Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 46.1% during the fourth quarter, HoldingsChannel reports. The fund owned 6,294 shares of the financial services provider’s stock after selling 5,392 shares during the period. OLD National Bancorp IN’s holdings in Intercontinental Exchange were worth $808,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its stake in Intercontinental Exchange by 52.8% during the third quarter. Ritholtz Wealth Management now owns 4,722 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 1,631 shares in the last quarter. Flagship Harbor Advisors LLC lifted its stake in Intercontinental Exchange by 17.9% during the third quarter. Flagship Harbor Advisors LLC now owns 2,941 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 447 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in Intercontinental Exchange by 28.7% during the third quarter. Integrated Investment Consultants LLC now owns 2,635 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 588 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in Intercontinental Exchange by 0.4% during the third quarter. GHP Investment Advisors Inc. now owns 30,626 shares of the financial services provider’s stock worth $3,382,000 after purchasing an additional 108 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Intercontinental Exchange during the third quarter worth $203,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on ICE. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Raymond James upped their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a research report on Friday, January 5th. Rosenblatt Securities upped their price objective on Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Bank of America cut their price objective on Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Finally, Morgan Stanley upped their price objective on Intercontinental Exchange from $139.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.08.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $132.35 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a 1 year low of $103.81 and a 1 year high of $140.43. The company has a market capitalization of $75.78 billion, a PE ratio of 31.51, a P/E/G ratio of 2.15 and a beta of 1.02. The company has a fifty day moving average of $136.16 and a two-hundred day moving average of $124.95.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The business had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The business’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, analysts expect that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current year.

Intercontinental Exchange Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.45 per share. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 annualized dividend and a dividend yield of 1.36%. Intercontinental Exchange’s dividend payout ratio is 42.86%.

Insider Activity at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 500 shares of the firm’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $138.83, for a total value of $69,415.00. Following the completion of the sale, the chief financial officer now owns 18,326 shares in the company, valued at $2,544,198.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Judith A. Sprieser sold 2,238 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $137.36, for a total transaction of $307,411.68. Following the completion of the transaction, the director now directly owns 29,347 shares of the company’s stock, valued at approximately $4,031,103.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Warren Gardiner sold 500 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $138.83, for a total transaction of $69,415.00. Following the completion of the sale, the chief financial officer now directly owns 18,326 shares of the company’s stock, valued at $2,544,198.58. The disclosure for this sale can be found here. Insiders sold a total of 157,491 shares of company stock worth $21,454,204 over the last 90 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.