Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Nixon Peabody Trust Co.

Nixon Peabody Trust Co. lessened its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 11.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,798 shares of the financial services provider's stock after selling 13,513 shares during the quarter. Intercontinental Exchange accounts for 1.5% of Nixon Peabody Trust Co.'s portfolio, making the stock its 16th largest position. Nixon Peabody Trust Co.'s holdings in Intercontinental Exchange were worth $17,388,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ICE. Kestra Private Wealth Services LLC raised its holdings in Intercontinental Exchange by 6.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock worth $11,022,000 after purchasing an additional 4,787 shares during the period. Governors Lane LP increased its holdings in Intercontinental Exchange by 88.0% in the 4th quarter. Governors Lane LP now owns 127,100 shares of the financial services provider's stock worth $18,939,000 after acquiring an additional 59,500 shares in the last quarter. National Pension Service increased its holdings in Intercontinental Exchange by 19.1% in the 4th quarter. National Pension Service now owns 1,239,140 shares of the financial services provider's stock worth $184,644,000 after acquiring an additional 198,311 shares in the last quarter. Hahn Capital Management LLC raised its position in Intercontinental Exchange by 69.8% during the fourth quarter. Hahn Capital Management LLC now owns 71,134 shares of the financial services provider's stock worth $10,600,000 after acquiring an additional 29,233 shares during the period. Finally, Tema Etfs LLC purchased a new position in Intercontinental Exchange during the fourth quarter valued at $1,107,000. Hedge funds and other institutional investors own 89.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Morgan Stanley boosted their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. UBS Group lifted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods upped their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Bank of America dropped their price target 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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $188.46.

Intercontinental Exchange Stock Down 0.4%

Shares of ICE traded down $0.64 during mid-day trading on Thursday, hitting $178.49. 2,438,359 shares of the company's stock were exchanged, compared to its average volume of 3,012,668. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $102.38 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 2.10 and a beta of 1.12. The stock's 50-day moving average is $168.33 and its 200-day moving average is $163.12. Intercontinental Exchange, Inc. has a fifty-two week low of $132.93 and a fifty-two week high of $180.89.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. The company had revenue of $2.47 billion for 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 period in the prior year, the firm posted $1.48 EPS. On average, sell-side analysts anticipate 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 given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.08%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Insider Buying and Selling at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction that occurred on Wednesday, April 16th. The stock was 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 $3,396,876. This trade represents a 10.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 552 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $174.52, for a total value of $96,335.04. Following the transaction, the insider now directly owns 15,658 shares of the company's stock, valued at $2,732,634.16. The trade was a 3.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,191 shares of company stock valued at $694,978 in the last ninety days. Insiders own 1.00% of the company's stock.

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.