Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.0% during the 4th quarter, Holdings Channel reports. The fund owned 5,202 shares of the financial services provider’s stock after acquiring an additional 100 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Intercontinental Exchange were worth $775,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in ICE. Blueshift Asset Management LLC acquired a new stake in shares of Intercontinental Exchange in the 4th quarter valued at $255,000. Magnetar Financial LLC raised its stake in Intercontinental Exchange by 2.0% in the fourth quarter. Magnetar Financial LLC now owns 44,984 shares of the financial services provider’s stock valued at $6,703,000 after buying an additional 864 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Intercontinental Exchange by 16.3% during the 4th quarter. Teacher Retirement System of Texas now owns 327,285 shares of the financial services provider’s stock worth $48,769,000 after buying an additional 45,836 shares during the last quarter. First National Bank of Hutchinson boosted its position in shares of Intercontinental Exchange by 2.5% during the 4th quarter. First National Bank of Hutchinson now owns 3,547 shares of the financial services provider’s stock worth $529,000 after acquiring an additional 87 shares in the last quarter. Finally, Sandy Spring Bank increased its holdings in shares of Intercontinental Exchange by 6.3% in the 4th quarter. Sandy Spring Bank now owns 14,901 shares of the financial services provider’s stock valued at $2,220,000 after acquiring an additional 885 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 0.7 %

NYSE:ICE opened at $174.42 on Friday. The stock’s 50 day simple moving average is $164.29 and its 200-day simple moving average is $160.09. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $175.99. 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 firm has a market cap of $100.22 billion, a P/E ratio of 36.49, a PEG ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate 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 anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.10%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods upped their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Barclays boosted 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. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Activity at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,661 shares of the business’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 sale, the chief technology officer now owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Benjamin Jackson sold 17,104 shares of the company’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 value of $2,849,868.48. Following the completion of the sale, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock worth $10,998,990 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

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.