Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,625,216 shares of the financial services provider’s stock after selling 6,484 shares during the quarter. Intercontinental Exchange comprises approximately 0.8% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 26th biggest holding. Public Employees Retirement Association of Colorado’s holdings in Intercontinental Exchange were worth $192,913,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ICE. Independent Franchise Partners LLP acquired a new position in shares of Intercontinental Exchange during the 2nd quarter valued at $575,744,000. Magellan Asset Management Ltd lifted its holdings in shares of Intercontinental Exchange by 20.2% during the 1st quarter. Magellan Asset Management Ltd now owns 21,882,418 shares of the financial services provider’s stock valued at $2,443,828,000 after acquiring an additional 3,680,812 shares in the last quarter. Flossbach Von Storch AG lifted its holdings in shares of Intercontinental Exchange by 1,018.7% during the 2nd quarter. Flossbach Von Storch AG now owns 2,626,650 shares of the financial services provider’s stock valued at $311,783,000 after acquiring an additional 2,391,850 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Intercontinental Exchange by 4.3% during the 2nd quarter. BlackRock Inc. now owns 41,385,359 shares of the financial services provider’s stock valued at $4,912,443,000 after acquiring an additional 1,710,310 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Intercontinental Exchange by 341.7% during the 2nd quarter. Bank of Montreal Can now owns 1,835,773 shares of the financial services provider’s stock valued at $218,200,000 after acquiring an additional 1,420,191 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

A number of brokerages have commented on ICE. Raymond James boosted their price objective on shares of Intercontinental Exchange from $136.00 to $140.00 and gave the stock a “strong-buy” rating in a report on Friday, July 30th. The Goldman Sachs Group upgraded shares of Intercontinental Exchange from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, June 23rd. UBS Group boosted their price objective on shares of Intercontinental Exchange from $143.00 to $148.00 and gave the stock a “buy” rating in a report on Wednesday, October 6th. Zacks Investment Research lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating and set a $126.00 price objective on the stock. in a report on Friday, September 17th. Finally, Morgan Stanley boosted their price objective on shares of Intercontinental Exchange from $124.00 to $131.00 and gave the stock an “equal weight” rating in a report on Friday, October 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $131.30.

In other news, insider Lynn C. Martin sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, October 7th. The shares were sold at an average price of $125.00, for a total value of $312,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Mark Wassersug sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 8th. The stock was sold at an average price of $126.74, for a total transaction of $253,480.00. The disclosure for this sale can be found here. Insiders have sold a total of 121,182 shares of company stock valued at $14,239,990 over the last three months. 1.30% of the stock is currently owned by company insiders.

Shares of NYSE:ICE traded up $0.91 during trading on Thursday, reaching $129.26. 47,193 shares of the company’s stock traded hands, compared to its average volume of 2,354,099. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.02 and a quick ratio of 1.02. Intercontinental Exchange, Inc. has a 12 month low of $92.41 and a 12 month high of $129.38. The company has a 50 day moving average of $119.26 and a 200-day moving average of $117.20. The stock has a market capitalization of $72.79 billion, a P/E ratio of 25.67 and a beta of 0.73.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, July 29th. The financial services provider reported $1.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.16. Intercontinental Exchange had a net margin of 32.25% and a return on equity of 13.16%. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.71 billion. Equities research analysts predict that Intercontinental Exchange, Inc. will post 4.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Thursday, September 16th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Wednesday, September 15th. Intercontinental Exchange’s payout ratio is 29.27%.

Intercontinental Exchange Profile

Intercontinental Exchange, Inc engages in the management of online marketplace. It operates through the following segments: Exchanges; Fixed Income and Data Services; and Mortgage Technology. The company was founded by Jeffrey C. Sprecher in May 2000 and is headquartered in Atlanta, GA.

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

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