Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lowered its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 89.3% in the first quarter, HoldingsChannel reports. The fund owned 24,720 shares of the financial services provider’s stock after selling 205,813 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Intercontinental Exchange were worth $4,264,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in shares of Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 1,169 shares during the last quarter. Spire Wealth Management raised its position in shares of Intercontinental Exchange by 56.7% during the 4th quarter. Spire Wealth Management now owns 721 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 261 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in shares of Intercontinental Exchange by 1.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 36,338 shares of the financial services provider’s stock worth $5,415,000 after purchasing an additional 622 shares during the last quarter. Y.D. More Investments Ltd raised its position in shares of Intercontinental Exchange by 135.3% during the 4th quarter. Y.D. More Investments Ltd now owns 713 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 410 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Intercontinental Exchange by 33.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,527 shares of the financial services provider’s stock worth $7,590,000 after purchasing an additional 12,700 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In other news, Director Martha A. Tirinnanzi sold 397 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $177.11, for a total transaction of $70,312.67. Following the sale, the director now owns 4,526 shares of the company’s stock, valued at approximately $801,599.86. The trade was a 8.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the sale, the director now directly owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,191 shares of company stock worth $694,978 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Intercontinental Exchange from $181.00 to $192.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. UBS Group increased their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods increased their price objective on shares of Intercontinental Exchange from $183.00 to $189.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Barclays increased their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an “overweight” rating in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $188.46.

Intercontinental Exchange Trading Down 0.4%

Shares of Intercontinental Exchange stock opened at $178.49 on Friday. Intercontinental Exchange, Inc. has a fifty-two week low of $132.93 and a fifty-two week high of $180.89. The firm has a market cap of $102.38 billion, a PE ratio of 37.34, a P/E/G ratio of 2.10 and a beta of 1.12. The business’s fifty day moving average is $168.45 and its two-hundred day moving average is $163.26. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the company posted $1.48 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.08%. Intercontinental Exchange’s dividend payout ratio is presently 39.75%.

About Intercontinental Exchange

Intercontinental Exchange, Inc, together with its subsidiaries, engages in the provision of market infrastructure, data services, and technology solutions for financial institutions, corporations, and government entities in the United States, the United Kingdom, the European Union, Singapore, India, Abu Dhabi, Israel, and Canada.