Intercontinental Exchange Inc. $ICE Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its stake in Intercontinental Exchange by 26.5% in Q4, selling 437,892 shares and reducing its holding to 1,212,683 shares worth about $196.4 million.
• ICE reported a quarterly beat with $1.71 EPS vs. $1.67 expected and revenue of $3.14 billion versus $2.51 billion expected, while analysts hold a consensus "Buy" rating and a $192.20 price target.
• Company insiders sold a total of 348,418 shares (about $54.2 million) over the last quarter, including sales by President Benjamin Jackson and Lynn C. Martin.

Robeco Institutional Asset Management B.V. cut its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 26.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,212,683 shares of the financial services provider's stock after selling 437,892 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.21% of Intercontinental Exchange worth $196,406,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. State Street Corp boosted its holdings in Intercontinental Exchange by 0.8% in the 3rd quarter. State Street Corp now owns 24,816,744 shares of the financial services provider's stock worth $4,181,125,000 after buying an additional 194,325 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Intercontinental Exchange by 64.7% in the 3rd quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider's stock worth $1,744,480,000 after buying an additional 4,067,922 shares during the last quarter. Capital World Investors boosted its holdings in Intercontinental Exchange by 15.2% in the 3rd quarter. Capital World Investors now owns 7,028,964 shares of the financial services provider's stock worth $1,184,238,000 after buying an additional 928,047 shares during the last quarter. Sands Capital Management LLC boosted its holdings in Intercontinental Exchange by 6.9% in the 3rd quarter. Sands Capital Management LLC now owns 5,677,266 shares of the financial services provider's stock worth $956,506,000 after buying an additional 364,227 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Intercontinental Exchange by 3.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,967,071 shares of the financial services provider's stock worth $836,852,000 after buying an additional 148,923 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Raymond James Financial reiterated a "strong-buy" rating and issued a $211.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $180.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Wall Street Zen upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Finally, TD Cowen reiterated a "buy" rating on shares of Intercontinental Exchange in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $192.20.

Intercontinental Exchange Trading Down 0.8%

Shares of Intercontinental Exchange stock opened at $160.71 on Friday. The stock has a market cap of $91.03 billion, a P/E ratio of 27.85, a P/E/G ratio of 1.74 and a beta of 1.03. The stock's 50 day simple moving average is $160.26 and its 200-day simple moving average is $160.29. Intercontinental Exchange Inc. has a 1-year low of $143.17 and a 1-year high of $189.35. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. The business had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.52 EPS. Analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange's payout ratio is currently 36.05%.

Insider Buying and Selling at Intercontinental Exchange

In other news, President Benjamin Jackson sold 12,861 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the sale, the president owned 165,692 shares of the company's stock, valued at approximately $27,339,180. The trade was a 7.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lynn C. Martin sold 13,456 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the sale, the insider directly owned 54,319 shares in the company, valued at approximately $8,357,521.34. The trade was a 19.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 348,418 shares of company stock worth $54,196,631. 1.00% of the stock is owned by company 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.

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