Intercontinental Exchange Inc. (NYSE:ICE) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE - Free Report) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,703,341 shares of the financial services provider's stock after selling 61,964 shares during the quarter. Intercontinental Exchange makes up 1.7% of Vontobel Holding Ltd.'s holdings, making the stock its 15th largest holding. Vontobel Holding Ltd. owned about 0.47% of Intercontinental Exchange worth $466,326,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider's stock worth $514,000 after acquiring an additional 1,169 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in Intercontinental Exchange by 215.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,455 shares of the financial services provider's stock valued at $664,000 after purchasing an additional 3,044 shares in the last quarter. Private Trust Co. NA lifted its stake in shares of Intercontinental Exchange by 2.9% during the fourth quarter. Private Trust Co. NA now owns 2,702 shares of the financial services provider's stock worth $403,000 after buying an additional 77 shares during the period. Fisher Asset Management LLC grew its stake in Intercontinental Exchange by 11.7% during the 4th quarter. Fisher Asset Management LLC now owns 1,396 shares of the financial services provider's stock valued at $208,000 after purchasing an additional 146 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Intercontinental Exchange by 28.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 10,103 shares of the financial services provider's stock worth $1,509,000 after buying an additional 2,246 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Stock Down 0.8%

NYSE:ICE traded down $1.54 during mid-day trading on Tuesday, hitting $181.93. The company had a trading volume of 2,223,740 shares, compared to its average volume of 2,998,171. Intercontinental Exchange Inc. has a 1 year low of $136.25 and a 1 year high of $183.78. The business has a fifty day simple moving average of $175.53 and a 200-day simple moving average of $165.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $104.36 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 1.96 and a beta of 1.12.

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

Intercontinental Exchange Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently issued reports on ICE. Keefe, Bruyette & Woods raised their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research report on Friday, May 2nd. Morgan Stanley raised their price target on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Bank of America decreased 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, Barclays raised their target price on Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Intercontinental Exchange has a consensus rating of "Moderate Buy" and a consensus target price of $188.46.

Insider Buying and Selling

In other news, CEO Jeffrey C. Sprecher sold 150,000 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $179.22, for a total value of $26,883,000.00. Following the transaction, the chief executive officer directly owned 2,101,705 shares in the company, valued at approximately $376,667,570.10. This trade represents a 6.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO James W. Namkung sold 612 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $180.00, for a total value of $110,160.00. Following the transaction, the chief accounting officer directly owned 13,220 shares of the company's stock, valued at $2,379,600. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 227,954 shares of company stock worth $40,796,663. 1.00% of the stock is currently owned by insiders.

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.