Bank Pictet & Cie Europe AG Sells 2,193 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Bank Pictet & Cie Europe AG trimmed its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,765 shares of the financial services provider's stock after selling 2,193 shares during the period. Bank Pictet & Cie Europe AG's holdings in Intercontinental Exchange were worth $8,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its holdings in Intercontinental Exchange by 2.0% during the fourth quarter. Valeo Financial Advisors LLC now owns 6,821 shares of the financial services provider's stock valued at $1,016,000 after purchasing an additional 137 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Intercontinental Exchange by 9.4% during the fourth quarter. V Square Quantitative Management LLC now owns 10,437 shares of the financial services provider's stock valued at $1,555,000 after purchasing an additional 899 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in Intercontinental Exchange by 160.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 479,463 shares of the financial services provider's stock valued at $71,445,000 after purchasing an additional 295,407 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in Intercontinental Exchange by 8.9% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 12,747 shares of the financial services provider's stock valued at $1,899,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in Intercontinental Exchange by 1.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 222,457 shares of the financial services provider's stock valued at $33,440,000 after purchasing an additional 2,588 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Trading Up 0.1 %

Shares of ICE stock traded up $0.18 on Wednesday, hitting $166.68. The stock had a trading volume of 673,592 shares, compared to its average volume of 2,923,778. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.78. The firm has a market cap of $95.77 billion, a P/E ratio of 34.87, a PEG ratio of 2.11 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $154.79 and a two-hundred day moving average price of $157.87.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results 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 return on equity of 12.95% and a net margin of 23.42%. As a group, analysts forecast that Intercontinental Exchange, Inc. will post 6.71 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business 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 $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's payout ratio is presently 37.66%.

Insider Buying and Selling

In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of the business's 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 $3,661,008.24. The trade was a 32.48 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Mayur Kapani sold 5,661 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 34,358 shares of company stock valued at $5,535,650. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. JPMorgan Chase & Co. dropped 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 price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and an average price target of $178.80.

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.