Intercontinental Exchange, Inc. (NYSE:ICE) is Independent Franchise Partners LLP's 3rd Largest Position

Independent Franchise Partners LLP boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 20.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,160,836 shares of the financial services provider's stock after purchasing an additional 1,062,904 shares during the period. Intercontinental Exchange makes up 6.9% of Independent Franchise Partners LLP's holdings, making the stock its 3rd biggest holding. Independent Franchise Partners LLP owned 1.07% of Intercontinental Exchange worth $918,026,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Intercontinental Exchange by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock valued at $5,647,000 after buying an additional 366 shares during the period. Kestra Private Wealth Services LLC increased its position in shares of Intercontinental Exchange by 6.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock valued at $11,022,000 after acquiring an additional 4,787 shares during the last quarter. M&T Bank Corp raised its stake in shares of Intercontinental Exchange by 33.2% in the 3rd quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider's stock valued at $7,500,000 after acquiring an additional 11,648 shares during the period. Avantra Family Wealth Inc. acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $702,000. Finally, Dixon Mitchell Investment Counsel Inc. boosted its position in shares of Intercontinental Exchange by 9.2% during the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock worth $108,515,000 after purchasing an additional 61,110 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on ICE shares. Keefe, Bruyette & Woods boosted their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. 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 Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. reduced their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Bank of America dropped their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange presently has an average rating of "Moderate Buy" and an average price target of $182.47.

Intercontinental Exchange Stock Down 0.1 %

Shares of ICE traded down $0.10 during midday trading on Thursday, reaching $158.34. The stock had a trading volume of 2,742,738 shares, compared to its average volume of 2,918,688. The company has a market cap of $90.97 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.10 and a beta of 1.09. The company's fifty day simple moving average is $167.45 and its two-hundred day simple moving average is $160.52. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $177.45. 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 (NYSE:ICE - Get Free Report) last posted its quarterly earnings results 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 net margin of 23.42% and a return on equity of 12.95%. Equities research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced 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. 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 payout ratio is 40.17%.

Insider Buying and Selling at Intercontinental Exchange

In related news, Director Judith A. Sprieser sold 2,630 shares of the business's stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the sale, the director now directly owns 21,364 shares of the company's stock, valued at $3,396,876. The trade was a 10.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lynn C. Martin sold 4,155 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $165.60, for a total value of $688,068.00. Following the sale, the insider now owns 57,376 shares in the company, valued at $9,501,465.60. This trade represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 62,931 shares of company stock worth $10,492,868 over the last three months. Insiders own 1.10% of the company's stock.

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.