Fifth Third Bancorp Has $11.21 Million Stock Holdings in Intercontinental Exchange Inc. $ICE

Fifth Third Bancorp lessened its holdings in Intercontinental Exchange Inc. (NYSE:ICEFree Report) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 69,204 shares of the financial services provider’s stock after selling 5,749 shares during the quarter. Fifth Third Bancorp’s holdings in Intercontinental Exchange were worth $11,208,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Intercontinental Exchange by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 54,153,170 shares of the financial services provider’s stock worth $8,770,647,000 after purchasing an additional 413,639 shares in the last quarter. State Street Corp raised its position in Intercontinental Exchange by 0.8% in the third quarter. State Street Corp now owns 24,816,744 shares of the financial services provider’s stock worth $4,181,125,000 after purchasing an additional 194,325 shares in the last quarter. Wellington Management Group LLP raised its position in Intercontinental Exchange by 64.7% in the third quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock worth $1,744,480,000 after purchasing an additional 4,067,922 shares in the last quarter. Capital World Investors raised its position in Intercontinental Exchange by 15.2% in the third quarter. Capital World Investors now owns 7,028,964 shares of the financial services provider’s stock worth $1,184,238,000 after purchasing an additional 928,047 shares in the last quarter. Finally, Sands Capital Management LLC raised its position in Intercontinental Exchange by 6.9% in the third quarter. Sands Capital Management LLC now owns 5,677,266 shares of the financial services provider’s stock worth $956,506,000 after purchasing an additional 364,227 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Key Intercontinental Exchange News

Here are the key news stories impacting Intercontinental Exchange this week:

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Intercontinental Exchange in a research report on Wednesday, April 8th. They issued an “outperform” rating and a $190.00 price target for the company. UBS Group reissued a “buy” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Monday, February 9th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Barclays reaffirmed an “overweight” rating and set a $201.00 price objective (up from $198.00) on shares of Intercontinental Exchange in a research note on Friday. Finally, Weiss Ratings cut shares of Intercontinental Exchange from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $194.10.

Read Our Latest Analysis on Intercontinental Exchange

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 12,861 shares of the company’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $165.00, for a total transaction of $2,122,065.00. Following the transaction, the president owned 165,692 shares of the company’s stock, valued at approximately $27,339,180. This represents a 7.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lynn C. Martin sold 13,456 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $153.86, for a total transaction of $2,070,340.16. Following the completion of the transaction, the insider directly owned 54,319 shares in the company, valued at approximately $8,357,521.34. The trade was a 19.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 348,418 shares of company stock worth $54,196,631. 0.84% of the stock is owned by company insiders.

Intercontinental Exchange Price Performance

Shares of Intercontinental Exchange stock opened at $155.04 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $87.82 billion, a price-to-earnings ratio of 22.57, a P/E/G ratio of 1.60 and a beta of 0.96. Intercontinental Exchange Inc. has a 1-year low of $143.17 and a 1-year high of $189.35. The firm’s 50-day moving average price is $160.21 and its two-hundred day moving average price is $159.99.

Intercontinental Exchange (NYSE:ICEGet Free Report) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.12. Intercontinental Exchange had a net margin of 30.06% and a return on equity of 14.99%. The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the prior year, the firm earned $1.72 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities analysts predict that Intercontinental Exchange Inc. will post 8.11 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 annualized dividend and a yield of 1.3%. Intercontinental Exchange’s dividend payout ratio is currently 30.28%.

Intercontinental Exchange Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange Inc. (NYSE:ICEFree Report).

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.