Ossiam Sells 7,256 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Ossiam cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,851 shares of the financial services provider's stock after selling 7,256 shares during the period. Ossiam's holdings in Intercontinental Exchange were worth $2,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ICE. Norges Bank acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at approximately $1,196,258,000. Raymond James Financial Inc. bought a new position in Intercontinental Exchange in the fourth quarter valued at approximately $406,728,000. Swedbank AB boosted its holdings in shares of Intercontinental Exchange by 2,293.3% in the fourth quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after buying an additional 2,123,185 shares during the period. AMF Tjanstepension AB increased its position in shares of Intercontinental Exchange by 1,237.7% during the fourth quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider's stock worth $253,591,000 after acquiring an additional 1,574,386 shares in the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Intercontinental Exchange by 20.8% during the fourth quarter. Independent Franchise Partners LLP now owns 6,160,836 shares of the financial services provider's stock worth $918,026,000 after acquiring an additional 1,062,904 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the transaction, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lynn C. Martin sold 4,155 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $165.60, for a total value of $688,068.00. Following the completion of the sale, the insider now owns 57,376 shares of the company's stock, valued at $9,501,465.60. This trade represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,931 shares of company stock valued at $10,492,868 in the last three months. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of ICE traded up $0.31 during mid-day trading on Wednesday, reaching $160.99. The company's stock had a trading volume of 2,876,118 shares, compared to its average volume of 2,932,862. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $177.45. The business has a 50-day simple moving average of $166.71 and a two-hundred day simple moving average of $160.41. The stock has a market cap of $92.49 billion, a P/E ratio of 33.68, a PEG ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly 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 net margin of 23.42% and a return on equity of 12.95%. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.19%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 40.17%.

Analysts Set New Price Targets

A number of research firms have issued reports on ICE. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group lifted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Bank of America reduced their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Intercontinental Exchange currently has an average rating of "Moderate Buy" and a consensus target price of $182.47.

Intercontinental Exchange 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.