Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Axecap Investments LLC

Axecap Investments LLC cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 26.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,045 shares of the financial services provider’s stock after selling 5,280 shares during the period. Intercontinental Exchange makes up approximately 1.7% of Axecap Investments LLC’s holdings, making the stock its 28th biggest position. Axecap Investments LLC’s holdings in Intercontinental Exchange were worth $2,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ICE. AMF Tjanstepension AB lifted its position in shares of Intercontinental Exchange by 14.5% in the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after acquiring an additional 16,130 shares in the last quarter. Brookstone Capital Management purchased a new stake in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $212,000. Livforsakringsbolaget Skandia Omsesidigt lifted its position in shares of Intercontinental Exchange by 297.2% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,198 shares of the financial services provider’s stock valued at $674,000 after acquiring an additional 3,141 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Intercontinental Exchange by 5.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 6,684 shares of the financial services provider’s stock valued at $1,074,000 after acquiring an additional 355 shares in the last quarter. Finally, Carnegie Investment Counsel lifted its position in shares of Intercontinental Exchange by 0.7% in the 3rd quarter. Carnegie Investment Counsel now owns 14,351 shares of the financial services provider’s stock valued at $2,305,000 after acquiring an additional 106 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the transaction, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,358 shares of company stock worth $5,535,650 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Up 0.3 %

Intercontinental Exchange stock opened at $167.28 on Tuesday. The company has a market capitalization of $96.05 billion, a P/E ratio of 35.00, a P/E/G ratio of 3.21 and a beta of 1.11. The firm’s fifty day simple moving average is $153.35 and its 200-day simple moving average is $157.06. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $169.75.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.63 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.15%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 37.66%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reduced their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley upped their price target on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $178.80.

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.