Vinva Investment Management Ltd increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,412 shares of the financial services provider's stock after purchasing an additional 6,692 shares during the period. Vinva Investment Management Ltd's holdings in Intercontinental Exchange were worth $4,244,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Strategic Advisors LLC grew its stake in shares of Intercontinental Exchange by 5.1% in the fourth quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider's stock worth $201,000 after purchasing an additional 66 shares during the last quarter. Commons Capital LLC grew its position in shares of Intercontinental Exchange by 1.2% in the 4th quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider's stock valued at $886,000 after buying an additional 69 shares during the last quarter. Brooklyn Investment Group grew its position in shares of Intercontinental Exchange by 2.2% in the 4th quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider's stock valued at $475,000 after buying an additional 70 shares during the last quarter. Clear Harbor Asset Management LLC increased its stake in shares of Intercontinental Exchange by 3.7% in the fourth quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider's stock valued at $294,000 after buying an additional 70 shares during the period. Finally, Johnson Investment Counsel Inc. raised its position in shares of Intercontinental Exchange by 2.3% during the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider's stock worth $465,000 after acquiring an additional 71 shares during the last quarter. Institutional investors own 89.30% of the company's stock.
Intercontinental Exchange Stock Up 0.5 %
NYSE ICE traded up $0.88 during mid-day trading on Monday, hitting $175.27. The company's stock had a trading volume of 2,982,397 shares, compared to its average volume of 2,599,555. The firm has a market capitalization of $100.70 billion, a price-to-earnings ratio of 36.67, a PEG ratio of 2.10 and a beta of 1.08. The company's 50 day simple moving average is $164.29 and its 200 day simple moving average is $160.07. 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 twelve month low of $124.34 and a twelve month high of $176.17.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (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%. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.
Intercontinental Exchange Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio (DPR) is presently 40.17%.
Insider Transactions at Intercontinental Exchange
In other news, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction dated 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 sale, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of the business's stock in a transaction dated 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 trade represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock valued at $10,998,990 over the last ninety days. 1.10% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages recently commented on ICE. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a report on Friday, February 7th. UBS Group upped their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. lowered their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Barclays increased their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $178.80.
Read Our Latest Stock Analysis on Intercontinental Exchange
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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