Metis Global Partners LLC Purchases 1,141 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Metis Global Partners LLC grew its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,169 shares of the financial services provider’s stock after purchasing an additional 1,141 shares during the period. Metis Global Partners LLC’s holdings in Intercontinental Exchange were worth $3,899,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $25,000. Capital Performance Advisors LLP bought a new stake in Intercontinental Exchange during the third quarter worth about $29,000. FSA Wealth Management LLC bought a new stake in Intercontinental Exchange during the third quarter worth about $31,000. BankPlus Trust Department bought a new stake in Intercontinental Exchange during the fourth quarter worth about $40,000. Finally, Planning Capital Management Corp raised its holdings in Intercontinental Exchange by 96.7% during the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 147 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ICE has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft upped their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. 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. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Activity

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total transaction of $149,056.40. Following the sale, the general counsel now owns 44,702 shares of the company’s stock, valued at $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Benjamin Jackson sold 7,900 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. This represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,268 shares of company stock valued at $11,262,789. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $173.21 on Friday. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $173.54. The stock’s 50 day moving average is $157.41 and its 200-day moving average is $158.79. 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 capitalization of $99.52 billion, a price-to-earnings ratio of 36.24, a PEG ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS 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 research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 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.