Rockefeller Capital Management L.P. Cuts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Rockefeller Capital Management L.P. cut its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 36.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 538,446 shares of the financial services provider's stock after selling 311,961 shares during the quarter. Rockefeller Capital Management L.P. owned 0.09% of Intercontinental Exchange worth $80,232,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Intercontinental Exchange during the 4th quarter worth $1,196,258,000. Raymond James Financial Inc. purchased a new position in Intercontinental Exchange during the 4th quarter valued at approximately $406,728,000. Swedbank AB boosted its holdings in shares of Intercontinental Exchange by 2,293.3% in the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock worth $330,171,000 after purchasing an additional 2,123,185 shares during the period. AMF Tjanstepension AB grew its position in Intercontinental Exchange by 1,237.7% in the 4th quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider's stock valued at $253,591,000 after acquiring an additional 1,574,386 shares during the last quarter. Finally, Egerton Capital UK LLP purchased a new position in Intercontinental Exchange during the fourth quarter valued at approximately $109,270,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ICE has been the subject of a number of research analyst reports. 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. JPMorgan Chase & Co. decreased their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Bank of America reduced their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $182.47.

Intercontinental Exchange Stock Performance

Shares of NYSE ICE traded up $1.69 during mid-day trading on Thursday, hitting $160.13. 1,078,071 shares of the company were exchanged, compared to its average volume of 2,912,221. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $177.45. The firm has a market cap of $91.99 billion, a price-to-earnings ratio of 33.53, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The stock has a 50 day simple moving average of $167.45 and a 200-day simple moving average of $160.52. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 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%. On average, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS 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. Investors of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.20%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is 40.17%.

Insider Activity

In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of the business's stock in a transaction dated Friday, February 7th. The shares were 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 $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the company's stock in a transaction dated 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 sale, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,301 shares of company stock valued at $10,074,698. 1.10% of the stock is owned by insiders.

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.