Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 1.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,023 shares of the financial services provider’s stock after selling 866 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Intercontinental Exchange were worth $8,351,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Intercontinental Exchange by 3.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 134,409 shares of the financial services provider’s stock valued at $14,788,000 after acquiring an additional 4,405 shares during the period. ING Groep NV purchased a new position in shares of Intercontinental Exchange in the third quarter worth about $159,000. Assetmark Inc. raised its stake in shares of Intercontinental Exchange by 3.0% in the third quarter. Assetmark Inc. now owns 10,138 shares of the financial services provider’s stock worth $1,115,000 after purchasing an additional 297 shares during the last quarter. Choate Investment Advisors lifted its holdings in shares of Intercontinental Exchange by 10.6% during the third quarter. Choate Investment Advisors now owns 4,576 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 438 shares during the period. Finally, Yousif Capital Management LLC boosted its position in Intercontinental Exchange by 6.8% in the third quarter. Yousif Capital Management LLC now owns 86,632 shares of the financial services provider’s stock valued at $9,531,000 after buying an additional 5,553 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, President Benjamin Jackson sold 27,970 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $134.74, for a total value of $3,768,677.80. Following the transaction, the president now directly owns 138,487 shares of the company’s stock, valued at approximately $18,659,738.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, President Benjamin Jackson sold 27,970 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $134.74, for a total transaction of $3,768,677.80. Following the completion of the sale, the president now directly owns 138,487 shares in the company, valued at $18,659,738.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 341 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $131.74, for a total value of $44,923.34. Following the completion of the transaction, the general counsel now owns 48,713 shares in the company, valued at approximately $6,417,450.62. The disclosure for this sale can be found here. Insiders have sold a total of 143,621 shares of company stock worth $19,585,506 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ICE shares. Keefe, Bruyette & Woods reduced their price target on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. UBS Group boosted their target price on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Citigroup upped their price target on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, April 4th. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. Finally, Barclays lowered their target price on Intercontinental Exchange from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.92.

Check Out Our Latest Stock Analysis on Intercontinental Exchange

Intercontinental Exchange Price Performance

ICE stock traded down $0.34 during mid-day trading on Monday, reaching $133.65. 821,987 shares of the company’s stock were exchanged, compared to its average volume of 2,373,258. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.01. Intercontinental Exchange, Inc. has a 12-month low of $103.81 and a 12-month high of $140.43. The stock’s 50 day moving average is $134.51 and its 200 day moving average is $126.78. The company has a market cap of $76.66 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.58 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the firm posted $1.41 EPS. The business’s revenue was up 20.8% on a year-over-year basis. On average, research analysts expect that Intercontinental Exchange, Inc. will post 5.94 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.80 annualized dividend and a dividend yield of 1.35%. Intercontinental Exchange’s dividend payout ratio (DPR) is 41.28%.

Intercontinental Exchange Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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