Nebula Research & Development LLC Has $1.83 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Nebula Research & Development LLC cut its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,308 shares of the financial services provider's stock after selling 6,670 shares during the period. Nebula Research & Development LLC's holdings in Intercontinental Exchange were worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ICE. Vanguard Group Inc. boosted its stake in shares of Intercontinental Exchange by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock valued at $7,782,521,000 after purchasing an additional 538,670 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 valued at $1,765,317,000 after acquiring an additional 327,637 shares during the last quarter. Norges Bank bought a new position in Intercontinental Exchange in the fourth quarter valued at approximately $1,196,258,000. Independent Franchise Partners LLP grew its holdings in Intercontinental Exchange by 20.8% during the 4th quarter. Independent Franchise Partners LLP now owns 6,160,836 shares of the financial services provider's stock worth $918,026,000 after acquiring an additional 1,062,904 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Intercontinental Exchange by 8.0% during the 3rd quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider's stock valued at $865,455,000 after acquiring an additional 390,332 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Douglas Foley sold 10,580 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the transaction, the senior vice president now owns 21,992 shares in the company, valued at approximately $3,661,008.24. This represents a 32.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Benjamin Jackson sold 7,900 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the sale, the president now owns 147,274 shares of the company's stock, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,931 shares of company stock valued at $10,492,868 over the last ninety days. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group upped their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Bank of America dropped their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Finally, StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $182.47.

Intercontinental Exchange Stock Performance

Shares of ICE traded up $1.76 during midday trading on Wednesday, reaching $168.09. The stock had a trading volume of 2,526,939 shares, compared to its average volume of 2,932,805. The firm has a market cap of $96.57 billion, a PE ratio of 35.17, a P/E/G ratio of 2.10 and a beta of 1.09. The firm has a 50 day simple moving average of $166.38 and a 200-day simple moving average of $160.49. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is 40.17%.

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.