Vaughan Nelson Investment Management L.P. Acquires 115,092 Shares of Intercontinental Exchange Inc. $ICE

Vaughan Nelson Investment Management L.P. increased its holdings in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 15.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 884,162 shares of the financial services provider’s stock after purchasing an additional 115,092 shares during the period. Intercontinental Exchange accounts for 1.4% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 20th biggest holding. Vaughan Nelson Investment Management L.P. owned about 0.15% of Intercontinental Exchange worth $148,964,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ICE. Princeton Global Asset Management LLC purchased a new position in shares of Intercontinental Exchange in the 2nd quarter valued at $28,000. Westside Investment Management Inc. bought a new stake in Intercontinental Exchange during the second quarter valued at about $29,000. Private Wealth Management Group LLC boosted its position in Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 66 shares in the last quarter. Hilltop National Bank purchased a new position in Intercontinental Exchange in the second quarter valued at about $31,000. Finally, Knuff & Co LLC raised its holdings in Intercontinental Exchange by 73.3% in the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 89.30% of the company’s stock.

Analysts Set New Price Targets

ICE has been the topic of a number of recent analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $180.00 price target on shares of Intercontinental Exchange in a report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. TD Cowen reduced their price target on Intercontinental Exchange from $199.00 to $175.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Intercontinental Exchange from $202.00 to $180.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $192.40.

Intercontinental Exchange Trading Up 0.3%

Shares of Intercontinental Exchange stock opened at $166.06 on Wednesday. The firm’s 50 day simple moving average is $156.55 and its two-hundred day simple moving average is $168.13. The firm has a market capitalization of $94.68 billion, a price-to-earnings ratio of 30.25, a PEG ratio of 2.15 and a beta of 1.03. Intercontinental Exchange Inc. has a 12-month low of $142.29 and a 12-month high of $189.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.71 EPS for the quarter, hitting the consensus estimate of $1.71. Intercontinental Exchange had a net margin of 25.24% and a return on equity of 13.79%. The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same period in the previous year, the firm posted $1.55 earnings per share. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current year.

Insider Activity at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 1,572 shares of Intercontinental Exchange stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $153.65, for a total transaction of $241,537.80. Following the completion of the sale, the chief financial officer owned 20,534 shares of the company’s stock, valued at $3,155,049.10. The trade was a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 3,700 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $157.96, for a total value of $584,452.00. Following the completion of the sale, the director owned 14,469 shares in the company, valued at approximately $2,285,523.24. This represents a 20.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 166,068 shares of company stock worth $25,470,702 in the last quarter. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.