Boston Common Asset Management LLC Has $874,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Boston Common Asset Management LLC cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 41.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,067 shares of the financial services provider's stock after selling 3,550 shares during the quarter. Boston Common Asset Management LLC's holdings in Intercontinental Exchange were worth $874,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chancellor Financial Group WB LP acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $228,000. 111 Capital acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $1,610,000. Lansforsakringar Fondforvaltning AB publ acquired a new position in Intercontinental Exchange in the fourth quarter worth $28,949,000. Campbell Deegan Wealth Management LLC acquired a new position in Intercontinental Exchange in the fourth quarter worth $539,000. Finally, TFR Capital LLC. acquired a new position in Intercontinental Exchange in the fourth quarter worth $1,452,000. Institutional investors own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the company's 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 sale, the director now directly owns 21,364 shares of the company's stock, valued at approximately $3,396,876. This represents a 10.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 552 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $174.52, for a total transaction of $96,335.04. Following the sale, the insider now directly owns 15,658 shares of the company's stock, valued at approximately $2,732,634.16. This represents a 3.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,579 shares of company stock valued at $584,818. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Bank of America decreased their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. UBS Group lifted 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. Barclays lifted their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Morgan Stanley lifted their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $188.46.

Intercontinental Exchange Stock Performance

ICE stock traded up $1.42 during trading on Friday, reaching $179.95. 5,439,058 shares of the company's stock were exchanged, compared to its average volume of 3,019,714. 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, Inc. has a 1-year low of $132.57 and a 1-year high of $180.64. The company's fifty day moving average price is $168.09 and its 200-day moving average price is $162.63. The firm has a market cap of $103.22 billion, a PE ratio of 37.65, a P/E/G ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.48 earnings per share. On average, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

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.