Vontobel Holding Ltd. Sells 168,903 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Vontobel Holding Ltd. reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 5.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,765,305 shares of the financial services provider's stock after selling 168,903 shares during the quarter. Intercontinental Exchange accounts for 1.4% of Vontobel Holding Ltd.'s portfolio, making the stock its 21st largest position. Vontobel Holding Ltd. owned approximately 0.48% of Intercontinental Exchange worth $412,058,000 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. Wolff Wiese Magana LLC lifted its position in Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 147 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in Intercontinental Exchange in the 3rd quarter valued at $26,000. Financial Management Professionals Inc. lifted its position in Intercontinental Exchange by 106.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 87 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Intercontinental Exchange in the 3rd quarter valued at $29,000. Finally, FSA Wealth Management LLC bought a new stake in Intercontinental Exchange in the 3rd quarter valued at $31,000. 89.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, COO Stuart Glen Williams sold 750 shares of the company's 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 owns 12,780 shares of the company's stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,358 shares of company stock worth $5,535,650 in the last quarter. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Stock Performance

ICE traded down $0.43 on Tuesday, reaching $166.29. The company had a trading volume of 2,230,040 shares, compared to its average volume of 2,997,840. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $169.78. The stock has a market cap of $95.48 billion, a P/E ratio of 34.79, a P/E/G ratio of 3.21 and a beta of 1.11. The company's fifty day moving average is $154.63 and its 200 day moving average is $157.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.00 and a current ratio of 0.99.

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 (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%. As a group, analysts predict that Intercontinental Exchange, Inc. will post 6.63 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. Intercontinental Exchange's payout ratio is presently 37.66%.

Analysts Set New Price Targets

Several brokerages have commented on ICE. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. 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 report on Friday, February 7th. JPMorgan Chase & Co. cut their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and an average target price of $178.80.

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.