Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Park National Corp OH

Park National Corp OH reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,084 shares of the financial services provider's stock after selling 5,480 shares during the period. Intercontinental Exchange accounts for about 1.2% of Park National Corp OH's holdings, making the stock its 25th biggest position. Park National Corp OH's holdings in Intercontinental Exchange were worth $31,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of ICE. Vanguard Group Inc. raised its holdings in shares of Intercontinental Exchange by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock worth $7,782,521,000 after acquiring an additional 538,670 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Intercontinental Exchange by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock worth $1,765,317,000 after acquiring an additional 327,637 shares during the last quarter. Royal Bank of Canada raised its stake in Intercontinental Exchange by 132.9% in the 4th quarter. Royal Bank of Canada now owns 9,121,352 shares of the financial services provider's stock valued at $1,359,173,000 after purchasing an additional 5,204,309 shares during the last quarter. Norges Bank acquired a new position in Intercontinental Exchange in the 4th quarter valued at about $1,196,258,000. Finally, Northern Trust Corp raised its stake in Intercontinental Exchange by 9.7% in the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock valued at $1,105,953,000 after purchasing an additional 655,247 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 552 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $174.52, for a total value 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. This trade represents a 3.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the sale, the director now 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 disclosure for this sale can be found here. In the last three months, insiders sold 3,579 shares of company stock worth $584,818. Corporate insiders own 1.00% of the company's stock.

Intercontinental Exchange Trading Up 0.8%

ICE traded up $1.42 on Friday, reaching $179.95. 5,439,058 shares of the company's stock were exchanged, compared to its average volume of 3,019,494. The company's 50 day moving average is $168.09 and its 200-day moving average is $162.63. The company has a market cap of $103.22 billion, a price-to-earnings ratio of 37.65, a PEG ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a twelve month low of $132.57 and a twelve month high of $180.64. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same quarter in the prior year, the business earned $1.48 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. Equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

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 issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ICE. Barclays boosted their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. UBS Group boosted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Wall Street Zen upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Bank of America cut their price target 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, Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $188.46.

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.