Kentucky Retirement Systems Insurance Trust Fund Lowers Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Kentucky Retirement Systems Insurance Trust Fund cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 76.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,074 shares of the financial services provider’s stock after selling 12,925 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Intercontinental Exchange were worth $607,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ICE. AMF Tjanstepension AB lifted its stake in shares of Intercontinental Exchange by 14.5% in the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock worth $20,441,000 after buying an additional 16,130 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Intercontinental Exchange by 836.4% during the third quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 368 shares in the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of Intercontinental Exchange during the third quarter valued at $26,000. Whittier Trust Co. increased its holdings in Intercontinental Exchange by 1.3% in the 3rd quarter. Whittier Trust Co. now owns 5,916 shares of the financial services provider’s stock worth $950,000 after buying an additional 76 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its position in Intercontinental Exchange by 26.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider’s stock worth $49,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Up 0.3 %

Shares of ICE stock opened at $166.94 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $169.78. The company’s fifty day moving average price is $154.97 and its 200-day moving average price is $157.93. The company has a market capitalization of $95.92 billion, a price-to-earnings ratio of 34.93, a PEG ratio of 2.11 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.71 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is currently 37.66%.

Analysts Set New Price Targets

ICE has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now owns 21,992 shares of the company’s stock, valued at $3,661,008.24. This represents a 32.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now directly owns 156,163 shares in the company, valued at $24,986,080. This trade represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,358 shares of company stock valued at $5,535,650. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Company 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.