Bellecapital International Ltd. Reduces Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Bellecapital International Ltd. decreased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICEGet Rating) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,680 shares of the financial services provider’s stock after selling 600 shares during the period. Intercontinental Exchange comprises approximately 1.4% of Bellecapital International Ltd.’s holdings, making the stock its 22nd biggest holding. Bellecapital International Ltd.’s holdings in Intercontinental Exchange were worth $4,669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RB Capital Management LLC grew its holdings in Intercontinental Exchange by 3.2% during the 1st quarter. RB Capital Management LLC now owns 4,044 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 126 shares in the last quarter. United Bank grew its holdings in Intercontinental Exchange by 2.7% during the 1st quarter. United Bank now owns 15,988 shares of the financial services provider’s stock worth $2,112,000 after acquiring an additional 422 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Intercontinental Exchange by 13.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,855 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 220 shares in the last quarter. Sei Investments Co. grew its holdings in Intercontinental Exchange by 31.5% during the 1st quarter. Sei Investments Co. now owns 204,883 shares of the financial services provider’s stock worth $27,077,000 after acquiring an additional 49,081 shares in the last quarter. Finally, Prudential PLC acquired a new position in Intercontinental Exchange during the 1st quarter worth $1,679,000. Hedge funds and other institutional investors own 87.28% of the company’s stock.

Intercontinental Exchange Stock Down 1.0 %

Intercontinental Exchange stock traded down $1.07 during trading hours on Wednesday, hitting $105.18. The company had a trading volume of 97,069 shares, compared to its average volume of 2,010,904. The firm has a market capitalization of $58.75 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 3.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.04 and a quick ratio of 1.04. The firm’s fifty day moving average is $105.10 and its 200-day moving average is $100.92. Intercontinental Exchange, Inc. has a fifty-two week low of $88.60 and a fifty-two week high of $137.40.

Intercontinental Exchange (NYSE:ICEGet Rating) last released its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.05. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.79 billion. Intercontinental Exchange had a net margin of 26.58% and a return on equity of 13.38%. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 5.31 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were paid a $0.38 dividend. The ex-dividend date was Wednesday, December 14th. This represents a $1.52 annualized dividend and a yield of 1.45%. Intercontinental Exchange’s dividend payout ratio is presently 33.70%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ICE shares. Raymond James raised their price objective on shares of Intercontinental Exchange from $123.00 to $130.00 and gave the stock a “strong-buy” rating in a report on Tuesday, December 6th. UBS Group decreased their price target on shares of Intercontinental Exchange from $128.00 to $116.00 and set a “buy” rating for the company in a report on Thursday, October 6th. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Saturday, November 12th. Citigroup boosted their target price on shares of Intercontinental Exchange from $102.00 to $110.00 in a research note on Thursday, January 12th. Finally, Morgan Stanley boosted their target price on shares of Intercontinental Exchange from $116.00 to $120.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.25.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $105.98, for a total value of $169,568.00. Following the transaction, the senior vice president now owns 20,934 shares in the company, valued at approximately $2,218,585.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, SVP Douglas Foley sold 1,600 shares of the stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $105.98, for a total transaction of $169,568.00. Following the transaction, the senior vice president now owns 20,934 shares in the company, valued at approximately $2,218,585.32. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 30,000 shares of the company’s stock in a transaction on Tuesday, November 29th. The stock was sold at an average price of $105.37, for a total transaction of $3,161,100.00. Following the sale, the chief executive officer now directly owns 2,971,705 shares of the company’s stock, valued at $313,128,555.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,100 shares of company stock worth $3,593,168. 1.30% of the stock is currently owned by company insiders.

Intercontinental Exchange Profile

(Get Rating)

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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