Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC lessened its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 161,275 shares of the financial services provider's stock after selling 4,361 shares during the quarter. Geneva Capital Management LLC's holdings in Intercontinental Exchange were worth $25,907,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC increased its holdings in Intercontinental Exchange by 20.0% in the 3rd quarter. Aptus Capital Advisors LLC now owns 77,122 shares of the financial services provider's stock worth $12,389,000 after acquiring an additional 12,865 shares in the last quarter. Aigen Investment Management LP boosted its stake in Intercontinental Exchange by 53.0% during the 3rd quarter. Aigen Investment Management LP now owns 18,180 shares of the financial services provider's stock worth $2,920,000 after purchasing an additional 6,300 shares during the last quarter. Savvy Advisors Inc. boosted its stake in Intercontinental Exchange by 34.3% during the 3rd quarter. Savvy Advisors Inc. now owns 2,810 shares of the financial services provider's stock worth $451,000 after purchasing an additional 718 shares during the last quarter. Entropy Technologies LP acquired a new stake in Intercontinental Exchange during the 3rd quarter worth $4,607,000. Finally, Lountzis Asset Management LLC boosted its stake in Intercontinental Exchange by 26.3% during the 3rd quarter. Lountzis Asset Management LLC now owns 4,141 shares of the financial services provider's stock worth $665,000 after purchasing an additional 863 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 0.2 %

ICE stock traded down $0.28 during mid-day trading on Wednesday, hitting $155.78. 754,569 shares of the company were exchanged, compared to its average volume of 2,562,761. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $89.45 billion, a P/E ratio of 37.09, a PEG ratio of 2.60 and a beta of 1.08. The business has a fifty day simple moving average of $161.33 and a 200-day simple moving average of $149.66. Intercontinental Exchange, Inc. has a 12-month low of $108.94 and a 12-month high of $167.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The business had revenue of $2.35 billion for the quarter, compared to analysts' expectations of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business's quarterly revenue was up 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 earnings per share. On average, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 1.16%. Intercontinental Exchange's dividend payout ratio is presently 42.65%.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the sale, the general counsel now owns 44,865 shares of the company's stock, valued at approximately $7,159,108.05. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the sale, the general counsel now owns 44,865 shares of the company's stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $162.81, for a total transaction of $98,011.62. Following the completion of the sale, the insider now directly owns 14,034 shares in the company, valued at approximately $2,284,875.54. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,489 shares of company stock valued at $1,202,259. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ICE. Bank of America lifted their target price on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a "buy" rating in a research note on Thursday, October 3rd. Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 17th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research note on Monday. Barclays lowered their target price on shares of Intercontinental Exchange from $179.00 to $173.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen initiated coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They set a "buy" rating and a $182.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.13.

About Intercontinental Exchange

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.