Mn Services Vermogensbeheer B.V. Sells 16,400 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Mn Services Vermogensbeheer B.V. reduced its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,600 shares of the financial services provider's stock after selling 16,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Intercontinental Exchange were worth $36,328,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GPS Wealth Strategies Group LLC raised its holdings in shares of Intercontinental Exchange by 17.2% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 430 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 63 shares during the period. Strategic Advisors LLC grew its holdings in Intercontinental Exchange by 5.1% in the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock valued at $201,000 after buying an additional 66 shares in the last quarter. MV Capital Management Inc. increased its position in Intercontinental Exchange by 15.7% during the first quarter. MV Capital Management Inc. now owns 501 shares of the financial services provider's stock worth $86,000 after acquiring an additional 68 shares during the period. Johnson Investment Counsel Inc. raised its position in shares of Intercontinental Exchange by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock valued at $465,000 after buying an additional 71 shares in the last quarter. Finally, Quadcap Wealth Management LLC lifted its position in shares of Intercontinental Exchange by 1.2% during the 4th quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock valued at $918,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 0.4%

Shares of Intercontinental Exchange stock traded down $0.78 during midday trading on Friday, reaching $178.30. The company had a trading volume of 2,500,290 shares, compared to its average volume of 3,020,161. The stock has a fifty day moving average price of $170.32 and a 200 day moving average price of $164.06. Intercontinental Exchange, Inc. has a fifty-two week low of $133.97 and a fifty-two week high of $180.89. The firm has a market cap of $102.28 billion, a PE ratio of 37.30, a P/E/G ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 23.42% and a return on equity of 12.95%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.48 EPS. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.08%. Intercontinental Exchange's payout ratio is 39.75%.

Insider Activity at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the transaction, the director now directly owns 21,364 shares of the company's stock, valued at $3,396,876. This represents a 10.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $96,335.04. Following the completion of the sale, the insider now owns 15,658 shares of the company's stock, valued at $2,732,634.16. The trade was a 3.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 227,954 shares of company stock worth $40,796,663 in the last 90 days. Corporate insiders own 1.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on ICE shares. Barclays boosted their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Keefe, Bruyette & Woods upped their price target on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Bank of America cut their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Morgan Stanley upped their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average price target of $188.46.

About Intercontinental Exchange

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.