Siemens Fonds Invest GmbH cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 86.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,666 shares of the financial services provider's stock after selling 16,625 shares during the period. Siemens Fonds Invest GmbH's holdings in Intercontinental Exchange were worth $397,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in ICE. Brighton Jones LLC lifted its holdings in Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock worth $514,000 after purchasing an additional 1,169 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in Intercontinental Exchange by 2.0% in the 4th quarter. Perigon Wealth Management LLC now owns 14,946 shares of the financial services provider's stock worth $2,245,000 after purchasing an additional 293 shares in the last quarter. BSW Wealth Partners lifted its holdings in Intercontinental Exchange by 14.4% in the 4th quarter. BSW Wealth Partners now owns 2,196 shares of the financial services provider's stock worth $327,000 after purchasing an additional 276 shares in the last quarter. Mayflower Financial Advisors LLC increased its stake in Intercontinental Exchange by 6.6% in the 4th quarter. Mayflower Financial Advisors LLC now owns 1,655 shares of the financial services provider's stock worth $247,000 after acquiring an additional 103 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Intercontinental Exchange by 56.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 483,897 shares of the financial services provider's stock worth $72,105,000 after acquiring an additional 175,150 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have issued reports on ICE. Bank of America reduced their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. UBS Group lifted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Morgan Stanley lifted 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. Finally, Keefe, Bruyette & Woods lifted their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $188.46.
Check Out Our Latest Analysis on ICE
Intercontinental Exchange Trading Down 0.5%
Shares of NYSE ICE traded down $0.91 during trading hours on Tuesday, hitting $179.41. 2,387,667 shares of the company traded hands, compared to its average volume of 3,016,431. The stock has a market capitalization of $102.92 billion, a price-to-earnings ratio of 37.53, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company's 50 day moving average price is $168.24 and its 200 day moving average price is $163.00. Intercontinental Exchange, Inc. has a 12 month low of $132.91 and a 12 month high of $180.89.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.48 EPS. On average, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.
Intercontinental Exchange Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.
Insider Buying and Selling at Intercontinental Exchange
In other Intercontinental Exchange news, CAO James W. Namkung sold 612 shares of the company's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $180.00, for a total value of $110,160.00. Following the transaction, the chief accounting officer now owns 13,220 shares of the company's stock, valued at $2,379,600. This represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction 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 transaction, the director now directly owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,191 shares of company stock valued at $694,978 in the last quarter. 1.00% of the stock is owned by insiders.
Intercontinental Exchange Company Profile
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Free Report)
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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