Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 171.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,307 shares of the financial services provider's stock after acquiring an additional 27,376 shares during the quarter. Brevan Howard Capital Management LP's holdings in Intercontinental Exchange were worth $6,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of ICE. Captrust Financial Advisors grew its stake in shares of Intercontinental Exchange by 11.0% in the fourth quarter. Captrust Financial Advisors now owns 20,952 shares of the financial services provider's stock worth $3,122,000 after acquiring an additional 2,068 shares during the last quarter. Cary Street Partners Financial LLC bought a new stake in Intercontinental Exchange during the 4th quarter valued at about $1,223,000. Castlekeep Investment Advisors LLC bought a new stake in Intercontinental Exchange during the 4th quarter valued at about $1,910,000. Baird Financial Group Inc. raised its holdings in Intercontinental Exchange by 0.6% in the fourth quarter. Baird Financial Group Inc. now owns 533,959 shares of the financial services provider's stock worth $79,565,000 after buying an additional 3,443 shares during the last quarter. Finally, BIP Wealth LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth approximately $211,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock traded up $2.26 during midday trading on Friday, hitting $178.73. The stock had a trading volume of 3,313,509 shares, compared to its average volume of 2,947,980. Intercontinental Exchange, Inc. has a 52-week low of $131.79 and a 52-week high of $179.44. The company has a market capitalization of $102.52 billion, a PE ratio of 37.39, a P/E/G ratio of 2.10 and a beta of 1.12. The firm's fifty day moving average is $166.93 and its two-hundred day moving average is $161.00. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. The company's revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm earned $1.48 EPS. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio (DPR) is presently 39.75%.

Insider Buying and Selling

In other news, President Benjamin Jackson sold 17,104 shares of the company'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 completion of the sale, the president now owns 155,174 shares of the company's stock, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Judith A. Sprieser sold 2,630 shares of the stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total transaction of $418,170.00. Following the sale, the director now directly owns 21,364 shares of the company's stock, valued at approximately $3,396,876. The trade was a 10.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,368 shares of company stock worth $7,077,789. 1.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ICE has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on Intercontinental Exchange from $181.00 to $192.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Barclays increased their price objective on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered their price target 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, Bank of America dropped their price target on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $185.93.

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.