Intercontinental Exchange, Inc. (NYSE:ICE) Holdings Cut by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt lowered its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 15.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,057 shares of the financial services provider’s stock after selling 200 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Intercontinental Exchange were worth $145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ICE. Scarborough Advisors LLC acquired a new position in Intercontinental Exchange in the fourth quarter worth approximately $25,000. Annapolis Financial Services LLC grew its position in Intercontinental Exchange by 1,018.8% in the first quarter. Annapolis Financial Services LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 163 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Intercontinental Exchange during the 1st quarter worth $26,000. Stuart Chaussee & Associates Inc. bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at $28,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Intercontinental Exchange by 82.3% in the 1st quarter. Venturi Wealth Management LLC now owns 206 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 93 shares during the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock traded down $0.15 on Monday, hitting $153.93. The company’s stock had a trading volume of 840,901 shares, compared to its average volume of 2,465,318. Intercontinental Exchange, Inc. has a one year low of $104.49 and a one year high of $154.38. The firm has a market cap of $88.29 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 0.99 and a debt-to-equity ratio of 0.69. The company has a fifty day moving average price of $142.88 and a 200-day moving average price of $137.41.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping the consensus estimate of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company earned $1.43 EPS. Intercontinental Exchange’s revenue was up 22.7% on a year-over-year basis. On average, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Monday, September 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 41.28%.

Insider Activity at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,267 shares of Intercontinental Exchange stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the transaction, the director now owns 28,849 shares in the company, valued at approximately $3,882,209.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, General Counsel Andrew J. Surdykowski sold 1,898 shares of the company’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $136.66, for a total transaction of $259,380.68. Following the transaction, the general counsel now owns 46,815 shares of the company’s stock, valued at $6,397,737.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Judith A. Sprieser sold 2,267 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total transaction of $305,070.19. Following the completion of the transaction, the director now directly owns 28,849 shares in the company, valued at approximately $3,882,209.93. The disclosure for this sale can be found here. Insiders sold 64,992 shares of company stock valued at $9,197,801 in the last ninety days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Rosenblatt Securities reissued a “buy” rating and set a $164.00 target price on shares of Intercontinental Exchange in a research report on Friday, May 3rd. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $168.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Citigroup boosted their target price on Intercontinental Exchange from $160.00 to $162.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Argus reiterated a “buy” rating and set a $153.00 price target on shares of Intercontinental Exchange in a report on Tuesday, May 21st. Finally, StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $154.79.

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.