Blueshift Asset Management LLC Buys Shares of 1,711 Intercontinental Exchange, Inc. (NYSE:ICE)

Blueshift Asset Management LLC purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,711 shares of the financial services provider's stock, valued at approximately $255,000.

A number of other institutional investors also recently modified their holdings of the company. Magnetar Financial LLC boosted its position in Intercontinental Exchange by 2.0% during the fourth quarter. Magnetar Financial LLC now owns 44,984 shares of the financial services provider's stock valued at $6,703,000 after acquiring an additional 864 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Intercontinental Exchange by 16.3% in the 4th quarter. Teacher Retirement System of Texas now owns 327,285 shares of the financial services provider's stock valued at $48,769,000 after purchasing an additional 45,836 shares during the period. First National Bank of Hutchinson boosted its position in shares of Intercontinental Exchange by 2.5% during the 4th quarter. First National Bank of Hutchinson now owns 3,547 shares of the financial services provider's stock valued at $529,000 after purchasing an additional 87 shares in the last quarter. Sandy Spring Bank grew its stake in Intercontinental Exchange by 6.3% during the fourth quarter. Sandy Spring Bank now owns 14,901 shares of the financial services provider's stock worth $2,220,000 after purchasing an additional 885 shares during the period. Finally, Royal London Asset Management Ltd. increased its holdings in Intercontinental Exchange by 1.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 310,802 shares of the financial services provider's stock worth $46,313,000 after purchasing an additional 5,008 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Remove Ads

Intercontinental Exchange Stock Up 0.0 %

NYSE ICE traded up $0.06 on Wednesday, reaching $175.69. The company had a trading volume of 2,575,102 shares, compared to its average volume of 2,601,582. 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 has a market capitalization of $100.95 billion, a P/E ratio of 36.76, a P/E/G ratio of 2.10 and a beta of 1.08. The company's fifty day moving average is $165.53 and its 200 day moving average is $160.26. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $176.74.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly 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 net margin of 23.42% and a return on equity of 12.95%. Sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.09%. Intercontinental Exchange's payout ratio is presently 40.17%.

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 7,900 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now owns 147,274 shares in the company, valued at $25,247,181.82. This represents a 5.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock valued at $10,998,990 over the last three months. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ICE. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group upped their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a report on Friday, February 7th. Keefe, Bruyette & Woods raised their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Three 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 a consensus rating of "Moderate Buy" and a consensus target price of $178.80.

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.