Intercontinental Exchange Inc. $ICE Shares Sold by Interval Partners LP

Interval Partners LP trimmed its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 40.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,443 shares of the financial services provider’s stock after selling 39,606 shares during the period. Interval Partners LP’s holdings in Intercontinental Exchange were worth $9,846,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. ICONIQ Capital LLC grew its holdings in Intercontinental Exchange by 2.2% during the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock valued at $481,000 after buying an additional 56 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Intercontinental Exchange by 5.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock worth $221,000 after acquiring an additional 58 shares during the last quarter. Cascade Investment Advisors Inc. raised its holdings in shares of Intercontinental Exchange by 0.5% in the third quarter. Cascade Investment Advisors Inc. now owns 13,766 shares of the financial services provider’s stock worth $2,319,000 after acquiring an additional 65 shares during the last quarter. Private Wealth Management Group LLC lifted its position in shares of Intercontinental Exchange by 59.5% in the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 66 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. lifted its position in shares of Intercontinental Exchange by 3.2% in the third quarter. Ipswich Investment Management Co. Inc. now owns 2,248 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 70 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 4,571 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $162.00, for a total transaction of $740,502.00. Following the completion of the transaction, the general counsel owned 48,181 shares of the company’s stock, valued at approximately $7,805,322. This represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 3,865 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $153.73, for a total transaction of $594,166.45. Following the transaction, the president directly owned 165,304 shares in the company, valued at approximately $25,412,183.92. This represents a 2.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 348,418 shares of company stock valued at $54,196,631 in the last quarter. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $159.12 on Friday. The stock has a fifty day moving average price of $164.52 and a 200 day moving average price of $162.33. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The firm has a market capitalization of $90.36 billion, a P/E ratio of 27.58, a PEG ratio of 1.71 and a beta of 1.03. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the company earned $1.52 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. Equities research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be given a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 33.28%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ICE. UBS Group reiterated a “buy” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Monday, February 9th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $211.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Finally, Morgan Stanley set a $183.00 price objective on shares of Intercontinental Exchange and gave the company an “equal weight” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $194.73.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.