Aigen Investment Management LP Raises Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Aigen Investment Management LP raised its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 53.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 18,180 shares of the financial services provider's stock after acquiring an additional 6,300 shares during the period. Intercontinental Exchange comprises 0.6% of Aigen Investment Management LP's portfolio, making the stock its 24th biggest position. Aigen Investment Management LP's holdings in Intercontinental Exchange were worth $2,920,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. increased its holdings in Intercontinental Exchange by 13.8% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 511 shares of the financial services provider's stock worth $82,000 after purchasing an additional 62 shares in the last quarter. Raleigh Capital Management Inc. increased its position in shares of Intercontinental Exchange by 26.4% in the third quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider's stock worth $49,000 after purchasing an additional 63 shares during the last quarter. Integrated Advisors Network LLC boosted its position in Intercontinental Exchange by 4.0% during the third quarter. Integrated Advisors Network LLC now owns 1,714 shares of the financial services provider's stock valued at $275,000 after buying an additional 66 shares during the period. American National Bank grew its holdings in Intercontinental Exchange by 13.8% in the 2nd quarter. American National Bank now owns 569 shares of the financial services provider's stock worth $78,000 after acquiring an additional 69 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its holdings in shares of Intercontinental Exchange by 6.2% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,197 shares of the financial services provider's stock worth $192,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 89.30% of the company's stock.

Intercontinental Exchange Trading Down 0.6 %

Shares of NYSE:ICE traded down $1.01 during mid-day trading on Tuesday, hitting $156.08. The company had a trading volume of 2,047,451 shares, compared to its average volume of 2,571,255. Intercontinental Exchange, Inc. has a one year low of $108.62 and a one year high of $167.99. The company has a market capitalization of $89.62 billion, a PE ratio of 37.22, a price-to-earnings-growth ratio of 2.61 and a beta of 1.08. The firm has a fifty day moving average price of $161.43 and a 200 day moving average price of $149.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The firm had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business's revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.46 EPS. As a group, research analysts forecast that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Monday, December 16th. Intercontinental Exchange's payout ratio is 42.65%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ICE. TD Cowen assumed coverage on shares of Intercontinental Exchange in a research note on Thursday, September 26th. They issued a "buy" rating and a $182.00 price objective on the stock. Raymond James lowered Intercontinental Exchange from a "strong-buy" rating to an "outperform" rating and set a $185.00 price target for the company. in a research report on Monday, October 14th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. The Goldman Sachs Group boosted their target price on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday, October 3rd. Finally, Bank of America raised their target price on Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of "Moderate Buy" and an average price target of $174.13.

Insiders Place Their Bets

In other news, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $158.98, for a total transaction of $80,920.82. Following the completion of the transaction, the director now directly owns 3,958 shares in the company, valued at approximately $629,242.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Martha A. Tirinnanzi sold 509 shares of Intercontinental Exchange stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $158.98, for a total value of $80,920.82. Following the completion of the sale, the director now owns 3,958 shares of the company's stock, valued at $629,242.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO James W. Namkung sold 1,171 shares of the business's stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $160.00, for a total value of $187,360.00. Following the sale, the chief accounting officer now owns 16,665 shares of the company's stock, valued at approximately $2,666,400. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock valued at $1,202,259 over the last quarter. 1.10% of the stock is owned by corporate 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.