Intercontinental Exchange Inc. $ICE Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB trimmed its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 20.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,779 shares of the financial services provider’s stock after selling 4,941 shares during the period. E. Ohman J or Asset Management AB’s holdings in Intercontinental Exchange were worth $3,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ICE. Holos Integrated Wealth LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth about $28,000. Private Wealth Management Group LLC boosted its position in shares of Intercontinental Exchange by 59.5% in the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after buying an additional 66 shares during the period. Knuff & Co LLC grew its stake in shares of Intercontinental Exchange by 73.3% in the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after buying an additional 74 shares in the last quarter. Caitlin John LLC purchased a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $32,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of Intercontinental Exchange by 128.6% during the 3rd quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock valued at $46,000 after buying an additional 153 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Barclays set a $193.00 price target on Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, February 6th. UBS Group reissued a “buy” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Monday, February 9th. Morgan Stanley set a $183.00 target price on shares of Intercontinental Exchange and gave the company an “equal weight” rating in a research note on Tuesday, February 10th. TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a report on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a research note on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Intercontinental Exchange has an average rating of “Buy” and an average price target of $194.73.

Insider Transactions at Intercontinental Exchange

In other news, insider Lynn C. Martin sold 13,456 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $153.86, for a total value of $2,070,340.16. Following the transaction, the insider directly owned 54,319 shares in the company, valued at approximately $8,357,521.34. This trade represents a 19.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 12,861 shares of Intercontinental Exchange stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the completion of the transaction, the president directly owned 165,692 shares of the company’s stock, valued at $27,339,180. This trade represents a 7.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 348,418 shares of company stock valued at $54,196,631 over the last quarter. Insiders own 1.00% of the company’s stock.

Intercontinental Exchange Stock Down 0.8%

Shares of Intercontinental Exchange stock opened at $157.10 on Tuesday. The business has a 50-day moving average price of $163.83 and a 200 day moving average price of $161.39. Intercontinental Exchange Inc. has a fifty-two week low of $143.17 and a fifty-two week high of $189.35. The firm has a market cap of $89.22 billion, a P/E ratio of 27.23, a P/E/G ratio of 1.71 and a beta of 1.03. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. The company 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%.Intercontinental Exchange’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. On average, sell-side analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 annualized dividend and a yield of 1.3%. Intercontinental Exchange’s dividend payout ratio (DPR) is 36.05%.

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.