Banque Pictet & Cie SA Cuts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Banque Pictet & Cie SA trimmed its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,867 shares of the financial services provider's stock after selling 11,081 shares during the quarter. Banque Pictet & Cie SA's holdings in Intercontinental Exchange were worth $23,971,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ICE. Quintet Private Bank Europe S.A. increased its position in shares of Intercontinental Exchange by 13.8% during the third quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 62 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in Intercontinental Exchange by 26.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider's stock valued at $49,000 after purchasing an additional 63 shares during the last quarter. Integrated Advisors Network LLC raised its position in Intercontinental Exchange by 4.0% in the third quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 66 shares during the period. Commons Capital LLC lifted its stake in Intercontinental Exchange by 1.2% during the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider's stock worth $886,000 after purchasing an additional 69 shares in the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in shares of Intercontinental Exchange by 6.2% during the third quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider's stock worth $192,000 after buying an additional 70 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now owns 12,780 shares in the company, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,358 shares of company stock valued at $5,535,650 in the last three months. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ICE shares. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $178.80.

Intercontinental Exchange Stock Down 0.3 %

Intercontinental Exchange stock traded down $0.43 during mid-day trading on Tuesday, hitting $166.29. The company had a trading volume of 2,230,040 shares, compared to its average volume of 2,997,840. The company has a quick ratio of 1.00, 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 $169.78. The business has a fifty day moving average of $154.63 and a 200 day moving average of $157.75. The stock has a market cap of $95.48 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 3.21 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.63 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. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is currently 37.66%.

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.