Toronto Dominion Bank Lowers Stake in Intercontinental Exchange Inc (ICE)

Toronto Dominion Bank lowered its stake in shares of Intercontinental Exchange Inc (NYSE:ICE) by 16.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 492,189 shares of the financial services provider’s stock after selling 95,775 shares during the quarter. Toronto Dominion Bank’s holdings in Intercontinental Exchange were worth $37,463,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Intercontinental Exchange by 0.8% during the 4th quarter. BlackRock Inc. now owns 33,815,473 shares of the financial services provider’s stock valued at $2,547,321,000 after buying an additional 267,793 shares in the last quarter. Janus Henderson Group PLC raised its position in Intercontinental Exchange by 2.9% in the 1st quarter. Janus Henderson Group PLC now owns 11,776,528 shares of the financial services provider’s stock worth $896,651,000 after purchasing an additional 333,709 shares during the period. Northern Trust Corp raised its position in Intercontinental Exchange by 1.3% in the 4th quarter. Northern Trust Corp now owns 10,715,964 shares of the financial services provider’s stock worth $807,233,000 after purchasing an additional 137,414 shares during the period. Amundi Pioneer Asset Management Inc. raised its position in Intercontinental Exchange by 7.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 8,538,972 shares of the financial services provider’s stock worth $643,240,000 after purchasing an additional 579,012 shares during the period. Finally, Geode Capital Management LLC raised its position in Intercontinental Exchange by 7.2% in the 4th quarter. Geode Capital Management LLC now owns 6,607,483 shares of the financial services provider’s stock worth $496,763,000 after purchasing an additional 440,954 shares during the period. Hedge funds and other institutional investors own 90.77% of the company’s stock.

A number of brokerages recently commented on ICE. ValuEngine upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating in a research report on Monday. Wells Fargo & Co lifted their target price on shares of Intercontinental Exchange from $79.00 to $81.00 and gave the stock a “market perform” rating in a research report on Thursday, April 4th. Deutsche Bank decreased their target price on shares of Intercontinental Exchange from $84.00 to $83.00 and set a “buy” rating on the stock in a research report on Friday, March 15th. Citigroup upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 target price on the stock in a research report on Tuesday, January 22nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $85.50 target price on shares of Intercontinental Exchange in a research report on Monday, February 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $85.55.



Shares of ICE stock traded up $1.05 during mid-day trading on Tuesday, reaching $81.57. The stock had a trading volume of 37,154 shares, compared to its average volume of 2,879,014. Intercontinental Exchange Inc has a 52-week low of $69.33 and a 52-week high of $82.65. The stock has a market capitalization of $45.37 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.63 and a beta of 0.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.40.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. Intercontinental Exchange had a net margin of 31.98% and a return on equity of 12.22%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts predict that Intercontinental Exchange Inc will post 3.73 EPS for the current year.

In other Intercontinental Exchange news, CFO Scott A. Hill sold 26,933 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $73.32, for a total value of $1,974,727.56. Following the transaction, the chief financial officer now owns 188,688 shares in the company, valued at $13,834,604.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Charles A. Vice sold 25,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $77.32, for a total transaction of $1,933,000.00. The disclosure for this sale can be found here. Insiders sold 215,457 shares of company stock worth $16,327,598 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

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Intercontinental Exchange Company Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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

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