Intercontinental Exchange Inc. $ICE Shares Sold by US Bancorp DE

US Bancorp DE lessened its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICEFree Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 121,652 shares of the financial services provider’s stock after selling 4,359 shares during the period. US Bancorp DE’s holdings in Intercontinental Exchange were worth $19,703,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. ICONIQ Capital LLC raised its stake in Intercontinental Exchange by 2.2% in the second quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after buying an additional 56 shares during the last quarter. Mechanics Financial Corp grew its stake in shares of Intercontinental Exchange by 1.0% during the fourth quarter. Mechanics Financial Corp now owns 6,138 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 60 shares during the last quarter. Aaron Wealth Advisors LLC increased its holdings in shares of Intercontinental Exchange by 1.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 3,384 shares of the financial services provider’s stock valued at $548,000 after acquiring an additional 63 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Intercontinental Exchange by 1.5% during the fourth quarter. Evergreen Capital Management LLC now owns 4,207 shares of the financial services provider’s stock valued at $681,000 after acquiring an additional 63 shares in the last quarter. Finally, Sather Financial Group Inc raised its position in shares of Intercontinental Exchange by 4.7% in the 4th quarter. Sather Financial Group Inc now owns 1,440 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE opened at $155.04 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. Intercontinental Exchange Inc. has a 12-month low of $143.17 and a 12-month high of $189.35. The firm has a 50 day moving average of $160.21 and a two-hundred day moving average of $159.99. The firm has a market capitalization of $87.82 billion, a PE ratio of 26.87, a P/E/G ratio of 1.64 and a beta of 0.96.

Intercontinental Exchange (NYSE:ICEGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 EPS for the quarter, beating the consensus estimate of $2.23 by $0.12. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.88 billion. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 EPS. On average, analysts anticipate that Intercontinental Exchange Inc. will post 8.1 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 36.05%.

Wall Street Analyst Weigh In

ICE has been the topic of several research analyst reports. Barclays reissued an “overweight” rating and set a $201.00 target price (up from $198.00) on shares of Intercontinental Exchange in a research report on Friday. Royal Bank Of Canada reiterated an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings lowered Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Buy” and a consensus price target of $194.10.

Check Out Our Latest Stock Report on Intercontinental Exchange

Key Headlines Impacting Intercontinental Exchange

Here are the key news stories impacting Intercontinental Exchange this week:

Insider Activity at Intercontinental Exchange

In related news, insider Lynn C. Martin sold 13,456 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the sale, the insider directly owned 54,319 shares of the company’s stock, valued at $8,357,521.34. This trade represents a 19.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Benjamin Jackson sold 3,865 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $153.73, for a total value of $594,166.45. Following the transaction, the president owned 165,304 shares of the company’s stock, valued at approximately $25,412,183.92. This represents a 2.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 348,418 shares of company stock worth $54,196,631 in the last three months. Company insiders own 0.84% of the company’s stock.

Intercontinental Exchange Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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