Intercontinental Exchange Inc. $ICE Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Intercontinental Exchange Inc. (NYSE:ICE) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,739,531 shares of the financial services provider’s stock after acquiring an additional 54,040 shares during the quarter. Vanguard Group Inc. owned 0.09% of Intercontinental Exchange worth $9,054,036,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Intercontinental Exchange by 51.3% during the 4th quarter. Brighton Jones LLC now owns 3,448 shares of the financial services provider’s stock worth $514,000 after buying an additional 1,169 shares during the period. Empowered Funds LLC grew its stake in shares of Intercontinental Exchange by 9.0% during the first quarter. Empowered Funds LLC now owns 14,396 shares of the financial services provider’s stock valued at $2,483,000 after acquiring an additional 1,189 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Intercontinental Exchange by 16.2% during the second quarter. Sivia Capital Partners LLC now owns 2,078 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 289 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Intercontinental Exchange by 1.9% during the second quarter. Nordea Investment Management AB now owns 67,555 shares of the financial services provider’s stock worth $12,257,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of Intercontinental Exchange by 11.3% in the second quarter. Chicago Partners Investment Group LLC now owns 2,951 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the topic of several analyst reports. Morgan Stanley set a $183.00 price objective on Intercontinental Exchange and gave the stock an “equal weight” rating in a report on Tuesday, February 10th. TD Cowen reissued a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Intercontinental Exchange in a report on Monday, December 29th. Barclays set a $193.00 price objective on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $211.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $195.40.

Insider Activity at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,345 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $156.67, for a total transaction of $837,401.15. Following the completion of the transaction, the chief technology officer owned 65,240 shares in the company, valued at $10,221,150.80. The trade was a 7.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Judith A. Sprieser sold 4,722 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $169.19, for a total value of $798,915.18. Following the completion of the sale, the director directly owned 9,747 shares in the company, valued at $1,649,094.93. This represents a 32.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 181,570 shares of company stock valued at $28,077,452. 1.00% of the stock is owned by insiders.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $152.31 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.02 and a quick ratio of 1.02. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The company has a fifty day moving average price of $165.15 and a two-hundred day moving average price of $165.14. The company has a market cap of $86.50 billion, a PE ratio of 26.40, a P/E/G ratio of 1.59 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the firm posted $1.52 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s payout ratio is presently 33.28%.

About Intercontinental Exchange

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.