Intercontinental Exchange, Inc. (NYSE:ICE) Holdings Reduced by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lowered its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 71.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,514 shares of the financial services provider's stock after selling 23,525 shares during the quarter. Alyeska Investment Group L.P.'s holdings in Intercontinental Exchange were worth $1,418,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Intercontinental Exchange by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 656,874 shares of the financial services provider's stock worth $105,520,000 after buying an additional 23,638 shares during the last quarter. Nordea Investment Management AB increased its holdings in Intercontinental Exchange by 8.4% during the 4th quarter. Nordea Investment Management AB now owns 63,369 shares of the financial services provider's stock valued at $9,449,000 after acquiring an additional 4,893 shares in the last quarter. CWA Asset Management Group LLC raised its position in Intercontinental Exchange by 1.5% during the fourth quarter. CWA Asset Management Group LLC now owns 5,431 shares of the financial services provider's stock worth $809,000 after acquiring an additional 82 shares during the last quarter. Diversified Trust Co grew its position in shares of Intercontinental Exchange by 55.3% in the fourth quarter. Diversified Trust Co now owns 9,247 shares of the financial services provider's stock valued at $1,378,000 after purchasing an additional 3,294 shares during the last quarter. Finally, Park National Corp OH grew its position in shares of Intercontinental Exchange by 2.6% in the fourth quarter. Park National Corp OH now owns 189,564 shares of the financial services provider's stock valued at $28,247,000 after purchasing an additional 4,862 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares of the company's stock, valued at approximately $25,247,181.82. The trade was a 5.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the transaction, the director now directly owns 21,364 shares of the company's stock, valued at $3,396,876. This represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,368 shares of company stock worth $7,077,789 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Trading Up 1.3 %

Shares of Intercontinental Exchange stock traded up $2.26 during trading hours on Friday, reaching $178.73. The stock had a trading volume of 3,313,509 shares, compared to its average volume of 2,947,980. The firm has a market capitalization of $102.52 billion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 1 year low of $131.79 and a 1 year high of $179.44. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a 50 day simple moving average of $166.93 and a two-hundred day simple moving average of $161.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. During the same period in the previous year, the company posted $1.48 earnings per share. Intercontinental Exchange's revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ICE shares. JPMorgan Chase & Co. cut their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Bank of America dropped their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Barclays raised their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $185.93.

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.