Coastline Trust Co Sells 380 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Coastline Trust Co decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,097 shares of the financial services provider’s stock after selling 380 shares during the quarter. Coastline Trust Co’s holdings in Intercontinental Exchange were worth $2,399,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Sierra Ocean LLC acquired a new position in Intercontinental Exchange during the 4th quarter valued at about $25,000. Redwood Park Advisors LLC acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $33,000. Lee Danner & Bass Inc. bought a new position in shares of Intercontinental Exchange during the fourth quarter worth about $34,000. BankPlus Trust Department bought a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in Intercontinental Exchange during the fourth quarter worth $45,000. Institutional investors own 89.30% of the company’s stock.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, insider Lynn C. Martin sold 4,155 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $165.60, for a total transaction of $688,068.00. Following the completion of the transaction, the insider now directly owns 57,376 shares in the company, valued at approximately $9,501,465.60. This represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,931 shares of company stock valued at $10,492,868. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ICE. UBS Group lifted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $182.47.

Intercontinental Exchange Stock Down 0.1 %

Shares of ICE opened at $158.34 on Friday. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $177.45. The business’s 50 day moving average is $167.10 and its 200 day moving average is $160.49. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $90.97 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results 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 net margin of 23.42% and a return on equity of 12.95%. Research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders 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 dividend yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s 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.