Thrivent Financial for Lutherans Sells 27,051 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Thrivent Financial for Lutherans lowered its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 790,573 shares of the financial services provider’s stock after selling 27,051 shares during the quarter. Thrivent Financial for Lutherans owned 0.14% of Intercontinental Exchange worth $117,833,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ICE. Oppenheimer & Co. Inc. bought a new position in shares of Intercontinental Exchange during the 3rd quarter worth approximately $227,000. Empowered Funds LLC lifted its holdings in Intercontinental Exchange by 8.6% during the 3rd quarter. Empowered Funds LLC now owns 10,829 shares of the financial services provider’s stock worth $1,740,000 after purchasing an additional 854 shares in the last quarter. Adero Partners LLC bought a new position in shares of Intercontinental Exchange in the third quarter valued at approximately $224,000. Quest Partners LLC increased its holdings in shares of Intercontinental Exchange by 56.5% in the third quarter. Quest Partners LLC now owns 14,055 shares of the financial services provider’s stock worth $2,258,000 after purchasing an additional 5,074 shares during the period. Finally, LMR Partners LLP bought a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $467,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. UBS Group raised their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Barclays raised their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Insiders Place Their Bets

In other Intercontinental Exchange news, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. The trade was a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now directly owns 21,992 shares of the company’s stock, valued at $3,661,008.24. The trade was a 32.48 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,313 shares of company stock valued at $11,113,733. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Up 1.1 %

Shares of NYSE ICE opened at $172.92 on Tuesday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.41. The company has a 50 day simple moving average of $162.01 and a 200-day simple moving average of $159.72. The company has a market capitalization of $99.35 billion, a P/E ratio of 36.17, a P/E/G ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99.

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

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued 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 dividend yield of 1.11%. 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.