Gotham Asset Management LLC Sells 5,282 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Gotham Asset Management LLC cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,454 shares of the financial services provider's stock after selling 5,282 shares during the quarter. Gotham Asset Management LLC's holdings in Intercontinental Exchange were worth $9,157,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $1,196,258,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of Intercontinental Exchange by 423.8% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider's stock valued at $677,465,000 after purchasing an additional 3,678,384 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at $406,728,000. Swedbank AB lifted its holdings in shares of Intercontinental Exchange by 2,293.3% in the fourth quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after purchasing an additional 2,123,185 shares in the last quarter. Finally, AMF Tjanstepension AB raised its holdings in shares of Intercontinental Exchange by 1,237.7% during the fourth quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider's stock worth $253,591,000 after acquiring an additional 1,574,386 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In other news, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total value 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. The trade was a 10.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the completion of the transaction, the insider now directly owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,368 shares of company stock valued at $7,077,789 in the last three months. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of ICE stock traded up $1.25 during trading hours on Friday, hitting $176.10. The company had a trading volume of 2,330,889 shares, compared to its average volume of 2,969,422. Intercontinental Exchange, Inc. has a 12 month low of $131.79 and a 12 month high of $179.44. The firm has a market capitalization of $101.01 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 2.10 and a beta of 1.12. The firm's fifty day moving average is $167.15 and its 200 day moving average is $161.20. 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 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 company had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the prior year, the company posted $1.48 EPS. The company's revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.09%. Intercontinental Exchange's payout ratio is currently 39.75%.

Analyst Ratings Changes

Several brokerages recently issued reports on ICE. Keefe, Bruyette & Woods increased their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a report on Friday, May 2nd. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley raised their target price on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. JPMorgan Chase & Co. cut their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $185.93.

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.