Daymark Wealth Partners LLC Sells 10,119 Shares of Intercontinental Exchange Inc. $ICE

Daymark Wealth Partners LLC trimmed its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 43.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,979 shares of the financial services provider’s stock after selling 10,119 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Intercontinental Exchange were worth $2,102,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Holos Integrated Wealth LLC bought a new position in Intercontinental Exchange in the 4th quarter worth about $28,000. Private Wealth Management Group LLC increased its position in shares of Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after buying an additional 66 shares during the period. Knuff & Co LLC increased its position in shares of Intercontinental Exchange by 73.3% during the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after buying an additional 74 shares during the period. Caitlin John LLC purchased a new stake in shares of Intercontinental Exchange in the third quarter worth about $32,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Intercontinental Exchange by 128.6% in the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock worth $46,000 after buying an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.6%

Shares of NYSE ICE opened at $156.83 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average of $163.29 and a 200-day moving average of $161.23. The firm has a market capitalization of $89.06 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 1.68 and a beta of 1.03. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last announced its 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 business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the firm posted $1.52 earnings per share. Intercontinental Exchange’s quarterly revenue was up 7.8% on a year-over-year basis. Sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.52 per share. The ex-dividend date 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 36.05%.

Analyst Ratings Changes

Several brokerages recently commented on ICE. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $180.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Morgan Stanley set a $183.00 price target on shares of Intercontinental Exchange and gave the company an “equal weight” rating in a report on Tuesday, February 10th. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Finally, Barclays set a $193.00 price target on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus target price of $194.73.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 11,303 shares of the stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $153.82, for a total value of $1,738,627.46. Following the transaction, the insider owned 14,266 shares of the company’s stock, valued at $2,194,396.12. This represents a 44.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 3,865 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.73, for a total value of $594,166.45. Following the sale, the president owned 165,304 shares in the company, valued at $25,412,183.92. The trade was a 2.28% decrease in their position. 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 worth $54,196,631. Corporate insiders own 1.00% of the company’s stock.

Intercontinental Exchange Company 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.