Paradigm Asset Management Co. LLC Sells 12,600 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Paradigm Asset Management Co. LLC reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 66.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,381 shares of the financial services provider’s stock after selling 12,600 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Intercontinental Exchange were worth $951,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AMF Tjanstepension AB increased its position in shares of Intercontinental Exchange by 14.5% during the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after purchasing an additional 16,130 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Intercontinental Exchange by 836.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 368 shares during the last quarter. Raleigh Capital Management Inc. increased its position in shares of Intercontinental Exchange by 26.4% during the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 63 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Intercontinental Exchange by 15.5% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,293 shares of the financial services provider’s stock valued at $1,653,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Intercontinental Exchange by 3.7% during the 3rd quarter. Signaturefd LLC now owns 8,876 shares of the financial services provider’s stock valued at $1,426,000 after purchasing an additional 316 shares during the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Shares of ICE opened at $167.00 on Friday. The company has a market cap of $95.95 billion, a PE ratio of 34.94, a price-to-earnings-growth ratio of 2.11 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average price of $155.18 and a 200-day moving average price of $157.99. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $169.78.

Intercontinental Exchange (NYSE:ICE) last released its 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 return on equity of 12.95% and a net margin of 23.42%. As a group, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.71 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Barclays lifted their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. decreased their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

Insiders Place Their Bets

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the transaction, the insider now directly owns 17,972 shares of the company’s stock, valued at $3,001,144.28. The trade was a 27.55 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the transaction, the president now directly owns 156,163 shares in the company, valued at $24,986,080. This trade represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,196 shares of company stock valued at $10,840,972 in the last ninety days. Company insiders own 1.10% of the company’s stock.

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.