Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by CenterBook Partners LP

CenterBook Partners LP boosted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 335.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,446 shares of the financial services provider's stock after buying an additional 46,576 shares during the quarter. CenterBook Partners LP's holdings in Intercontinental Exchange were worth $9,007,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. DRW Securities LLC increased its holdings in Intercontinental Exchange by 61.5% during the 4th quarter. DRW Securities LLC now owns 3,953 shares of the financial services provider's stock worth $589,000 after purchasing an additional 1,506 shares during the period. ELCO Management Co. LLC increased its stake in shares of Intercontinental Exchange by 3.8% during the fourth quarter. ELCO Management Co. LLC now owns 8,923 shares of the financial services provider's stock valued at $1,330,000 after buying an additional 325 shares during the period. Azimuth Capital Investment Management LLC raised its holdings in shares of Intercontinental Exchange by 53.7% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 201,380 shares of the financial services provider's stock valued at $30,008,000 after acquiring an additional 70,333 shares in the last quarter. APG Asset Management N.V. grew its holdings in Intercontinental Exchange by 232.5% during the 4th quarter. APG Asset Management N.V. now owns 438,459 shares of the financial services provider's stock worth $63,095,000 after acquiring an additional 306,576 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in Intercontinental Exchange by 15.1% during the 4th quarter. Renaissance Technologies LLC now owns 852,839 shares of the financial services provider's stock valued at $127,082,000 after purchasing an additional 112,000 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88. Following the completion of the transaction, the president now directly owns 164,041 shares of the company's stock, valued at $27,183,234.11. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % 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 in the last quarter. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded up $3.15 on Monday, reaching $159.06. 767,448 shares of the stock were exchanged, compared to its average volume of 2,909,248. The business has a 50 day moving average price of $167.80 and a two-hundred day moving average price of $160.54. The firm has a market capitalization of $91.38 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is currently 40.17%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Bank of America dropped their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. UBS Group boosted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Barclays raised their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of "Moderate Buy" and an average price target of $182.47.

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.