Centiva Capital LP Trims Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Centiva Capital LP decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 53.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,142 shares of the financial services provider's stock after selling 4,741 shares during the period. Centiva Capital LP's holdings in Intercontinental Exchange were worth $617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ICE. Norges Bank acquired a new stake in Intercontinental Exchange during the fourth quarter worth $1,196,258,000. Kovitz Investment Group Partners LLC increased its position in shares of Intercontinental Exchange by 423.8% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider's stock worth $677,465,000 after purchasing an additional 3,678,384 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Intercontinental Exchange in the 4th quarter valued at about $406,728,000. Swedbank AB lifted its position in 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 last quarter. Finally, AMF Tjanstepension AB boosted its stake in 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 buying an additional 1,574,386 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 7,900 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $166.36, for a total value of $1,314,244.00. Following the completion of the sale, the president now directly owns 160,059 shares of the company's stock, valued at approximately $26,627,415.24. This represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the completion of the sale, the insider now owns 17,972 shares of the company's stock, valued at approximately $3,001,144.28. This trade represents a 27.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,368 shares of company stock valued at $7,077,789 over the last ninety days. Insiders own 1.00% of the company's stock.

Intercontinental Exchange Stock Up 1.3 %

Shares of NYSE ICE opened at $178.73 on Friday. Intercontinental Exchange, Inc. has a 1 year low of $131.79 and a 1 year high of $179.44. The company has a market capitalization of $102.52 billion, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. 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 business has a 50-day moving average of $166.93 and a two-hundred day 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The firm had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the company posted $1.48 earnings per share. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts forecast 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 Monday, June 30th. Investors of record on Friday, June 13th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Analyst Upgrades and Downgrades

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

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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