Landscape Capital Management L.L.C. Makes New Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Landscape Capital Management L.L.C. bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 4,346 shares of the financial services provider's stock, valued at approximately $648,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ICE. Vanguard Group Inc. grew its stake in Intercontinental Exchange by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock worth $7,782,521,000 after buying an additional 538,670 shares during the last quarter. Geode Capital Management LLC grew its holdings in Intercontinental Exchange by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock worth $1,765,317,000 after acquiring an additional 327,637 shares during the period. Norges Bank purchased a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $1,196,258,000. Franklin Resources Inc. boosted its position in Intercontinental Exchange by 8.0% during the third quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider's stock worth $865,455,000 after purchasing an additional 390,332 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Intercontinental Exchange by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,940,448 shares of the financial services provider's stock valued at $587,166,000 after acquiring an additional 11,767 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ICE shares. Bank of America decreased their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Barclays boosted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $182.47.

Intercontinental Exchange Stock Up 0.5 %

Intercontinental Exchange stock traded up $0.73 during midday trading on Friday, reaching $155.92. The company's stock had a trading volume of 2,786,452 shares, compared to its average volume of 2,919,019. The business has a 50-day simple moving average of $167.80 and a 200-day simple moving average of $160.52. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $89.57 billion, a P/E ratio of 32.62, a P/E/G ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate 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, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid 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 1.23%. Intercontinental Exchange's dividend payout ratio (DPR) is 40.17%.

Insider Activity at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 601 shares of the firm's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now owns 66,548 shares in the company, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,563 shares of company stock worth $10,998,990 in the last quarter. Company 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.