Dimensional Fund Advisors LP Raises Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Dimensional Fund Advisors LP raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,843,440 shares of the financial services provider's stock after purchasing an additional 52,346 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.32% of Intercontinental Exchange worth $274,702,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ICE. Strategic Advisors LLC increased its stake in Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock valued at $201,000 after acquiring an additional 66 shares during the last quarter. Commons Capital LLC boosted its stake in shares of Intercontinental Exchange by 1.2% in the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider's stock valued at $886,000 after purchasing an additional 69 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Intercontinental Exchange by 2.2% during the 4th quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider's stock valued at $475,000 after purchasing an additional 70 shares during the last quarter. Clear Harbor Asset Management LLC raised its position in Intercontinental Exchange by 3.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider's stock worth $294,000 after purchasing an additional 70 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in Intercontinental Exchange by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock worth $465,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently commented on ICE. Bank of America decreased their price objective on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. UBS Group lifted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. dropped their price target 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. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $182.47.

Intercontinental Exchange Stock Up 1.3 %

NYSE:ICE traded up $2.08 during mid-day trading on Thursday, hitting $163.07. 1,559,651 shares of the company's stock were exchanged, compared to its average volume of 2,929,106. The company has a market cap of $93.68 billion, a PE ratio of 34.12, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The business has a fifty day moving average price of $166.52 and a 200 day moving average price of $160.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS 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 analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.18%. Intercontinental Exchange's payout ratio is presently 40.17%.

Insider Transactions at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the sale, the director now directly owns 21,364 shares in the company, valued at approximately $3,396,876. This trade represents a 10.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was 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 owns 164,041 shares in the company, valued at approximately $27,183,234.11. This represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,931 shares of company stock valued at $10,492,868 in the last quarter. 1.00% of the stock is owned by insiders.

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.