in the 3rd quarter. Waverton Investment Management Ltd now owns 1,526,734 shares of the financial services provider’s stock valued at $257,163,000 after purchasing an additional 1,521,467 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Intercontinental Exchange by 55.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,781,542 shares of the financial services provider’s stock worth $510,330,000 after buying an additional 994,316 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ICE. Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th. Raymond James Financial reissued a “strong-buy” rating and issued a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. UBS Group reaffirmed a “buy” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Monday, February 9th. Finally, Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Buy” and an average price target of $194.73.

Insider Activity

In other Intercontinental Exchange news, insider Lynn C. Martin sold 13,456 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the completion of the transaction, the insider owned 54,319 shares in the company, valued at approximately $8,357,521.34. This represents a 19.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Scott Edmonds sold 11,303 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the completion of the sale, the insider owned 14,266 shares of the company’s stock, valued at $2,194,396.12. This trade represents a 44.21% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 348,418 shares of company stock valued at $54,196,631. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $156.97 on Wednesday. The stock’s 50-day moving average price is $161.89 and its 200 day moving average price is $160.63. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $89.15 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. Intercontinental Exchange Inc. has a 52-week low of $143.17 and a 52-week high of $189.35.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

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

About Intercontinental Exchange

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.