Main Management ETF Advisors LLC Has $743,000 Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Main Management ETF Advisors LLC decreased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,984 shares of the financial services provider’s stock after selling 448 shares during the quarter. Main Management ETF Advisors LLC’s holdings in Intercontinental Exchange were worth $743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $25,000. Redwood Park Advisors LLC acquired a new stake in Intercontinental Exchange in the fourth quarter worth $33,000. Lee Danner & Bass Inc. acquired a new stake in Intercontinental Exchange in the fourth quarter worth $34,000. BankPlus Trust Department bought a new stake in Intercontinental Exchange in the fourth quarter valued at $40,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Intercontinental Exchange during the fourth quarter valued at about $44,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $171.04 on Thursday. Intercontinental Exchange, Inc. has a 52 week low of $131.79 and a 52 week high of $179.44. The company’s 50 day moving average price is $167.04 and its two-hundred day moving average price is $161.14. The stock has a market cap of $98.11 billion, a P/E ratio of 35.78, a P/E/G ratio of 2.10 and a beta of 1.12. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.48 earnings per share. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.12%. Intercontinental Exchange’s dividend payout ratio (DPR) is 39.75%.

Insiders Place Their Bets

In related news, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the sale, the director now owns 21,364 shares of the company’s stock, valued at approximately $3,396,876. This trade represents a 10.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. This trade represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,368 shares of company stock valued at $7,077,789 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ICE. JPMorgan Chase & Co. reduced their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Morgan Stanley raised their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a research note on Monday, May 5th. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. UBS Group increased 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. Finally, Barclays boosted their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an “overweight” rating in a research note on Friday, May 2nd. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average price target of $185.93.

Intercontinental Exchange Company 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.