Quantbot Technologies LP grew its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 176.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,215 shares of the financial services provider's stock after acquiring an additional 44,772 shares during the quarter. Quantbot Technologies LP's holdings in Intercontinental Exchange were worth $10,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its position in shares of Intercontinental Exchange by 1.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock valued at $5,647,000 after acquiring an additional 366 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in Intercontinental Exchange by 6.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock valued at $11,022,000 after purchasing an additional 4,787 shares during the period. M&T Bank Corp increased its position in shares of Intercontinental Exchange by 33.2% during 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 purchasing an additional 11,648 shares during the last quarter. Avantra Family Wealth Inc. bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth $702,000. Finally, Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Intercontinental Exchange by 9.2% in 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 buying an additional 61,110 shares during the last quarter. Institutional investors own 89.30% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on ICE shares. Barclays raised their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. UBS Group lifted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Intercontinental Exchange has a consensus rating of "Moderate Buy" and an average price target of $178.80.
Check Out Our Latest Stock Analysis on ICE
Intercontinental Exchange Trading Up 0.0 %
Shares of ICE stock traded up $0.06 during mid-day trading on Wednesday, reaching $175.69. The stock had a trading volume of 2,575,102 shares, compared to its average volume of 2,601,582. The firm has a market capitalization of $100.95 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The stock's 50-day moving average price is $165.53 and its two-hundred day moving average price is $160.26. The company has a current ratio of 0.99, a quick 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 $176.74.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 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%. Equities analysts expect 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. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is currently 40.17%.
Insiders Place Their Bets
In other Intercontinental Exchange news, 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 transaction of $835,506.99. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 12,922 shares of the company's stock, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,563 shares of company stock worth $10,998,990. 1.10% of the stock is currently owned by corporate insiders.
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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