New York State Common Retirement Fund Reduces Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

New York State Common Retirement Fund lessened its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 0.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 710,253 shares of the financial services provider's stock after selling 3,800 shares during the quarter. New York State Common Retirement Fund owned about 0.12% of Intercontinental Exchange worth $105,835,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its holdings in shares of Intercontinental Exchange by 14.5% in the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider's stock worth $20,441,000 after purchasing an additional 16,130 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Intercontinental Exchange by 836.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider's stock worth $66,000 after purchasing an additional 368 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of Intercontinental Exchange in the 3rd quarter worth approximately $26,000. Whittier Trust Co. boosted its holdings in shares of Intercontinental Exchange by 1.3% in the 3rd quarter. Whittier Trust Co. now owns 5,916 shares of the financial services provider's stock worth $950,000 after purchasing an additional 76 shares during the period. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Intercontinental Exchange by 26.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider's stock worth $49,000 after purchasing an additional 63 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In other news, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction on Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the transaction, the senior vice president now directly owns 21,992 shares in the company, valued at approximately $3,661,008.24. This trade represents a 32.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the transaction, the president now owns 156,163 shares in the company, valued at $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,196 shares of company stock valued at $10,840,972 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group raised their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft raised their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Finally, Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Three investment 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, the company currently has an average rating of "Moderate Buy" and a consensus target price of $178.80.

Intercontinental Exchange Stock Up 0.7 %

NYSE ICE traded up $1.25 on Friday, reaching $168.04. 2,853,143 shares of the stock traded hands, 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. The company has a fifty day moving average price of $155.42 and a 200-day moving average price of $158.13. The company has a market cap of $96.55 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $169.78.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company 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. This represents a $1.92 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is presently 37.66%.

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.