Wilson Asset Management International PTY Ltd. Cuts Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Wilson Asset Management International PTY Ltd. cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,851 shares of the financial services provider's stock after selling 10,109 shares during the quarter. Intercontinental Exchange makes up 5.4% of Wilson Asset Management International PTY Ltd.'s portfolio, making the stock its 3rd largest position. Wilson Asset Management International PTY Ltd.'s holdings in Intercontinental Exchange were worth $20,988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of ICE. Capital Performance Advisors LLP bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $29,000. Verdence Capital Advisors LLC bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $247,000. Assetmark Inc. raised its holdings in shares of Intercontinental Exchange by 26.7% in the 3rd quarter. Assetmark Inc. now owns 16,481 shares of the financial services provider's stock valued at $2,648,000 after purchasing an additional 3,469 shares during the period. Mesirow Financial Investment Management Inc. bought a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at about $200,000. Finally, Sigma Planning Corp raised its holdings in shares of Intercontinental Exchange by 74.9% in the 3rd quarter. Sigma Planning Corp now owns 3,310 shares of the financial services provider's stock valued at $532,000 after purchasing an additional 1,417 shares during the period. 89.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ICE shares. UBS Group raised their price objective 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. Royal Bank of Canada reissued 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 lifted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Barclays lifted their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $178.80.

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Insider Activity

In related news, President Benjamin Jackson sold 5,828 shares of the business's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $165.71, for a total transaction of $965,757.88. Following the sale, the president now owns 164,041 shares in the company, valued at $27,183,234.11. The trade was a 3.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,313 shares of company stock worth $11,113,733. Insiders own 1.10% of the company's stock.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $168.34 on Wednesday. The stock's fifty day moving average price is $160.24 and its two-hundred day moving average price is $159.43. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $175.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $96.72 billion, a PE ratio of 35.22, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 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, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.14%. Intercontinental Exchange's payout ratio is 40.17%.

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.

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