Healthcare of Ontario Pension Plan Trust Fund Sells 465,867 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 65.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,234 shares of the financial services provider’s stock after selling 465,867 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Intercontinental Exchange were worth $28,847,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Farmers & Merchants Investments Inc. boosted its holdings in Intercontinental Exchange by 29.1% during the third quarter. Farmers & Merchants Investments Inc. now owns 368 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 83 shares during the last quarter. CNB Bank lifted its stake in shares of Intercontinental Exchange by 1.4% during the 3rd quarter. CNB Bank now owns 6,117 shares of the financial services provider’s stock valued at $703,000 after buying an additional 83 shares in the last quarter. Quest Capital Management Inc. ADV increased its holdings in Intercontinental Exchange by 1.1% during the 3rd quarter. Quest Capital Management Inc. ADV now owns 8,200 shares of the financial services provider’s stock worth $942,000 after acquiring an additional 87 shares during the period. Private Trust Co. NA increased its holdings in Intercontinental Exchange by 1.3% during the 3rd quarter. Private Trust Co. NA now owns 6,823 shares of the financial services provider’s stock worth $783,000 after acquiring an additional 88 shares during the period. Finally, Ninety One SA PTY Ltd increased its holdings in shares of Intercontinental Exchange by 9.2% in the 2nd quarter. Ninety One SA PTY Ltd now owns 1,063 shares of the financial services provider’s stock worth $126,000 after buying an additional 90 shares during the last quarter. 86.63% of the stock is owned by institutional investors.

ICE stock opened at $129.38 on Friday. The firm has a market cap of $72.89 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.93 and a beta of 0.82. The firm has a 50-day simple moving average of $133.94 and a two-hundred day simple moving average of $125.92. Intercontinental Exchange, Inc. has a one year low of $108.95 and a one year high of $139.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.01 and a current ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, October 28th. The financial services provider reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.07. Intercontinental Exchange had a net margin of 33.69% and a return on equity of 13.57%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the prior year, the company earned $1.03 EPS. Intercontinental Exchange’s quarterly revenue was up 27.6% on a year-over-year basis. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 5.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Friday, December 17th were given a dividend of $0.33 per share. The ex-dividend date was Thursday, December 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.02%. Intercontinental Exchange’s dividend payout ratio (DPR) is 24.40%.

In related news, insider Lynn C. Martin sold 2,500 shares of the firm’s stock in a transaction dated Monday, October 18th. The stock was sold at an average price of $131.00, for a total transaction of $327,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Warren Gardiner sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of $135.08, for a total value of $175,604.00. The disclosure for this sale can be found here. Insiders have sold a total of 74,910 shares of company stock worth $10,089,007 in the last quarter. Insiders own 1.30% of the company’s stock.

Several research firms recently commented on ICE. Citigroup increased their target price on shares of Intercontinental Exchange from $160.00 to $161.00 and gave the company a “buy” rating in a report on Thursday, December 16th. UBS Group raised their target price on shares of Intercontinental Exchange from $143.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, October 6th. Rosenblatt Securities increased their price target on shares of Intercontinental Exchange from $138.00 to $157.00 and gave the stock a “buy” rating in a research note on Friday, October 29th. Zacks Investment Research lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating and set a $144.00 price objective for the company. in a research note on Wednesday, December 29th. Finally, Bank of America assumed coverage on shares of Intercontinental Exchange in a research note on Thursday, December 16th. They set a “neutral” rating and a $158.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange presently has an average rating of “Buy” and a consensus target price of $153.22.

Intercontinental Exchange Company 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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