Intercontinental Exchange Inc. $ICE Shares Sold by Interval Partners LP

Interval Partners LP trimmed its position in Intercontinental Exchange Inc. (NYSE:ICE) by 40.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,443 shares of the financial services provider’s stock after selling 39,606 shares during the period. Interval Partners LP’s holdings in Intercontinental Exchange were worth $9,846,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of ICE. ICONIQ Capital LLC raised its position in Intercontinental Exchange by 2.2% during the 2nd quarter. ICONIQ Capital LLC now owns 2,621 shares of the financial services provider’s stock worth $481,000 after buying an additional 56 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Intercontinental Exchange by 5.0% in the second quarter. SBI Securities Co. Ltd. now owns 1,207 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 58 shares in the last quarter. Cascade Investment Advisors Inc. increased its stake in shares of Intercontinental Exchange by 0.5% during the third quarter. Cascade Investment Advisors Inc. now owns 13,766 shares of the financial services provider’s stock worth $2,319,000 after acquiring an additional 65 shares during the period. Private Wealth Management Group LLC increased its stake in shares of Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 66 shares during the period. Finally, Ipswich Investment Management Co. Inc. raised its holdings in Intercontinental Exchange by 3.2% during the third quarter. Ipswich Investment Management Co. Inc. now owns 2,248 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 70 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Up 0.3%

ICE stock opened at $159.12 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $164.52 and its 200 day moving average price is $162.33. Intercontinental Exchange Inc. has a 52 week low of $143.17 and a 52 week high of $189.35. The company has a market cap of $90.36 billion, a P/E ratio of 27.58, a P/E/G ratio of 1.71 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. During the same period last year, the company posted $1.52 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 33.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $180.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. UBS Group reissued a “buy” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Monday, February 9th. Barclays set a $193.00 price target on Intercontinental Exchange and gave the company an “overweight” rating in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a report on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $194.73.

Insider Transactions at Intercontinental Exchange

In other news, President Benjamin Jackson sold 12,861 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $165.00, for a total value of $2,122,065.00. Following the completion of the transaction, the president owned 165,692 shares in the company, valued at $27,339,180. This trade represents a 7.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $155.00, for a total value of $23,250,000.00. Following the transaction, the chief executive officer directly owned 1,651,705 shares of the company’s stock, valued at $256,014,275. This trade represents a 8.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 348,418 shares of company stock worth $54,196,631 over the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.