Vanguard Group Inc. increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,228,177 shares of the financial services provider's stock after acquiring an additional 538,670 shares during the quarter. Vanguard Group Inc. owned approximately 9.10% of Intercontinental Exchange worth $7,782,521,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Janus Henderson Group PLC raised its holdings in shares of Intercontinental Exchange by 326.3% in the third 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 last quarter. Raymond James Financial Inc. acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $406,728,000. FMR LLC boosted its stake in shares of Intercontinental Exchange by 44.1% in the third 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 in the last quarter. Swedbank AB grew its holdings in Intercontinental Exchange by 2,293.3% during the fourth quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock worth $330,171,000 after acquiring an additional 2,123,185 shares during the period. Finally, AMF Tjanstepension AB grew its holdings in Intercontinental Exchange by 1,237.7% during the fourth quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider's stock worth $253,591,000 after acquiring an additional 1,574,386 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.
Intercontinental Exchange Price Performance
Shares of NYSE:ICE traded down $1.71 on Friday, hitting $174.65. The company had a trading volume of 3,199,231 shares, compared to its average volume of 2,778,671. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $100.35 billion, a PE ratio of 36.54, a PEG ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $177.45. The business has a 50 day moving average of $167.12 and a 200 day moving average of $160.57.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last released its quarterly 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%. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.
Intercontinental Exchange Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.10%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.
Analysts Set New Price Targets
Several brokerages have commented on ICE. Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Barclays lifted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $178.80.
Read Our Latest Report on ICE
Insiders Place Their Bets
In other news, CTO Mayur Kapani sold 5,661 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the transaction, the chief technology officer now owns 66,548 shares of the company's stock, valued at $9,821,819.32. This represents a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Benjamin Jackson sold 17,104 shares of the firm's stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock valued at $10,998,990 in the last quarter. 1.10% of the stock is currently owned by company 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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