Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 989.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,982 shares of the financial services provider’s stock after buying an additional 31,770 shares during the period. Edgestream Partners L.P.’s holdings in Intercontinental Exchange were worth $5,213,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Callan Family Office LLC acquired a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $1,505,000. EagleClaw Capital Managment LLC increased its stake in Intercontinental Exchange by 1.8% during the 4th quarter. EagleClaw Capital Managment LLC now owns 67,740 shares of the financial services provider’s stock worth $10,094,000 after buying an additional 1,200 shares during the period. E Fund Management Co. Ltd. acquired a new position in shares of Intercontinental Exchange in the fourth quarter worth about $214,000. Candriam S.C.A. raised its position in shares of Intercontinental Exchange by 30.7% in the 4th quarter. Candriam S.C.A. now owns 243,526 shares of the financial services provider’s stock valued at $36,288,000 after purchasing an additional 57,260 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its stake in Intercontinental Exchange by 29.4% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 8,020 shares of the financial services provider’s stock valued at $1,195,000 after acquiring an additional 1,821 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

ICE opened at $170.40 on Friday. The firm has a market capitalization of $97.91 billion, a P/E ratio of 35.65, a PEG ratio of 2.10 and a beta of 1.08. The stock has a fifty day moving average of $159.46 and a 200-day moving average of $159.28. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $175.41.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data 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%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

Analyst Ratings Changes

A number of equities analysts have commented on ICE shares. Barclays lifted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Keefe, Bruyette & Woods raised 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. decreased their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, 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 research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the sale, the president now directly owns 147,274 shares of the company’s stock, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,268 shares of company stock valued at $11,262,789. Corporate insiders own 1.10% of the company’s stock.

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.