Grantham Mayo Van Otterloo & Co. LLC Sells 12,299 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Grantham Mayo Van Otterloo & Co. LLC decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 135,569 shares of the financial services provider's stock after selling 12,299 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Intercontinental Exchange were worth $20,201,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ICE. Sierra Ocean LLC acquired a new position in Intercontinental Exchange in the fourth quarter worth about $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $34,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $40,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $45,000. Finally, Golden State Wealth Management LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $51,000. Institutional investors own 89.30% of the company's stock.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 17,104 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. The trade was a 9.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christopher Scott Edmonds sold 6,834 shares of the 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 in the company, valued at approximately $3,001,144.28. This trade represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,563 shares of company stock worth $10,998,990. 1.10% of the stock is owned by insiders.

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Intercontinental Exchange Trading Up 0.0 %

Shares of NYSE ICE traded up $0.01 during mid-day trading on Friday, hitting $155.20. The company's stock had a trading volume of 640,855 shares, compared to its average volume of 2,908,124. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The company's fifty day simple moving average is $167.87 and its 200-day simple moving average is $160.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market cap of $89.16 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.24%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ICE. UBS Group lifted their price target 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. Bank of America cut their target price on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, Barclays boosted their price objective 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 issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $182.47.

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.