Renaissance Technologies LLC Raises Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Renaissance Technologies LLC lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 15.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 852,839 shares of the financial services provider's stock after buying an additional 112,000 shares during the period. Renaissance Technologies LLC owned approximately 0.15% of Intercontinental Exchange worth $127,082,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ICE. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange during the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth $34,000. BankPlus Trust Department acquired a new position in Intercontinental Exchange during the fourth quarter valued at $40,000. Mountain Hill Investment Partners Corp. purchased a new stake in Intercontinental Exchange in the fourth quarter valued at $45,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Intercontinental Exchange during the 4th quarter valued at about $51,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ICE shares. JPMorgan Chase & Co. dropped their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Bank of America dropped their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Barclays upped their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $182.47.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 17,104 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the completion of the sale, the president now directly owns 155,174 shares in the company, valued at $25,855,091.88. This represents a 9.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the completion of the sale, the insider now directly owns 17,972 shares of the company's stock, valued at $3,001,144.28. This represents a 27.55 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,563 shares of company stock worth $10,998,990. Insiders own 1.10% of the company's stock.

Intercontinental Exchange Price Performance

Shares of NYSE ICE traded up $3.21 during midday trading on Monday, hitting $159.12. The stock had a trading volume of 620,645 shares, compared to its average volume of 3,453,687. 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 stock has a 50 day simple moving average of $167.80 and a 200-day simple moving average of $160.54. The company has a market capitalization of $91.41 billion, a PE ratio of 33.29, a P/E/G ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $177.45.

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

Intercontinental Exchange Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.21%. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

Intercontinental Exchange Company 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.