Principal Securities Inc. decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 54.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,250 shares of the financial services provider's stock after selling 5,141 shares during the period. Principal Securities Inc.'s holdings in Intercontinental Exchange were worth $633,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in ICE. Janus Henderson Group PLC grew its stake in shares of Intercontinental Exchange by 326.3% in the 3rd quarter. Janus Henderson Group PLC now owns 4,520,639 shares of the financial services provider's stock valued at $726,196,000 after buying an additional 3,460,096 shares during the period. FMR LLC grew its stake in shares of Intercontinental Exchange by 44.1% in the 3rd quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock valued at $1,260,449,000 after buying an additional 2,401,630 shares during the period. Swedbank AB grew its stake in shares of Intercontinental Exchange by 2,293.3% in the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after buying an additional 2,123,185 shares during the period. Two Sigma Advisers LP grew its stake in shares of Intercontinental Exchange by 285.9% in the 3rd quarter. Two Sigma Advisers LP now owns 1,756,400 shares of the financial services provider's stock valued at $282,148,000 after buying an additional 1,301,200 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Intercontinental Exchange by 426.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 721,474 shares of the financial services provider's stock valued at $115,898,000 after buying an additional 584,400 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.
Insider Activity
In other news, insider Christopher Scott Edmonds sold 601 shares of the firm's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now directly owns 12,922 shares in the company, valued at approximately $1,908,967.06. This trade represents a 4.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following 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. In the last three months, insiders have sold 66,196 shares of company stock worth $10,840,972. 1.10% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
ICE has been the subject of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. UBS Group increased their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $178.80.
Check Out Our Latest Research Report on Intercontinental Exchange
Intercontinental Exchange Stock Up 0.7 %
ICE stock traded up $1.25 during midday trading on Friday, hitting $168.04. The company's stock had a trading volume of 2,853,143 shares, compared to its average volume of 2,404,252. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $169.78. The firm has a market capitalization of $96.55 billion, a P/E ratio of 35.15, a PEG ratio of 2.10 and a beta of 1.11. The firm has a 50-day simple moving average of $155.42 and a 200-day simple moving average of $158.18.
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 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%. As a group, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.
Intercontinental Exchange Announces Dividend
The company also recently disclosed 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. 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 1.14%. Intercontinental Exchange's payout ratio is 37.66%.
About Intercontinental Exchange
(
Free Report)
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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