Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 92.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,381 shares of the financial services provider's stock after selling 93,383 shares during the period. Point72 Hong Kong Ltd's holdings in Intercontinental Exchange were worth $1,100,000 at the end of the most recent reporting period.

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

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of the company'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 transaction of $1,141,209.66. Following the sale, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. This represents a 27.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange 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 completion of the transaction, the director now directly owns 21,364 shares of the company's stock, valued at approximately $3,396,876. This represents a 10.96% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,368 shares of company stock valued at $7,077,789. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ICE has been the subject of several recent research reports. Keefe, Bruyette & Woods increased 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. Morgan Stanley lifted their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. UBS Group upped their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Barclays upped their price objective 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. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $185.93.

Intercontinental Exchange Trading Up 0.2%

ICE traded up $0.36 on Monday, reaching $176.61. 2,731,494 shares of the company's stock were exchanged, compared to its average volume of 2,975,158. Intercontinental Exchange, Inc. has a twelve month low of $131.79 and a twelve month high of $179.44. The company's 50 day moving average is $167.31 and its 200-day moving average is $161.26. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $101.31 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS 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 last year, the company posted $1.48 earnings per share. The firm's 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 company 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 dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. Intercontinental Exchange's payout ratio is 39.75%.

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.