Capital Group International Inc. CA Sells 9,385 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Capital Group International Inc. CA lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,564 shares of the financial services provider’s stock after selling 9,385 shares during the quarter. Capital Group International Inc. CA’s holdings in Intercontinental Exchange were worth $18,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in ICE. Benjamin Edwards Inc. raised its position in Intercontinental Exchange by 5.6% in the first quarter. Benjamin Edwards Inc. now owns 1,703 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 90 shares during the period. Leuthold Group LLC lifted its position in Intercontinental Exchange by 0.3% during the 1st quarter. Leuthold Group LLC now owns 31,367 shares of the financial services provider’s stock worth $4,144,000 after acquiring an additional 92 shares during the period. Oak Asset Management LLC lifted its position in Intercontinental Exchange by 0.5% during the 1st quarter. Oak Asset Management LLC now owns 20,176 shares of the financial services provider’s stock worth $2,666,000 after acquiring an additional 95 shares during the period. Glassman Wealth Services raised its stake in shares of Intercontinental Exchange by 11.8% during the 4th quarter. Glassman Wealth Services now owns 909 shares of the financial services provider’s stock worth $124,000 after buying an additional 96 shares in the last quarter. Finally, Executive Wealth Management LLC raised its stake in shares of Intercontinental Exchange by 0.9% during the 1st quarter. Executive Wealth Management LLC now owns 10,861 shares of the financial services provider’s stock worth $1,434,000 after buying an additional 96 shares in the last quarter. Institutional investors own 87.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of analyst reports. Atlantic Securities increased their target price on Intercontinental Exchange from $120.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 19th. UBS Group dropped their target price on Intercontinental Exchange from $134.00 to $126.00 in a research report on Monday, July 11th. Argus lowered their price objective on Intercontinental Exchange from $148.00 to $138.00 in a report on Wednesday, June 1st. Rosenblatt Securities began coverage on Intercontinental Exchange in a research note on Tuesday, August 16th. They issued a “buy” rating and a $164.00 target price for the company. Finally, Raymond James dropped their target price on Intercontinental Exchange from $142.00 to $126.00 and set a “strong-buy” rating on the stock in a report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $136.75.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $99.86 on Thursday. Intercontinental Exchange, Inc. has a 12 month low of $90.05 and a 12 month high of $139.79. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.79. The company’s fifty day simple moving average is $102.03 and its 200 day simple moving average is $109.34. The firm has a market cap of $55.77 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 3.73 and a beta of 0.89.

Intercontinental Exchange (NYSE:ICEGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.01. Intercontinental Exchange had a net margin of 35.58% and a return on equity of 13.52%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $1.16 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 5.36 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.38 dividend. The ex-dividend date is Thursday, September 15th. This represents a $1.52 annualized dividend and a yield of 1.52%. Intercontinental Exchange’s payout ratio is currently 25.46%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,500 shares of Intercontinental Exchange stock in a transaction on Friday, August 26th. The shares were sold at an average price of $107.00, for a total value of $267,500.00. Following the sale, the general counsel now directly owns 42,007 shares in the company, valued at approximately $4,494,749. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, General Counsel Andrew J. Surdykowski sold 2,500 shares of Intercontinental Exchange stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $107.00, for a total value of $267,500.00. Following the completion of the transaction, the general counsel now owns 42,007 shares of the company’s stock, valued at approximately $4,494,749. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Douglas Foley sold 1,600 shares of Intercontinental Exchange stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $107.73, for a total transaction of $172,368.00. Following the completion of the transaction, the senior vice president now directly owns 22,402 shares of the company’s stock, valued at approximately $2,413,367.46. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

About Intercontinental Exchange

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Intercontinental Exchange, Inc, together with its subsidiaries, operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, the European Union, Singapore, Israel, and Canada. It operates through three segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology.

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

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