Toronto Dominion Bank Has $43.93 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Toronto Dominion Bank cut its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 294,860 shares of the financial services provider's stock after selling 15,700 shares during the period. Toronto Dominion Bank owned about 0.05% of Intercontinental Exchange worth $43,933,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICE. Strategic Advisors LLC increased its holdings in Intercontinental Exchange by 5.1% in the fourth 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 during the last quarter. Johnson Investment Counsel Inc. lifted its holdings in Intercontinental Exchange by 2.3% during the 4th quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock worth $465,000 after buying an additional 71 shares during the last quarter. Quadcap Wealth Management LLC grew its position in shares of Intercontinental Exchange by 1.2% in the 4th quarter. Quadcap Wealth Management LLC now owns 6,162 shares of the financial services provider's stock worth $918,000 after acquiring an additional 71 shares in the last quarter. Colonial Trust Co SC increased its holdings in shares of Intercontinental Exchange by 11.7% in the 4th quarter. Colonial Trust Co SC now owns 687 shares of the financial services provider's stock valued at $102,000 after acquiring an additional 72 shares during the last quarter. Finally, Sprott Inc. raised its position in shares of Intercontinental Exchange by 2.4% during the 4th quarter. Sprott Inc. now owns 3,085 shares of the financial services provider's stock valued at $460,000 after acquiring an additional 73 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Trading Up 0.8%

NYSE ICE traded up $1.42 on Friday, hitting $179.95. 5,266,469 shares of the stock were exchanged, compared to its average volume of 3,018,810. The company's 50-day moving average price is $168.00 and its two-hundred day moving average price is $162.46. 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, Inc. has a 52-week low of $131.79 and a 52-week high of $182.03. The company has a market capitalization of $103.22 billion, a price-to-earnings ratio of 37.65, a P/E/G ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly 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. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. Intercontinental Exchange's quarterly revenue was up 8.0% on a year-over-year basis. Research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is 39.75%.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 397 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $177.11, for a total value of $70,312.67. Following the transaction, the director now directly owns 4,526 shares of the company's stock, valued at $801,599.86. This represents a 8.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange 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 approximately $3,396,876. This represents a 10.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,579 shares of company stock worth $584,818. 1.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ICE. UBS Group boosted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Barclays upped their price target on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Morgan Stanley lifted their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Wall Street Zen raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Bank of America cut their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average price target of $188.46.

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.