Cibc World Markets Corp Has $13.50 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Cibc World Markets Corp decreased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 18.5% in the 4th quarter, HoldingsChannel reports. The firm owned 90,619 shares of the financial services provider’s stock after selling 20,548 shares during the quarter. Cibc World Markets Corp’s holdings in Intercontinental Exchange were worth $13,503,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. bought a new position in shares of Intercontinental Exchange in the 3rd quarter worth $227,000. Empowered Funds LLC increased its position in shares of Intercontinental Exchange by 8.6% in the third quarter. Empowered Funds LLC now owns 10,829 shares of the financial services provider’s stock valued at $1,740,000 after acquiring an additional 854 shares during the last quarter. Adero Partners LLC bought a new stake in Intercontinental Exchange during the third quarter worth $224,000. Quest Partners LLC lifted its position in shares of Intercontinental Exchange by 56.5% in the third quarter. Quest Partners LLC now owns 14,055 shares of the financial services provider’s stock valued at $2,258,000 after buying an additional 5,074 shares during the last quarter. Finally, LMR Partners LLP acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $467,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ICE has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Barclays increased their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, UBS Group increased their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $178.80.

Insider Buying and Selling

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88. Following the transaction, the president now owns 164,041 shares of the company’s stock, valued at $27,183,234.11. The trade was a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,313 shares of company stock valued at $11,113,733 over the last ninety days. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 1.1 %

ICE stock opened at $172.92 on Tuesday. The stock has a market cap of $99.35 billion, a price-to-earnings ratio of 36.17, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $175.41. The company’s 50 day moving average is $162.01 and its 200 day moving average is $159.72.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 40.17%.

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.