Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,522,172 shares of the financial services provider's stock after acquiring an additional 70,565 shares during the quarter. Intercontinental Exchange comprises about 2.2% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 8th largest holding. Vaughan Nelson Investment Management L.P. owned approximately 0.27% of Intercontinental Exchange worth $244,522,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in shares of Intercontinental Exchange by 4.5% in the second quarter. Legal & General Group Plc now owns 4,453,286 shares of the financial services provider's stock valued at $609,609,000 after purchasing an additional 191,763 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Intercontinental Exchange by 10.4% in the 2nd quarter. Clearbridge Investments LLC now owns 3,019,195 shares of the financial services provider's stock worth $413,298,000 after buying an additional 284,664 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Intercontinental Exchange by 0.7% in the 1st quarter. Bessemer Group Inc. now owns 2,795,043 shares of the financial services provider's stock worth $384,122,000 after buying an additional 19,127 shares during the last quarter. Raymond James & Associates raised its position in shares of Intercontinental Exchange by 11.1% during the 3rd quarter. Raymond James & Associates now owns 2,535,785 shares of the financial services provider's stock valued at $407,348,000 after buying an additional 253,324 shares in the last quarter. Finally, AGF Management Ltd. grew its position in Intercontinental Exchange by 11.0% in the second quarter. AGF Management Ltd. now owns 2,208,036 shares of the financial services provider's stock worth $302,258,000 after acquiring an additional 218,516 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the sale, the general counsel now directly owns 44,865 shares in the company, valued at approximately $7,159,108.05. This trade represents a 4.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher Scott Edmonds sold 602 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total transaction of $98,011.62. Following the transaction, the insider now owns 14,034 shares of the company's stock, valued at approximately $2,284,875.54. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,489 shares of company stock worth $1,202,259 over the last 90 days. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ICE. TD Cowen initiated coverage on Intercontinental Exchange in a research report on Thursday, September 26th. They set a "buy" rating and a $182.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on Intercontinental Exchange from $171.00 to $188.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research report on Monday, November 11th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th. Finally, Bank of America upped their price target on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the company a "buy" rating in a report on Thursday, October 3rd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $174.13.

Intercontinental Exchange Stock Down 0.6 %

Shares of ICE stock traded down $0.92 on Friday, hitting $155.55. The stock had a trading volume of 2,795,449 shares, compared to its average volume of 3,425,119. Intercontinental Exchange, Inc. has a one year low of $110.64 and a one year high of $167.99. The business has a 50 day moving average price of $160.97 and a 200 day moving average price of $150.07. The company has a market cap of $89.31 billion, a PE ratio of 36.86, a P/E/G ratio of 2.57 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the business posted $1.46 EPS. The company's quarterly revenue was up 17.3% compared to the same quarter last year. Research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 earnings per share for the current fiscal year.

About Intercontinental Exchange

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.