Pecaut & CO. Sells 1,200 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Pecaut & CO. lowered its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,050 shares of the financial services provider’s stock after selling 1,200 shares during the quarter. Intercontinental Exchange accounts for about 1.0% of Pecaut & CO.’s holdings, making the stock its 25th largest position. Pecaut & CO.’s holdings in Intercontinental Exchange were worth $2,839,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ICE. Janus Henderson Group PLC lifted its position in shares of Intercontinental Exchange by 326.3% in the 3rd quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider’s stock worth $726,196,000 after acquiring an additional 3,460,096 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth approximately $406,728,000. FMR LLC lifted its position in shares of Intercontinental Exchange by 44.1% in the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider’s stock worth $1,260,449,000 after acquiring an additional 2,401,630 shares during the period. Swedbank AB lifted its position in shares of Intercontinental Exchange by 2,293.3% in the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider’s stock worth $330,171,000 after acquiring an additional 2,123,185 shares during the period. Finally, AMF Tjanstepension AB lifted its position in shares of Intercontinental Exchange by 1,237.7% in the 4th quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider’s stock worth $253,591,000 after acquiring an additional 1,574,386 shares during the period. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 1.1 %

NYSE:ICE opened at $175.61 on Friday. The stock’s fifty day moving average price is $163.66 and its two-hundred day moving average price is $160.00. The company has a market cap of $100.90 billion, a price-to-earnings ratio of 36.74, a P/E/G ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $175.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. Intercontinental Exchange’s payout ratio is 40.17%.

Insider Buying and Selling

In related news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now directly owns 12,922 shares in the company, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the sale, the president now owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. The trade was a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock worth $10,998,990 over the last three months. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ICE has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Three investment 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

About Intercontinental Exchange

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.