Bank of The West lowered its stake in Intercontinental Exchange Inc (NYSE:ICE) by 10.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,727 shares of the financial services provider’s stock after selling 1,295 shares during the period. Bank of The West’s holdings in Intercontinental Exchange were worth $817,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Intercontinental Wealth Advisors LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $25,000. Gradient Investments LLC boosted its holdings in shares of Intercontinental Exchange by 432.8% in the 4th quarter. Gradient Investments LLC now owns 357 shares of the financial services provider’s stock valued at $27,000 after buying an additional 290 shares during the period. Ruggie Capital Group acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $29,000. Moody National Bank Trust Division acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $30,000. Finally, Sontag Advisory LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at about $34,000. 90.54% of the stock is owned by institutional investors.

Intercontinental Exchange stock opened at $76.97 on Wednesday. The stock has a market cap of $43.71 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 2.13 and a beta of 0.48. Intercontinental Exchange Inc has a 52-week low of $67.70 and a 52-week high of $82.65. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.38.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 7th. The financial services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.02. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.29 billion. Intercontinental Exchange had a net margin of 31.68% and a return on equity of 12.23%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. Equities analysts forecast that Intercontinental Exchange Inc will post 3.81 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Friday, September 13th. Intercontinental Exchange’s dividend payout ratio is currently 30.64%.

In other news, General Counsel Andrew J. Surdykowski sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $75.42, for a total value of $188,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey C. Sprecher sold 92,502 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $74.33, for a total transaction of $6,875,673.66. Following the completion of the sale, the chief executive officer now directly owns 1,553,471 shares of the company’s stock, valued at $115,469,499.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 218,627 shares of company stock valued at $16,458,501. Company insiders own 1.50% of the company’s stock.

Several research analysts have recently commented on ICE shares. Zacks Investment Research lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a report on Monday, January 14th. Goldman Sachs Group lowered shares of Intercontinental Exchange from a “conviction-buy” rating to a “buy” rating in a research note on Friday, January 4th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $85.50 target price on shares of Intercontinental Exchange in a research note on Monday, February 11th. ValuEngine lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Citigroup raised shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and set a $75.63 target price for the company in a research note on Tuesday, January 22nd. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Intercontinental Exchange has a consensus rating of “Buy” and a consensus price target of $85.59.

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Intercontinental Exchange Profile

Intercontinental Exchange, Inc operates regulated exchanges, clearing houses, and listings venues for commodity, financial, fixed income, and equity markets in the United States, the United Kingdom, European Union, Asia, Israel, and Canada. It operates through two segments, Trading and Clearing; and Data and Listings.

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

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