Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its holdings in Intercontinental Exchange, Inc. (NYSE:ICE – Get Rating) by 0.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 257,226 shares of the financial services provider’s stock after selling 1,101 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Intercontinental Exchange were worth $23,240,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. IMA Wealth Inc. acquired a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at approximately $28,000. WASHINGTON TRUST Co raised its holdings in Intercontinental Exchange by 173.9% during the third quarter. WASHINGTON TRUST Co now owns 315 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 200 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Intercontinental Exchange by 48.4% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 319 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 104 shares during the last quarter. FinTrust Capital Advisors LLC raised its holdings in Intercontinental Exchange by 119.3% during the second quarter. FinTrust Capital Advisors LLC now owns 364 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 198 shares during the last quarter. Finally, MV Capital Management Inc. raised its holdings in Intercontinental Exchange by 90.2% during the third quarter. MV Capital Management Inc. now owns 428 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 203 shares during the last quarter. 87.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ICE has been the subject of several recent research reports. Citigroup raised their price target on Intercontinental Exchange from $102.00 to $110.00 in a research report on Thursday, January 12th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $116.00 to $120.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 11th. Raymond James lifted their price objective on Intercontinental Exchange from $123.00 to $130.00 and gave the company a “strong-buy” rating in a research report on Tuesday, December 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on Intercontinental Exchange from $134.00 to $131.00 in a research report on Wednesday, January 11th. Finally, StockNews.com downgraded Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Saturday, November 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $132.25.

Insider Buying and Selling

In related news, CEO Jeffrey C. Sprecher sold 30,000 shares of the business’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $105.37, for a total value of $3,161,100.00. Following the transaction, the chief executive officer now owns 2,971,705 shares in the company, valued at $313,128,555.85. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 30,000 shares of the company’s stock in a transaction that occurred 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 owns 2,971,705 shares in the company, valued at $313,128,555.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Andrew J. Surdykowski sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $105.00, for a total value of $262,500.00. Following the sale, the general counsel now owns 40,507 shares in the company, valued at approximately $4,253,235. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,100 shares of company stock worth $3,593,168. 1.30% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Trading Down 2.2 %

Shares of ICE opened at $106.25 on Wednesday. The stock’s 50-day moving average is $105.10 and its two-hundred day moving average is $100.92. The stock has a market cap of $59.35 billion, a PE ratio of 23.56, a P/E/G ratio of 3.66 and a beta of 0.91. Intercontinental Exchange, Inc. has a 12 month low of $88.60 and a 12 month high of $137.40. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.04 and a quick ratio of 1.04.

Intercontinental Exchange (NYSE:ICE – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The financial services provider reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.05. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Intercontinental Exchange had a return on equity of 13.38% and a net margin of 26.58%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 5.31 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Thursday, December 15th were paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, December 14th. Intercontinental Exchange’s dividend payout ratio (DPR) is 33.70%.

About Intercontinental Exchange

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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.