Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.2% during the 2nd quarter, HoldingsChannel reports. The fund owned 32,980 shares of the financial services provider’s stock after selling 746 shares during the period. Securian Asset Management Inc.’s holdings in Intercontinental Exchange were worth $4,515,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Pettyjohn Wood & White Inc. lifted its holdings in shares of Intercontinental Exchange by 0.5% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 15,813 shares of the financial services provider’s stock worth $2,031,000 after acquiring an additional 75 shares during the period. Busey Bank raised its holdings in Intercontinental Exchange by 3.4% in the first quarter. Busey Bank now owns 2,439 shares of the financial services provider’s stock valued at $335,000 after buying an additional 80 shares during the period. Western Pacific Wealth Management LP raised its holdings in Intercontinental Exchange by 4.9% in the fourth quarter. Western Pacific Wealth Management LP now owns 1,715 shares of the financial services provider’s stock valued at $220,000 after buying an additional 80 shares during the period. Spire Wealth Management raised its holdings in Intercontinental Exchange by 16.4% in the first quarter. Spire Wealth Management now owns 582 shares of the financial services provider’s stock valued at $80,000 after buying an additional 82 shares during the period. Finally, Fortitude Family Office LLC raised its holdings in Intercontinental Exchange by 37.8% in the second quarter. Fortitude Family Office LLC now owns 299 shares of the financial services provider’s stock valued at $41,000 after buying an additional 82 shares during the period. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Up 0.3 %

Shares of ICE stock traded up $0.42 during mid-day trading on Monday, reaching $154.50. 1,071,975 shares of the company were exchanged, compared to its average volume of 2,466,818. Intercontinental Exchange, Inc. has a fifty-two week low of $104.49 and a fifty-two week high of $154.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.01 and a current ratio of 0.99. The company has a market capitalization of $88.62 billion, a P/E ratio of 35.34, a P/E/G ratio of 2.68 and a beta of 1.06. The business’s 50 day simple moving average is $142.88 and its 200 day simple moving average is $137.41.

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

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Monday, September 16th. Intercontinental Exchange’s dividend payout ratio is presently 41.28%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. Bank of America cut their price target on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft downgraded shares of Intercontinental Exchange from a “buy” rating to a “hold” rating and lowered their price objective for the company from $155.00 to $152.00 in a research report on Friday, August 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a research report on Friday, May 3rd. Finally, The Goldman Sachs Group raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and increased their price objective for the company from $143.00 to $167.00 in a research report on Monday, July 1st. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.79.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of Intercontinental Exchange stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $148.60, for a total value of $148,600.00. Following the completion of the transaction, the insider now owns 14,636 shares of the company’s stock, valued at $2,174,909.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $148.60, for a total value of $148,600.00. Following the sale, the insider now directly owns 14,636 shares in the company, valued at $2,174,909.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO James W. Namkung sold 1,043 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $150.00, for a total value of $156,450.00. Following the completion of the sale, the chief accounting officer now owns 17,836 shares in the company, valued at $2,675,400. The disclosure for this sale can be found here. Insiders sold a total of 64,992 shares of company stock valued at $9,197,801 over the last 90 days. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Profile

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.