Banco Bilbao Vizcaya Argentaria S.A. Reduces Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Banco Bilbao Vizcaya Argentaria S.A. lowered its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,965 shares of the financial services provider's stock after selling 8,085 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Intercontinental Exchange were worth $4,045,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in Intercontinental Exchange by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock valued at $5,647,000 after buying an additional 366 shares during the period. Kestra Private Wealth Services LLC boosted its holdings in Intercontinental Exchange by 6.9% during the 4th quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock valued at $11,022,000 after acquiring an additional 4,787 shares during the period. Avantra Family Wealth Inc. bought a new position in Intercontinental Exchange during the 4th quarter worth approximately $702,000. Dixon Mitchell Investment Counsel Inc. increased its stake in Intercontinental Exchange by 9.2% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock worth $108,515,000 after purchasing an additional 61,110 shares during the period. Finally, National Pension Service lifted its position in Intercontinental Exchange by 19.1% in the fourth quarter. National Pension Service now owns 1,239,140 shares of the financial services provider's stock valued at $184,644,000 after purchasing an additional 198,311 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Up 1.9 %

NYSE:ICE traded up $3.03 during mid-day trading on Tuesday, reaching $166.51. The company's stock had a trading volume of 2,114,562 shares, compared to its average volume of 2,929,935. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $177.45. The stock has a fifty day moving average of $166.39 and a 200-day moving average of $160.45. The firm has a market capitalization of $95.66 billion, a PE ratio of 34.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09.

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

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ICE. Keefe, Bruyette & Woods raised their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. UBS Group boosted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. decreased their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock 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, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value of $418,170.00. Following the transaction, the director now owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Douglas Foley sold 10,580 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the sale, the senior vice president now directly owns 21,992 shares of the company's stock, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 62,931 shares of company stock valued at $10,492,868. Corporate insiders own 1.00% 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.