ABN Amro Investment Solutions Has $80.73 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

ABN Amro Investment Solutions trimmed its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 2.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 479,184 shares of the financial services provider’s stock after selling 13,593 shares during the period. Intercontinental Exchange comprises 1.7% of ABN Amro Investment Solutions’ holdings, making the stock its 11th largest position. ABN Amro Investment Solutions owned approximately 0.08% of Intercontinental Exchange worth $80,733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Dynasty Wealth Management LLC bought a new stake in Intercontinental Exchange in the 3rd quarter valued at about $897,000. Rockland Trust Co. boosted its position in Intercontinental Exchange by 19.7% during the 3rd quarter. Rockland Trust Co. now owns 127,652 shares of the financial services provider’s stock worth $21,507,000 after buying an additional 20,981 shares during the period. Fifth Third Wealth Advisors LLC increased its stake in shares of Intercontinental Exchange by 37.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 11,920 shares of the financial services provider’s stock valued at $2,008,000 after buying an additional 3,261 shares during the period. Eastern Bank lifted its holdings in Intercontinental Exchange by 14.6% in the third quarter. Eastern Bank now owns 203,731 shares of the financial services provider’s stock valued at $34,325,000 after buying an additional 25,980 shares during the period. Finally, Horizon Kinetics Asset Management LLC boosted its position in shares of Intercontinental Exchange by 1.6% during the 2nd quarter. Horizon Kinetics Asset Management LLC now owns 831,758 shares of the financial services provider’s stock valued at $152,603,000 after purchasing an additional 13,497 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 1.7%

Shares of Intercontinental Exchange stock opened at $152.31 on Friday. The company’s 50 day moving average is $165.24 and its 200 day moving average is $165.51. The company has a market cap of $86.50 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Intercontinental Exchange Inc. has a twelve month low of $143.17 and a twelve month high of $189.35. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, beating the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.51 billion. During the same quarter in the prior year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors 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 1.4%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 33.28%.

Insider Buying and Selling

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,345 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $156.67, for a total value of $837,401.15. Following the sale, the chief technology officer owned 65,240 shares in the company, valued at $10,221,150.80. The trade was a 7.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Warren Gardiner sold 1,572 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $153.65, for a total transaction of $241,537.80. Following the completion of the transaction, the chief financial officer directly owned 20,534 shares of the company’s stock, valued at approximately $3,155,049.10. This trade represents a 7.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 181,570 shares of company stock worth $28,077,452 in the last 90 days. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ICE. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. JPMorgan Chase & Co. decreased their price objective on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Royal Bank Of Canada restated an “outperform” rating and issued a $180.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. UBS Group reissued a “buy” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Monday, February 9th. 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 issued a Hold rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Buy” and an average price target of $195.40.

About Intercontinental Exchange

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.