Aberdeen Group plc Has $101.72 Million Stock Position in Intercontinental Exchange Inc. $ICE

Aberdeen Group plc lowered its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 0.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 604,131 shares of the financial services provider’s stock after selling 3,451 shares during the quarter. Aberdeen Group plc owned approximately 0.11% of Intercontinental Exchange worth $101,724,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ICE. Princeton Global Asset Management LLC acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $28,000. Westside Investment Management Inc. bought a new position in shares of Intercontinental Exchange during the 2nd quarter worth approximately $29,000. Knuff & Co LLC raised its holdings in shares of Intercontinental Exchange by 73.3% in the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 74 shares during the last quarter. Private Wealth Management Group LLC raised its holdings in shares of Intercontinental Exchange by 59.5% in the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 66 shares during the last quarter. Finally, Gables Capital Management Inc. lifted its position in shares of Intercontinental Exchange by 100.0% in the second quarter. Gables Capital Management Inc. now owns 250 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 125 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, CFO Warren Gardiner sold 1,572 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 20,534 shares in the company, valued at $3,155,049.10. This trade represents a 7.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Benjamin Jackson sold 12,861 shares of Intercontinental Exchange stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the completion of the sale, the president owned 165,692 shares in the company, valued at approximately $27,339,180. This trade represents a 7.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 181,570 shares of company stock worth $28,077,452 in the last three months. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $152.31 on Monday. The stock’s 50 day moving average is $165.24 and its 200 day moving average is $165.37. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The firm has a market cap of $86.50 billion, a P/E ratio of 26.40, a P/E/G ratio of 1.59 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.Intercontinental Exchange’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 earnings per share. As a group, research analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 33.28%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ICE shares. Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Raymond James Financial restated a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $180.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Finally, UBS Group restated a “buy” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Monday, February 9th. One investment 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 company. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Buy” and a consensus price target of $195.40.

Intercontinental Exchange Profile

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.