Oppenheimer Asset Management Inc. Sells 4,183 Shares of Intercontinental Exchange Inc. (NYSE:ICE)

Oppenheimer Asset Management Inc. reduced its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 3.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,224 shares of the financial services provider's stock after selling 4,183 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in Intercontinental Exchange were worth $18,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICE. Brighton Jones LLC lifted its holdings in Intercontinental Exchange by 51.3% during 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 during the last quarter. Global Retirement Partners LLC lifted its holdings in Intercontinental Exchange by 10.5% during the 4th quarter. Global Retirement Partners LLC now owns 3,537 shares of the financial services provider's stock worth $527,000 after purchasing an additional 337 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Intercontinental Exchange by 24.8% during the 4th quarter. Private Advisor Group LLC now owns 38,195 shares of the financial services provider's stock worth $5,691,000 after purchasing an additional 7,579 shares during the last quarter. ING Groep NV acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $3,867,000. Finally, Callan Capital LLC lifted its holdings in Intercontinental Exchange by 5.2% during the 4th quarter. Callan Capital LLC now owns 1,594 shares of the financial services provider's stock worth $238,000 after purchasing an additional 79 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. Barclays lifted their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a report on Friday, May 2nd. Bank of America dropped their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Finally, Morgan Stanley lifted their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $188.46.

Insider Activity

In related news, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the sale, the director now owns 21,364 shares in the company, valued at $3,396,876. The trade was a 10.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 3,848 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $179.12, for a total value of $689,253.76. Following the sale, the general counsel now owns 48,480 shares in the company, valued at $8,683,737.60. This represents a 7.35% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 227,954 shares of company stock worth $40,796,663. Insiders own 1.00% of the company's stock.

Intercontinental Exchange Price Performance

Shares of ICE traded up $1.12 during midday trading on Tuesday, hitting $180.85. The company's stock had a trading volume of 2,101,669 shares, compared to its average volume of 3,010,879. Intercontinental Exchange Inc. has a one year low of $136.21 and a one year high of $181.65. The company's fifty day simple moving average is $173.59 and its two-hundred day simple moving average is $165.13. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $103.74 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12.

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, beating the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 13.27% and a net margin of 22.84%. The company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same quarter last year, the company posted $1.48 EPS. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

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

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.