Intercontinental Exchange, Inc. (NYSE:ICE) Holdings Decreased by Aviva PLC

Aviva PLC lessened its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ICE. Gladstone Capital Management LLP acquired a new position in Intercontinental Exchange in the fourth quarter worth $43,230,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $25,524,000. Prudential PLC grew its position in shares of Intercontinental Exchange by 34.5% during the 4th quarter. Prudential PLC now owns 13,097 shares of the financial services provider's stock valued at $1,952,000 after buying an additional 3,360 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Intercontinental Exchange during the fourth quarter worth about $648,000. Finally, Pitcairn Co. raised its stake in Intercontinental Exchange by 4.6% during the fourth quarter. Pitcairn Co. now owns 16,494 shares of the financial services provider's stock worth $2,458,000 after acquiring an additional 723 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Buying and Selling

In related news, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the transaction, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the transaction, the senior vice president now directly owns 21,992 shares in the company, valued at $3,661,008.24. This represents a 32.48 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,563 shares of company stock worth $10,998,990. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Price Performance

Shares of ICE traded up $0.01 during midday trading on Friday, reaching $155.20. The stock had a trading volume of 640,855 shares, compared to its average volume of 2,908,124. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $89.16 billion, a P/E ratio of 32.43, a P/E/G ratio of 2.10 and a beta of 1.09. The firm's 50 day moving average price is $167.87 and its 200-day moving average price is $160.55. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 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%. On average, analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ICE. Keefe, Bruyette & Woods increased their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Bank of America lowered their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $182.47.

Intercontinental Exchange 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.