iA Global Asset Management Inc. Reduces Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

iA Global Asset Management Inc. reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,086 shares of the financial services provider's stock after selling 15,573 shares during the period. iA Global Asset Management Inc.'s holdings in Intercontinental Exchange were worth $35,775,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in Intercontinental Exchange in the 4th quarter worth about $25,000. FSA Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange in the third quarter worth about $31,000. BankPlus Trust Department bought a new position in shares of Intercontinental Exchange in the fourth quarter valued at approximately $40,000. Golden State Wealth Management LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $51,000. Finally, Hanson & Doremus Investment Management bought a new stake in Intercontinental Exchange during the 4th quarter worth approximately $55,000. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Up 0.5 %

NYSE:ICE traded up $0.88 during mid-day trading on Monday, hitting $175.27. 2,982,397 shares of the company's stock were exchanged, compared to its average volume of 2,599,555. The company has a market cap of $100.70 billion, a PE ratio of 36.67, a P/E/G ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $176.17. The business has a fifty day moving average price of $164.92 and a 200 day moving average price of $160.16.

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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 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%. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

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 dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.10%. Intercontinental Exchange's payout ratio is presently 40.17%.

Analysts Set New Price Targets

Several brokerages have commented on ICE. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group lifted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. reduced their target price on 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 raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.80.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. The trade was a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now owns 12,922 shares in the company, valued at approximately $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock valued at $10,998,990 in the last quarter. 1.10% of the stock is owned by insiders.

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.