Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 13.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,142,497 shares of the financial services provider’s stock after selling 327,162 shares during the period. Ensign Peak Advisors Inc owned approximately 0.37% of Intercontinental Exchange worth $319,253,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ICE. Principal Financial Group Inc. boosted its position in shares of Intercontinental Exchange by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 656,874 shares of the financial services provider’s stock worth $105,520,000 after purchasing an additional 23,638 shares in the last quarter. Nordea Investment Management AB grew its position in Intercontinental Exchange by 8.4% during the fourth quarter. Nordea Investment Management AB now owns 63,369 shares of the financial services provider’s stock worth $9,449,000 after buying an additional 4,893 shares during the period. Diversified Trust Co increased its holdings in Intercontinental Exchange by 55.3% in the fourth quarter. Diversified Trust Co now owns 9,247 shares of the financial services provider’s stock valued at $1,378,000 after buying an additional 3,294 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Intercontinental Exchange by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider’s stock worth $5,647,000 after acquiring an additional 366 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of Intercontinental Exchange by 6.4% in the 4th quarter. Czech National Bank now owns 124,493 shares of the financial services provider’s stock worth $18,551,000 after acquiring an additional 7,535 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $166.36, for a total transaction of $1,314,244.00. Following the sale, the president now directly owns 160,059 shares in the company, valued at approximately $26,627,415.24. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 in the company, valued at $3,396,876. This trade represents a 10.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,368 shares of company stock worth $7,077,789. Company insiders own 1.00% of the company’s stock.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $176.45 on Friday. Intercontinental Exchange, Inc. has a 1 year low of $131.79 and a 1 year high of $178.80. 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 firm has a 50 day moving average price of $166.76 and a 200 day moving average price of $160.91. The company has a market cap of $101.37 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. During the same period in the prior year, the firm posted $1.48 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given 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 dividend payout ratio (DPR) is presently 39.75%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ICE. JPMorgan Chase & Co. decreased their target price on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. UBS Group boosted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Morgan Stanley raised their target price on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a report on Monday. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barclays raised their price objective 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. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $185.93.

About Intercontinental Exchange

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.