TD Asset Management Inc Has $69.88 Million Position in Intercontinental Exchange, Inc. (NYSE:ICE)

TD Asset Management Inc cut its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 617,950 shares of the financial services provider’s stock after selling 25,415 shares during the quarter. TD Asset Management Inc’s holdings in Intercontinental Exchange were worth $69,878,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Canada Pension Plan Investment Board increased its holdings in shares of Intercontinental Exchange by 139.2% during the 2nd quarter. Canada Pension Plan Investment Board now owns 199,950 shares of the financial services provider’s stock worth $22,610,000 after acquiring an additional 116,350 shares during the last quarter. Ellevest Inc. increased its holdings in shares of Intercontinental Exchange by 17.5% during the 2nd quarter. Ellevest Inc. now owns 3,372 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 502 shares during the last quarter. AdvisorShares Investments LLC increased its holdings in shares of Intercontinental Exchange by 32.5% during the 2nd quarter. AdvisorShares Investments LLC now owns 23,771 shares of the financial services provider’s stock worth $2,688,000 after acquiring an additional 5,824 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Intercontinental Exchange by 3.1% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 97,643 shares of the financial services provider’s stock worth $11,041,000 after acquiring an additional 2,904 shares during the last quarter. Finally, Coastal Investment Advisors Inc. increased its holdings in shares of Intercontinental Exchange by 22.9% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 5,178 shares of the financial services provider’s stock worth $586,000 after acquiring an additional 964 shares during the last quarter. 87.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on ICE. Deutsche Bank Aktiengesellschaft upped their price objective on Intercontinental Exchange from $134.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, October 11th. The Goldman Sachs Group began coverage on Intercontinental Exchange in a report on Friday, September 22nd. They issued a “neutral” rating and a $125.00 price objective on the stock. Bank of America decreased their price objective on Intercontinental Exchange from $141.00 to $140.00 in a report on Tuesday, October 3rd. Barclays decreased their price objective on Intercontinental Exchange from $122.00 to $120.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 10th. Finally, Citigroup upgraded Intercontinental Exchange from a “neutral” rating to a “buy” rating and upped their target price for the company from $117.00 to $130.00 in a research report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.42.

Intercontinental Exchange Price Performance

Shares of ICE stock opened at $110.42 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.82. Intercontinental Exchange, Inc. has a twelve month low of $94.16 and a twelve month high of $118.79. The company has a market cap of $63.20 billion, a P/E ratio of 25.62, a P/E/G ratio of 2.66 and a beta of 0.98. The business has a fifty day simple moving average of $110.49 and a 200 day simple moving average of $111.46.

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 14th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, December 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.52%. Intercontinental Exchange’s dividend payout ratio is currently 38.98%.

Insider Buying and Selling

In other Intercontinental Exchange news, Director Martha A. Tirinnanzi sold 496 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $113.56, for a total value of $56,325.76. Following the completion of the transaction, the director now directly owns 2,878 shares in the company, valued at $326,825.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Warren Gardiner sold 500 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $115.43, for a total value of $57,715.00. Following the completion of the sale, the chief financial officer now owns 15,525 shares of the company’s stock, valued at $1,792,050.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Martha A. Tirinnanzi sold 496 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $113.56, for a total value of $56,325.76. Following the completion of the sale, the director now directly owns 2,878 shares of the company’s stock, valued at approximately $326,825.68. The disclosure for this sale can be found here. Insiders sold a total of 100,202 shares of company stock worth $11,299,952 in the last ninety days. 1.10% of the stock is owned by insiders.

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.