Invera Wealth Advisors LLC reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 47.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,987 shares of the financial services provider's stock after selling 11,841 shares during the period. Intercontinental Exchange makes up 2.0% of Invera Wealth Advisors LLC's portfolio, making the stock its 17th biggest position. Invera Wealth Advisors LLC's holdings in Intercontinental Exchange were worth $2,048,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in shares of Intercontinental Exchange by 326.3% during the third quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider's stock valued at $726,196,000 after purchasing an additional 3,460,096 shares in the last quarter. FMR LLC lifted its holdings in shares of Intercontinental Exchange by 44.1% during the third quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock valued at $1,260,449,000 after purchasing an additional 2,401,630 shares in the last quarter. Swedbank AB lifted its holdings in shares of Intercontinental Exchange by 2,293.3% during the fourth quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after purchasing an additional 2,123,185 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Intercontinental Exchange by 285.9% during the third quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider's stock valued at $282,148,000 after purchasing an additional 1,301,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Intercontinental Exchange by 426.3% during the third quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider's stock valued at $115,898,000 after purchasing an additional 584,400 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Keefe, Bruyette & Woods increased their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. Barclays increased their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $178.80.
Get Our Latest Stock Report on ICE
Intercontinental Exchange Stock Performance
Shares of NYSE ICE traded up $1.25 during trading on Friday, hitting $168.04. The company had a trading volume of 2,853,143 shares, compared to its average volume of 2,404,252. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $169.78. The stock has a 50 day simple moving average of $155.42 and a 200 day simple moving average of $158.13. The firm has a market capitalization of $96.55 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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 anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.
Intercontinental Exchange Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is currently 37.66%.
Insider Buying and Selling
In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm's stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares in the company, valued at $6,977,088.16. This trade represents a 2.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 17,104 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the transaction, the president now owns 155,174 shares of the company's stock, valued at $25,855,091.88. This represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,196 shares of company stock worth $10,840,972. 1.10% of the stock is owned by corporate insiders.
Intercontinental Exchange Profile
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Free Report)
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.
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