Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,091 shares of the financial services provider’s stock after selling 6,535 shares during the quarter. Geneva Capital Management LLC’s holdings in Intercontinental Exchange were worth $23,514,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in shares of Intercontinental Exchange by 4.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 41,212 shares of the financial services provider’s stock worth $4,534,000 after buying an additional 1,716 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Intercontinental Exchange by 11.4% in the third quarter. Lindbrook Capital LLC now owns 1,459 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 149 shares during the period. Mackenzie Financial Corp grew its stake in shares of Intercontinental Exchange by 44.5% during the 3rd quarter. Mackenzie Financial Corp now owns 444,614 shares of the financial services provider’s stock worth $47,836,000 after purchasing an additional 136,860 shares during the period. Strs Ohio increased its holdings in Intercontinental Exchange by 6.6% in the third quarter. Strs Ohio now owns 254,855 shares of the financial services provider’s stock valued at $28,039,000 after buying an additional 15,877 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its stake in Intercontinental Exchange by 3.6% in the 3rd quarter. IFM Investors Pty Ltd now owns 111,667 shares of the financial services provider’s stock valued at $12,286,000 after purchasing an additional 3,835 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,176 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.00, for a total transaction of $295,936.00. Following the transaction, the chief financial officer now directly owns 12,061 shares in the company, valued at approximately $1,640,296. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Intercontinental Exchange news, CFO Warren Gardiner sold 2,176 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $136.00, for a total transaction of $295,936.00. Following the transaction, the chief financial officer now owns 12,061 shares of the company’s stock, valued at approximately $1,640,296. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Douglas Foley sold 7,070 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.09, for a total value of $962,156.30. Following the completion of the sale, the senior vice president now owns 18,383 shares of the company’s stock, valued at $2,501,742.47. The disclosure for this sale can be found here. Insiders have sold 152,867 shares of company stock valued at $20,843,598 in the last quarter. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of several research reports. Morgan Stanley increased their price target on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. StockNews.com cut Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. lifted their price objective on Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $164.00 target price on shares of Intercontinental Exchange in a research note on Friday, May 3rd. Finally, UBS Group raised their price target on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $147.92.

Intercontinental Exchange Trading Up 1.2 %

Shares of Intercontinental Exchange stock traded up $1.56 during trading hours on Thursday, reaching $134.95. The stock had a trading volume of 1,469,909 shares, compared to its average volume of 2,396,228. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. Intercontinental Exchange, Inc. has a 1 year low of $103.81 and a 1 year high of $140.43. The firm has a market capitalization of $77.41 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 2.14 and a beta of 1.02. The firm has a 50 day simple moving average of $134.67 and a two-hundred day simple moving average of $126.40.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.48 EPS for the quarter, meeting the consensus estimate of $1.48. Intercontinental Exchange had a return on equity of 12.76% and a net margin of 24.24%. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same period last year, the company posted $1.41 earnings per share. The firm’s revenue was up 20.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Thursday, June 13th. Intercontinental Exchange’s payout ratio is 41.28%.

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.