Assenagon Asset Management S.A. Sells 270,877 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Assenagon Asset Management S.A. decreased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 450,597 shares of the financial services provider's stock after selling 270,877 shares during the quarter. Assenagon Asset Management S.A. owned 0.08% of Intercontinental Exchange worth $67,143,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Thoroughbred Financial Services LLC acquired a new stake in Intercontinental Exchange in the second quarter valued at about $238,000. Rathbones Group PLC grew its holdings in shares of Intercontinental Exchange by 10.5% during the 2nd quarter. Rathbones Group PLC now owns 2,342 shares of the financial services provider's stock valued at $321,000 after purchasing an additional 222 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Intercontinental Exchange by 8.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,858,631 shares of the financial services provider's stock worth $254,447,000 after purchasing an additional 144,018 shares in the last quarter. One Capital Management LLC bought a new position in Intercontinental Exchange in the 2nd quarter valued at approximately $320,000. Finally, Citizens Financial Group Inc. RI boosted its position in Intercontinental Exchange by 343.0% in the second quarter. Citizens Financial Group Inc. RI now owns 7,509 shares of the financial services provider's stock valued at $1,028,000 after buying an additional 5,814 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares in the company, valued at $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the transaction, the president now directly owns 156,163 shares in the company, valued at $24,986,080. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,533 shares of company stock valued at $1,196,279 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

NYSE:ICE traded up $1.87 during trading hours on Thursday, reaching $150.11. The stock had a trading volume of 2,823,368 shares, compared to its average volume of 3,223,848. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $167.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a 50 day simple moving average of $153.47 and a 200 day simple moving average of $155.48. The stock has a market cap of $86.19 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The company's revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ICE shares. Morgan Stanley increased their price target on Intercontinental Exchange from $160.00 to $174.00 and gave the company an "equal weight" rating in a research note on Thursday, October 17th. Raymond James cut Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target on the stock. in a report on Monday, October 14th. Keefe, Bruyette & Woods dropped their price objective on shares of Intercontinental Exchange from $183.00 to $178.00 and set an "outperform" rating for the company in a report on Monday. StockNews.com lowered shares of Intercontinental Exchange from a "hold" rating to a "sell" rating in a report on Wednesday, January 8th. Finally, Bank of America raised their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus target price of $175.20.

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.