Intercontinental Exchange, Inc. (NYSE:ICE) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

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

Several other hedge funds also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. lifted its holdings in Intercontinental Exchange by 29.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 368 shares of the financial services provider’s stock worth $42,000 after buying an additional 83 shares during the last quarter. CNB Bank increased its position 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 purchasing an additional 83 shares during the period. Quest Capital Management Inc. ADV increased its position in shares of 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 valued at $942,000 after purchasing an additional 87 shares during the period. Private Trust Co. NA lifted its position in shares of Intercontinental Exchange by 1.3% in the third quarter. Private Trust Co. NA now owns 6,823 shares of the financial services provider’s stock worth $783,000 after buying an additional 88 shares during the last quarter. Finally, Ninety One SA PTY Ltd lifted its position in shares of Intercontinental Exchange by 9.2% in the second 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. Institutional investors and hedge funds own 86.63% of the company’s stock.

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 company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.57. Intercontinental Exchange, Inc. has a 12-month low of $108.95 and a 12-month high of $139.79. The company’s fifty day simple moving average is $133.94 and its 200 day simple moving average is $125.92.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, October 28th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.07. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.76 billion. Intercontinental Exchange had a net margin of 33.69% and a return on equity of 13.57%. Intercontinental Exchange’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.03 earnings per share. Research analysts expect that Intercontinental Exchange, Inc. will post 5.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Friday, December 17th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Thursday, December 16th. This represents a $1.32 annualized dividend and a dividend yield of 1.02%. Intercontinental Exchange’s dividend payout ratio is currently 24.40%.

Several equities analysts recently issued reports on ICE shares. Bank of America began coverage on Intercontinental Exchange in a research note on Thursday, December 16th. They set a “neutral” rating and a $158.00 price target on the stock. Zacks Investment Research downgraded Intercontinental Exchange from a “buy” rating to a “hold” rating and set a $144.00 price objective on the stock. in a report on Wednesday, December 29th. Rosenblatt Securities increased their price target on Intercontinental Exchange from $138.00 to $157.00 and gave the company a “buy” rating in a research note on Friday, October 29th. UBS Group raised their price objective on Intercontinental Exchange from $143.00 to $148.00 and gave the stock a “buy” rating in a research note on Wednesday, October 6th. Finally, Jefferies Financial Group initiated coverage on Intercontinental Exchange in a report on Monday, October 25th. They set a “buy” rating and a $161.00 target price for the company. Four analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $153.22.

In other news, CAO James W. Namkung sold 1,559 shares of the company’s stock in a transaction dated Friday, October 29th. The shares were sold at an average price of $135.09, for a total transaction of $210,605.31. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Mark Wassersug sold 1,072 shares of the company’s stock in a transaction dated Friday, December 10th. The shares were sold at an average price of $135.20, for a total transaction of $144,934.40. The disclosure for this sale can be found here. Insiders have sold 74,910 shares of company stock worth $10,089,007 in the last quarter. Company insiders own 1.30% of the company’s stock.

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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