Comprehensive Financial Consultants Institutional Inc. Has $2.49 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Comprehensive Financial Consultants Institutional Inc. reduced its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,500 shares of the financial services provider’s stock after selling 141 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Intercontinental Exchange were worth $2,490,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Assenagon Asset Management S.A. lifted its holdings in Intercontinental Exchange by 819.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 137,074 shares of the financial services provider’s stock worth $18,764,000 after purchasing an additional 122,169 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Intercontinental Exchange by 7.0% during the 1st quarter. Russell Investments Group Ltd. now owns 317,544 shares of the financial services provider’s stock worth $43,617,000 after buying an additional 20,802 shares during the period. UniSuper Management Pty Ltd grew its stake in Intercontinental Exchange by 200.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 14,459 shares of the financial services provider’s stock valued at $1,987,000 after buying an additional 9,642 shares during the last quarter. BDF Gestion bought a new position in Intercontinental Exchange in the 2nd quarter worth $2,849,000. Finally, Sei Investments Co. lifted its position in Intercontinental Exchange by 3.6% during the 1st quarter. Sei Investments Co. now owns 348,870 shares of the financial services provider’s stock worth $47,945,000 after acquiring an additional 12,237 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

ICE has been the topic of several research analyst reports. Barclays lowered their price target on Intercontinental Exchange from $179.00 to $173.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Bank of America upped their price target on Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Friday, November 1st. TD Cowen started coverage on shares of Intercontinental Exchange in a research report on Thursday, September 26th. They issued a “buy” rating and a $182.00 price target on the stock. Finally, Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price objective for the company. in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus target price of $173.93.

Insider Activity

In related news, Director Martha A. Tirinnanzi sold 509 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $158.98, for a total transaction of $80,920.82. Following the transaction, the director now owns 3,958 shares in the company, valued at $629,242.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total transaction of $326,799.36. Following the transaction, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martha A. Tirinnanzi sold 509 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total transaction of $80,920.82. Following the completion of the transaction, the director now owns 3,958 shares in the company, valued at $629,242.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Trading Up 0.2 %

Shares of ICE stock opened at $156.11 on Friday. The company has a market capitalization of $89.64 billion, a P/E ratio of 36.99, a P/E/G ratio of 2.57 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12-month low of $107.76 and a 12-month high of $167.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $161.71 and a 200 day moving average price of $148.85.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. The company had revenue of $2.35 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. Intercontinental Exchange’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.09 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Monday, December 16th. Intercontinental Exchange’s payout ratio is presently 42.65%.

Intercontinental Exchange Profile

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.