Intercontinental Exchange Inc. $ICE Stock Position Decreased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB cut its holdings in Intercontinental Exchange Inc. (NYSE:ICE) by 73.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,028 shares of the financial services provider’s stock after selling 16,762 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Intercontinental Exchange were worth $1,016,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Knuff & Co LLC raised its holdings in shares of Intercontinental Exchange by 73.3% during the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 74 shares in the last quarter. Private Wealth Management Group LLC boosted its holdings in Intercontinental Exchange by 59.5% in the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 66 shares in the last quarter. Caitlin John LLC acquired a new position in Intercontinental Exchange during the third quarter worth $32,000. Capital A Wealth Management LLC raised its holdings in Intercontinental Exchange by 26,000.0% during the second quarter. Capital A Wealth Management LLC now owns 261 shares of the financial services provider’s stock valued at $48,000 after buying an additional 260 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of Intercontinental Exchange by 128.6% in the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock worth $46,000 after buying an additional 153 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Trading Up 0.8%

Shares of Intercontinental Exchange stock opened at $158.37 on Friday. Intercontinental Exchange Inc. has a 1 year low of $143.17 and a 1 year high of $189.35. The company’s fifty day simple moving average is $164.16 and its 200-day simple moving average is $161.83. The company has a market cap of $89.94 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.70 and a beta of 1.03. 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 (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. As a group, sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 36.05%.

Insider Activity

In other Intercontinental Exchange news, CEO Jeffrey C. Sprecher sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $155.00, for a total value of $23,250,000.00. Following the completion of the transaction, the chief executive officer owned 1,651,705 shares of the company’s stock, valued at $256,014,275. This represents a 8.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Mayur Kapani sold 15,213 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total value of $2,358,319.26. Following the sale, the chief technology officer directly owned 64,869 shares in the company, valued at $10,055,992.38. The trade was a 19.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 348,418 shares of company stock valued at $54,196,631. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the topic of a number of recent analyst reports. Barclays set a $193.00 price objective on Intercontinental Exchange and gave the company an “overweight” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. UBS Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Monday, February 9th. Raymond James Financial reiterated a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $194.73.

Intercontinental Exchange Profile

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.