Intercontinental Exchange Inc. $ICE Shares Sold by LGT Capital Partners LTD.

LGT Capital Partners LTD. decreased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 7.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 216,213 shares of the financial services provider’s stock after selling 16,420 shares during the period. Intercontinental Exchange accounts for approximately 1.8% of LGT Capital Partners LTD.’s portfolio, making the stock its 24th largest holding. LGT Capital Partners LTD.’s holdings in Intercontinental Exchange were worth $36,428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ICE. Westside Investment Management Inc. acquired a new position in Intercontinental Exchange in the second quarter valued at $29,000. Private Wealth Management Group LLC increased its stake in shares of Intercontinental Exchange by 59.5% during the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 66 shares during the last quarter. Knuff & Co LLC lifted its holdings in shares of Intercontinental Exchange by 73.3% during the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares during the period. Cornerstone Planning Group LLC boosted its position in shares of Intercontinental Exchange by 128.6% in the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 153 shares during the last quarter. Finally, Capital A Wealth Management LLC grew its holdings in Intercontinental Exchange by 26,000.0% in the second quarter. Capital A Wealth Management LLC now owns 261 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 260 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE opened at $153.93 on Tuesday. The stock has a fifty day moving average of $164.43 and a 200-day moving average of $163.97. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $87.42 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 1.60 and a beta of 1.02. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The business had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The firm’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.52 EPS. As a group, equities analysts anticipate that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 33.28%.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 3,865 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $153.73, for a total transaction of $594,166.45. Following the transaction, the president directly owned 165,304 shares in the company, valued at $25,412,183.92. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Mayur Kapani sold 15,213 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total value of $2,358,319.26. Following the completion of the sale, the chief technology officer owned 64,869 shares of the company’s stock, valued at $10,055,992.38. This represents a 19.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 341,036 shares of company stock valued at $53,068,762 over the last quarter. Company insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Morgan Stanley set a $183.00 price objective on Intercontinental Exchange and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. Barclays set a $193.00 target price on Intercontinental Exchange and gave the company an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. Finally, Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Buy” and an average price target of $195.40.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.