Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Lbp Am Sa

Lbp Am Sa reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 97.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,578 shares of the financial services provider’s stock after selling 233,858 shares during the period. Lbp Am Sa’s holdings in Intercontinental Exchange were worth $904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Intercontinental Exchange by 7.5% in the first quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock valued at $6,978,218,000 after buying an additional 3,536,913 shares in the last quarter. Wellington Management Group LLP increased its holdings in Intercontinental Exchange by 35.0% in the fourth quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock valued at $2,105,994,000 after buying an additional 4,251,371 shares in the last quarter. Capital World Investors increased its holdings in Intercontinental Exchange by 35.6% in the fourth quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock valued at $1,238,559,000 after buying an additional 2,530,119 shares in the last quarter. Parnassus Investments LLC increased its stake in shares of Intercontinental Exchange by 23.8% during the fourth quarter. Parnassus Investments LLC now owns 8,429,851 shares of the financial services provider’s stock worth $1,082,646,000 after purchasing an additional 1,621,737 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $839,259,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,267 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the transaction, the director now directly owns 28,849 shares of the company’s stock, valued at $3,882,209.93. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Christopher Scott Edmonds sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total transaction of $148,600.00. Following the completion of the transaction, the insider now owns 14,636 shares in the company, valued at approximately $2,174,909.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,267 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the transaction, the director now owns 28,849 shares of the company’s stock, valued at approximately $3,882,209.93. The disclosure for this sale can be found here. Insiders have sold a total of 64,992 shares of company stock valued at $9,197,801 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 1.1 %

Shares of NYSE ICE traded down $1.63 during midday trading on Friday, reaching $149.37. 1,781,648 shares of the stock were exchanged, compared to its average volume of 2,428,481. The company has a market capitalization of $85.68 billion, a P/E ratio of 34.39, a P/E/G ratio of 2.69 and a beta of 1.06. Intercontinental Exchange, Inc. has a 52-week low of $104.49 and a 52-week high of $153.28. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average price of $140.83 and a 200-day moving average price of $136.23.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period in the previous year, the firm posted $1.43 earnings per share. The company’s quarterly revenue was up 22.7% compared to the same quarter last year. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.21%. Intercontinental Exchange’s dividend payout ratio (DPR) is 41.28%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ICE. Keefe, Bruyette & Woods dropped their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday, May 3rd. Rosenblatt Securities reiterated a “buy” rating and issued a $164.00 target price on shares of Intercontinental Exchange in a report on Friday, May 3rd. Bank of America decreased their target price on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Morgan Stanley boosted their target price on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Barclays upped their price objective on shares of Intercontinental Exchange from $159.00 to $167.00 and gave the stock an “overweight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $153.86.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.