CX Institutional Reduces Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

CX Institutional reduced its position in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 6.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,753 shares of the financial services provider’s stock after selling 248 shares during the period. CX Institutional’s holdings in Intercontinental Exchange were worth $482,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. RB Capital Management LLC grew its position in shares of Intercontinental Exchange by 3.2% in the first quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 126 shares in the last quarter. United Bank lifted its holdings in shares of Intercontinental Exchange by 2.7% in the first quarter. United Bank now owns 15,988 shares of the financial services provider’s stock worth $2,112,000 after buying an additional 422 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Intercontinental Exchange by 13.5% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock valued at $245,000 after acquiring an additional 220 shares during the period. Sei Investments Co. grew its stake in Intercontinental Exchange by 31.5% during the first quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock valued at $27,077,000 after acquiring an additional 49,081 shares in the last quarter. Finally, Prudential PLC bought a new stake in Intercontinental Exchange during the 1st quarter worth approximately $1,679,000. 87.91% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Down 1.4 %

Shares of Intercontinental Exchange stock opened at $136.23 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 1.00. Intercontinental Exchange, Inc. has a 52-week low of $95.66 and a 52-week high of $140.43. The company’s 50 day moving average price is $133.57 and its 200-day moving average price is $121.45. The stock has a market capitalization of $78.01 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 2.44 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.04. The business had revenue of $2.20 billion for the quarter, compared to analyst estimates of $2.20 billion. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company’s revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 5.91 EPS for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.45 dividend. This is a positive change from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a yield of 1.32%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 42.86%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ICE. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. boosted their price objective on Intercontinental Exchange from $142.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $133.00 to $139.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 13th. Raymond James boosted their price target on shares of Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research note on Friday, January 5th. Finally, Rosenblatt Securities raised their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the company a “buy” rating in a report on Friday, February 9th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Get Our Latest Report on ICE

Insiders Place Their Bets

In related news, CAO James W. Namkung sold 1,182 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $132.03, for a total transaction of $156,059.46. Following the transaction, the chief accounting officer now owns 16,396 shares in the company, valued at $2,164,763.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Intercontinental Exchange, Inc bought 2,762,009 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the completion of the purchase, the insider now owns 7,476,345 shares in the company, valued at approximately $6,504,420.15. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO James W. Namkung sold 1,182 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $132.03, for a total value of $156,059.46. Following the completion of the transaction, the chief accounting officer now directly owns 16,396 shares of the company’s stock, valued at approximately $2,164,763.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 157,617 shares of company stock worth $20,784,288. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange, Inc. (NYSE:ICEFree Report).

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

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.