E. Ohman J or Asset Management AB Has $4.26 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

E. Ohman J or Asset Management AB lessened its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 89.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,720 shares of the financial services provider's stock after selling 205,813 shares during the period. E. Ohman J or Asset Management AB's holdings in Intercontinental Exchange were worth $4,264,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Intercontinental Exchange by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock valued at $7,782,521,000 after buying an additional 538,670 shares during the period. Geode Capital Management LLC lifted its stake in Intercontinental Exchange by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock worth $1,765,317,000 after purchasing an additional 327,637 shares during the period. Royal Bank of Canada lifted its stake in Intercontinental Exchange by 132.9% during the fourth quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock worth $1,359,173,000 after purchasing an additional 5,204,309 shares during the period. Norges Bank bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $1,196,258,000. Finally, Northern Trust Corp grew its stake in shares of Intercontinental Exchange by 9.7% in the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock valued at $1,105,953,000 after purchasing an additional 655,247 shares during the period. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE traded up $0.14 during trading on Friday, reaching $178.70. The stock had a trading volume of 3,245,175 shares, compared to its average volume of 3,023,695. 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 stock has a market capitalization of $102.51 billion, a PE ratio of 37.38, a P/E/G ratio of 2.10 and a beta of 1.12. The business's 50-day moving average price is $168.45 and its 200 day moving average price is $163.26. Intercontinental Exchange, Inc. has a 52 week low of $132.93 and a 52 week high of $180.89.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued 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. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Intercontinental Exchange's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.48 earnings per share. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

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 dividend on an annualized basis and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 3,848 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $179.12, for a total value of $689,253.76. Following the completion of the sale, the general counsel now owns 48,480 shares of the company's stock, valued at $8,683,737.60. This trade represents a 7.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the sale, the chief executive officer now directly owns 2,101,705 shares of the company's stock, valued at $376,667,570.10. This represents a 6.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,354 shares of company stock valued at $40,512,695 over the last quarter. Corporate insiders own 1.00% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ICE. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Barclays raised their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley raised their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Bank of America cut their target price 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. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $188.46.

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.