TD Asset Management Inc Sells 16,249 Shares of Intercontinental Exchange Inc. $ICE

TD Asset Management Inc lowered its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 231,544 shares of the financial services provider’s stock after selling 16,249 shares during the quarter. TD Asset Management Inc’s holdings in Intercontinental Exchange were worth $39,011,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ICE. Brighton Jones LLC boosted its holdings in Intercontinental Exchange by 51.3% in the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after buying an additional 1,169 shares during the period. Empowered Funds LLC lifted its position in shares of Intercontinental Exchange by 9.0% in the first quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock valued at $2,483,000 after acquiring an additional 1,189 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Intercontinental Exchange by 16.2% in the second quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 289 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of Intercontinental Exchange by 6.2% in the second quarter. Flagship Harbor Advisors LLC now owns 5,634 shares of the financial services provider’s stock worth $1,034,000 after acquiring an additional 327 shares during the period. Finally, World Investment Advisors boosted its stake in shares of Intercontinental Exchange by 23.8% in the second quarter. World Investment Advisors now owns 13,449 shares of the financial services provider’s stock worth $2,467,000 after acquiring an additional 2,588 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Insider Activity at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 15,213 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $155.02, for a total value of $2,358,319.26. Following the sale, the chief technology officer owned 64,869 shares of the company’s stock, valued at approximately $10,055,992.38. This represents a 19.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Warren Gardiner sold 2,490 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $154.00, for a total transaction of $383,460.00. Following the transaction, the chief financial officer directly owned 27,679 shares of the company’s stock, valued at approximately $4,262,566. This represents a 8.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 354,492 shares of company stock worth $55,139,102 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on ICE shares. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Raymond James Financial reiterated a “strong-buy” rating and set a $211.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. TD Cowen restated a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Intercontinental Exchange in a research note on Monday, December 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $195.40.

Intercontinental Exchange Stock Up 0.7%

Shares of NYSE:ICE opened at $164.05 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The company has a 50-day moving average price of $164.47 and a 200 day moving average price of $163.57. The company has a market cap of $93.17 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 1.70 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 33.28%.

About Intercontinental Exchange

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.