Yousif Capital Management LLC Sells 3,408 Shares of Intercontinental Exchange Inc. $ICE

Yousif Capital Management LLC lessened its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 70,207 shares of the financial services provider’s stock after selling 3,408 shares during the period. Yousif Capital Management LLC’s holdings in Intercontinental Exchange were worth $12,002,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ICE. Holos Integrated Wealth LLC bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $28,000. Dorato Capital Management bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $29,000. Private Wealth Management Group LLC boosted its stake in shares of Intercontinental Exchange by 59.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 66 shares during the last quarter. Caitlin John LLC bought a new position in Intercontinental Exchange during the 3rd quarter worth approximately $32,000. Finally, Cornerstone Planning Group LLC boosted its stake in Intercontinental Exchange by 128.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $167.97 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. Intercontinental Exchange Inc. has a twelve month low of $143.17 and a twelve month high of $189.35. The firm’s 50 day moving average price is $160.79 and its two-hundred day moving average price is $160.40. The firm has a market cap of $95.14 billion, a P/E ratio of 29.11, a PEG ratio of 1.75 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, analysts forecast that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.2%. Intercontinental Exchange’s payout ratio is presently 36.05%.

Insider Transactions at Intercontinental Exchange

In other news, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $155.00, for a total value of $23,250,000.00. Following the sale, the chief executive officer directly owned 1,651,705 shares in the company, valued at $256,014,275. This trade represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Mayur Kapani sold 15,213 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $155.02, for a total transaction of $2,358,319.26. Following the completion of the sale, the chief technology officer owned 64,869 shares in the company, valued at $10,055,992.38. This trade represents a 19.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 348,418 shares of company stock valued at $54,196,631. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ICE shares. UBS Group reissued a “buy” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Monday, February 9th. Barclays lifted their price objective on shares of Intercontinental Exchange from $193.00 to $198.00 and gave the stock an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research note on Friday, March 6th. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Finally, Morgan Stanley set a $183.00 price objective on shares of Intercontinental Exchange and gave the stock an “equal weight” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Buy” and an average target price of $191.80.

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.