Gilder Gagnon Howe & Co. LLC Acquires Shares of 2,997 Intercontinental Exchange, Inc. (NYSE:ICE)

Gilder Gagnon Howe & Co. LLC bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,997 shares of the financial services provider's stock, valued at approximately $447,000.

A number of other large investors also recently modified their holdings of ICE. Strategic Advisors LLC grew its stake in shares of Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock worth $201,000 after acquiring an additional 66 shares during the last quarter. Commons Capital LLC grew its position in Intercontinental Exchange by 1.2% during 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 during the last quarter. Brooklyn Investment Group increased its stake in 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 in the last quarter. Clear Harbor Asset Management LLC raised its holdings in Intercontinental Exchange by 3.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider's stock worth $294,000 after buying an additional 70 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of 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 buying an additional 71 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group lifted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Barclays lifted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. dropped their target price 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. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $182.47.

Intercontinental Exchange Stock Up 0.3 %

ICE opened at $163.40 on Monday. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $93.87 billion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The firm's fifty day moving average is $166.46 and its 200 day moving average is $160.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings data 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%. On average, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

Insider Buying and Selling

In other news, Director Judith A. Sprieser sold 2,630 shares of the firm's stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $159.00, for a total transaction of $418,170.00. Following the completion of the transaction, the director now owns 21,364 shares in the company, valued at $3,396,876. This trade represents a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the sale, the president now owns 155,174 shares in the company, valued at $25,855,091.88. This represents a 9.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,931 shares of company stock worth $10,492,868. 1.00% of the stock is owned by insiders.

About Intercontinental Exchange

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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