Lbp Am Sa Sells 132,035 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

LBP AM SA lessened its holdings in Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 76.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,474 shares of the financial services provider's stock after selling 132,035 shares during the quarter. LBP AM SA's holdings in Intercontinental Exchange were worth $6,982,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. REAP Financial Group LLC raised its holdings in Intercontinental Exchange by 116.7% during the 4th quarter. REAP Financial Group LLC now owns 169 shares of the financial services provider's stock worth $25,000 after purchasing an additional 91 shares during the last quarter. Tsfg LLC raised its holdings in Intercontinental Exchange by 187.3% during the 1st quarter. Tsfg LLC now owns 158 shares of the financial services provider's stock worth $27,000 after purchasing an additional 103 shares during the last quarter. Menard Financial Group LLC bought a new position in Intercontinental Exchange during the 4th quarter worth approximately $29,000. Rakuten Securities Inc. raised its holdings in Intercontinental Exchange by 595.8% during the 1st quarter. Rakuten Securities Inc. now owns 167 shares of the financial services provider's stock worth $29,000 after purchasing an additional 143 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in Intercontinental Exchange during the 1st quarter worth approximately $31,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Down 0.2%

ICE traded down $0.36 during mid-day trading on Thursday, reaching $181.80. 1,894,320 shares of the stock were exchanged, compared to its average volume of 2,980,389. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market capitalization of $104.28 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. The company has a 50 day moving average price of $178.11 and a two-hundred day moving average price of $167.17. Intercontinental Exchange Inc. has a 1 year low of $142.29 and a 1 year high of $183.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The company had revenue of $2.47 billion for the quarter, compared to analysts' expectations of $2.44 billion. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. As a group, research analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.06%. Intercontinental Exchange's payout ratio is 39.75%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ICE. Bank of America lowered their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. UBS Group lifted their price objective on shares of Intercontinental Exchange from $195.00 to $210.00 and gave the company a "buy" rating in a research note on Tuesday. Barclays lifted their price objective on shares of Intercontinental Exchange from $198.00 to $206.00 and gave the company an "overweight" rating in a research note on Thursday. Morgan Stanley lifted their price objective on shares of 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 lifted 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. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $192.58.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $179.22, for a total transaction of $26,883,000.00. Following the transaction, the chief executive officer directly owned 2,101,705 shares in the company, valued at $376,667,570.10. This trade represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sharon Bowen sold 795 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $183.30, for a total transaction of $145,723.50. Following the completion of the transaction, the director owned 15,000 shares in the company, valued at $2,749,500. This represents a 5.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 228,749 shares of company stock valued at $40,942,387. Company insiders own 1.00% of the company's stock.

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.