Aristotle Atlantic Partners LLC Sells 11,581 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Aristotle Atlantic Partners LLC reduced its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 183,383 shares of the financial services provider's stock after selling 11,581 shares during the period. Intercontinental Exchange accounts for approximately 0.9% of Aristotle Atlantic Partners LLC's portfolio, making the stock its 29th largest position. Aristotle Atlantic Partners LLC's holdings in Intercontinental Exchange were worth $27,326,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Intercontinental Exchange by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider's stock valued at $7,782,521,000 after buying an additional 538,670 shares during the period. Geode Capital Management LLC lifted its stake in Intercontinental Exchange by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider's stock worth $1,765,317,000 after acquiring an additional 327,637 shares during the period. Norges Bank bought a new stake in Intercontinental Exchange in the fourth quarter valued at $1,196,258,000. Northern Trust Corp increased its position in Intercontinental Exchange by 9.7% during the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider's stock valued at $1,105,953,000 after purchasing an additional 655,247 shares during the period. Finally, Independent Franchise Partners LLP boosted its stake in shares of Intercontinental Exchange by 20.8% during the 4th quarter. Independent Franchise Partners LLP now owns 6,160,836 shares of the financial services provider's stock valued at $918,026,000 after purchasing an additional 1,062,904 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Insider Transactions at Intercontinental Exchange

In other news, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the sale, the senior vice president now directly owns 21,992 shares of the company's stock, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 17,104 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $166.62, for a total value of $2,849,868.48. Following the transaction, the president now owns 155,174 shares of the company's stock, valued at $25,855,091.88. This represents a 9.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,931 shares of company stock valued at $10,492,868 over the last 90 days. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

ICE has been the topic of several research reports. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Morgan Stanley upped their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a research note on Monday. Barclays raised their price objective on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Finally, UBS Group upped their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $185.93.

Intercontinental Exchange Stock Performance

Shares of ICE stock traded up $1.55 during trading hours on Tuesday, reaching $175.53. 2,654,403 shares of the company traded hands, compared to its average volume of 2,930,217. The firm has a 50-day moving average price of $166.54 and a 200 day moving average price of $160.63. The company has a market cap of $100.84 billion, a P/E ratio of 36.72, a P/E/G ratio of 2.10 and a beta of 1.12. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 12-month low of $131.60 and a 12-month high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The firm had revenue of $2.47 billion during the quarter, compared to analysts' expectations of $2.44 billion. During the same period in the prior year, the company posted $1.48 earnings per share. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.09%. Intercontinental Exchange's payout ratio is 39.75%.

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.