Aigen Investment Management LP Purchases 8,975 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Aigen Investment Management LP lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 49.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,155 shares of the financial services provider's stock after acquiring an additional 8,975 shares during the quarter. Intercontinental Exchange makes up about 0.7% of Aigen Investment Management LP's investment portfolio, making the stock its 13th largest position. Aigen Investment Management LP's holdings in Intercontinental Exchange were worth $4,046,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Janus Henderson Group PLC boosted its position in shares of Intercontinental Exchange by 326.3% in the 3rd quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider's stock worth $726,196,000 after purchasing an additional 3,460,096 shares during the last quarter. FMR LLC boosted its holdings in Intercontinental Exchange by 44.1% during the third quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock worth $1,260,449,000 after buying an additional 2,401,630 shares during the last quarter. Swedbank AB grew its position in shares of Intercontinental Exchange by 2,293.3% during the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock worth $330,171,000 after buying an additional 2,123,185 shares during the period. Two Sigma Advisers LP increased its stake in shares of Intercontinental Exchange by 285.9% in the 3rd quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider's stock valued at $282,148,000 after acquiring an additional 1,301,200 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Intercontinental Exchange by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider's stock valued at $865,455,000 after acquiring an additional 390,332 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Buying and Selling

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the completion of the sale, the insider now owns 17,972 shares of the company's stock, valued at $3,001,144.28. This trade represents a 27.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the transaction, the president now owns 147,274 shares in the company, valued at approximately $25,247,181.82. This represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,268 shares of company stock worth $11,262,789. Company insiders own 1.10% of the company's stock.

Analyst Ratings Changes

ICE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays increased their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Finally, UBS Group lifted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange currently has an average rating of "Moderate Buy" and an average target price of $178.80.

Intercontinental Exchange Stock Down 1.9 %

NYSE:ICE opened at $169.97 on Wednesday. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $175.41. The firm has a market capitalization of $97.66 billion, a price-to-earnings ratio of 35.56, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock's 50 day moving average price is $158.26 and its two-hundred day moving average price is $159.03.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.13%. Intercontinental Exchange's dividend payout ratio (DPR) is currently 40.17%.

Intercontinental Exchange Company 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.

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