Banque Pictet & Cie SA Sells 11,081 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Banque Pictet & Cie SA lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 6.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,867 shares of the financial services provider’s stock after selling 11,081 shares during the quarter. Banque Pictet & Cie SA’s holdings in Intercontinental Exchange were worth $23,971,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Wolff Wiese Magana LLC lifted its stake in shares of Intercontinental Exchange by 1,470.0% in the third quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in Intercontinental Exchange in the 3rd quarter worth $26,000. Financial Management Professionals Inc. lifted its position in Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 87 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Intercontinental Exchange during the third quarter valued at about $29,000. Finally, FSA Wealth Management LLC bought a new stake in Intercontinental Exchange during the third quarter valued at about $31,000. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the subject of several research analyst reports. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday. Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. dropped their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock opened at $168.81 on Friday. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.00 and a current ratio of 0.99. The firm has a market cap of $96.93 billion, a P/E ratio of 35.32, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. The firm’s 50-day simple moving average is $153.95 and its 200-day simple moving average is $157.37.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.63 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is 37.66%.

Insiders Place Their Bets

In other news, SVP Douglas Foley sold 10,580 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the sale, the senior vice president now owns 21,992 shares of the company’s stock, valued at approximately $3,661,008.24. This represents a 32.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now directly owns 156,163 shares of the company’s stock, valued at $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,358 shares of company stock worth $5,535,650 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company Profile

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.