Vanguard Group Inc. Boosts Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Vanguard Group Inc. boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,228,177 shares of the financial services provider’s stock after buying an additional 538,670 shares during the quarter. Vanguard Group Inc. owned 0.09% of Intercontinental Exchange worth $7,782,521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Meridian Wealth Advisors LLC boosted its stake in Intercontinental Exchange by 1.0% during the fourth quarter. Meridian Wealth Advisors LLC now owns 38,243 shares of the financial services provider’s stock worth $5,699,000 after buying an additional 388 shares during the period. LPL Financial LLC boosted its stake in Intercontinental Exchange by 13.9% during the fourth quarter. LPL Financial LLC now owns 454,708 shares of the financial services provider’s stock worth $67,757,000 after buying an additional 55,453 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Intercontinental Exchange during the fourth quarter worth $28,384,000. AXQ Capital LP purchased a new stake in shares of Intercontinental Exchange during the fourth quarter valued at $1,564,000. Finally, Sei Investments Co. boosted its stake in shares of Intercontinental Exchange by 10.5% during the fourth quarter. Sei Investments Co. now owns 477,792 shares of the financial services provider’s stock valued at $71,197,000 after purchasing an additional 45,291 shares during the period. 89.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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. Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. 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 $178.80.

Intercontinental Exchange Stock Performance

ICE stock opened at $174.42 on Monday. The firm has a market cap of $100.22 billion, a price-to-earnings ratio of 36.49, a PEG ratio of 2.10 and a beta of 1.08. The firm has a 50-day simple moving average of $164.29 and a two-hundred day simple moving average of $160.07. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $175.99. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last released its quarterly 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%. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

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

Insider Buying and Selling at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 12,922 shares of the company’s stock, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,563 shares of company stock valued at $10,998,990. 1.10% of the stock is currently owned by insiders.

Intercontinental Exchange 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.