Fiera Capital Corp Sells 1,820 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Fiera Capital Corp reduced its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 13.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,047 shares of the financial services provider’s stock after selling 1,820 shares during the quarter. Fiera Capital Corp’s holdings in Intercontinental Exchange were worth $1,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Proffitt & Goodson Inc. boosted its position in shares of Intercontinental Exchange by 1.1% in the 2nd quarter. Proffitt & Goodson Inc. now owns 8,165 shares of the financial services provider’s stock worth $923,000 after purchasing an additional 90 shares in the last quarter. Vestcor Inc boosted its position in shares of Intercontinental Exchange by 0.5% in the 4th quarter. Vestcor Inc now owns 17,924 shares of the financial services provider’s stock worth $1,839,000 after purchasing an additional 94 shares in the last quarter. Headinvest LLC boosted its position in shares of Intercontinental Exchange by 0.8% in the 1st quarter. Headinvest LLC now owns 12,282 shares of the financial services provider’s stock worth $1,281,000 after purchasing an additional 95 shares in the last quarter. Capital Impact Advisors LLC boosted its position in shares of Intercontinental Exchange by 7.0% in the 4th quarter. Capital Impact Advisors LLC now owns 1,509 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 99 shares in the last quarter. Finally, Mad River Investors boosted its position in shares of Intercontinental Exchange by 1.0% in the 2nd quarter. Mad River Investors now owns 10,430 shares of the financial services provider’s stock worth $1,197,000 after purchasing an additional 100 shares in the last quarter. 87.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ICE. Citigroup upgraded shares of Intercontinental Exchange from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $117.00 to $130.00 in a report on Friday, August 4th. Bank of America decreased their target price on shares of Intercontinental Exchange from $141.00 to $140.00 in a research note on Tuesday, October 3rd. Barclays decreased their target price on shares of Intercontinental Exchange from $122.00 to $120.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 10th. Rosenblatt Securities decreased their target price on shares of Intercontinental Exchange from $168.00 to $154.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, October 21st. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $132.42.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $108.72, for a total value of $543,600.00. Following the completion of the transaction, the president now owns 125,184 shares of the company’s stock, valued at approximately $13,610,004.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, President Benjamin Jackson sold 5,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $108.72, for a total value of $543,600.00. Following the sale, the president now directly owns 125,184 shares of the company’s stock, valued at approximately $13,610,004.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey C. Sprecher sold 88,683 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total transaction of $10,005,216.06. Following the transaction, the chief executive officer now directly owns 1,169,965 shares in the company, valued at $131,995,451.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,202 shares of company stock valued at $11,299,952. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 0.6 %

Shares of Intercontinental Exchange stock opened at $111.06 on Thursday. The company has a market capitalization of $63.57 billion, a P/E ratio of 25.77, a P/E/G ratio of 2.66 and a beta of 0.98. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.00 and a current ratio of 1.00. The company has a fifty day moving average of $110.44 and a 200 day moving average of $111.46. Intercontinental Exchange, Inc. has a fifty-two week low of $94.16 and a fifty-two week high of $118.79.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Thursday, December 14th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, December 13th. Intercontinental Exchange’s dividend payout ratio is currently 38.98%.

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.