Aviva PLC Has $51.53 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Aviva PLC trimmed its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 345,787 shares of the financial services provider’s stock after selling 19,071 shares during the period. Aviva PLC owned about 0.06% of Intercontinental Exchange worth $51,526,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ICE. Benjamin Edwards Inc. lifted its stake in shares of Intercontinental Exchange by 150.4% in the third quarter. Benjamin Edwards Inc. now owns 7,191 shares of the financial services provider’s stock worth $1,155,000 after acquiring an additional 4,319 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Intercontinental Exchange by 13.8% in the 3rd quarter. IHT Wealth Management LLC now owns 2,063 shares of the financial services provider’s stock valued at $332,000 after purchasing an additional 250 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Intercontinental Exchange by 17.8% in the 3rd quarter. Quantinno Capital Management LP now owns 38,541 shares of the financial services provider’s stock valued at $6,191,000 after purchasing an additional 5,815 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new position in Intercontinental Exchange during the third quarter worth $203,000. Finally, EP Wealth Advisors LLC lifted its holdings in Intercontinental Exchange by 3.9% in the third quarter. EP Wealth Advisors LLC now owns 6,922 shares of the financial services provider’s stock valued at $1,112,000 after buying an additional 257 shares during the period. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $156.89 on Friday. The firm has a market capitalization of $90.13 billion, a P/E ratio of 32.82, a P/E/G ratio of 2.10 and a beta of 1.09. The stock has a 50 day moving average price of $168.49 and a two-hundred day moving average price of $160.78. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $177.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.22%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ICE shares. Keefe, Bruyette & Woods lifted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Bank of America dropped their price target on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. reduced their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, UBS Group raised their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $182.47.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 17,104 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now directly owns 155,174 shares of the company’s stock, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Mayur Kapani sold 5,661 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,563 shares of company stock worth $10,998,990 in the last 90 days. Insiders own 1.10% of the company’s stock.

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.