Worldquant Millennium Advisors LLC Has $136.34 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Worldquant Millennium Advisors LLC boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 168.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 914,963 shares of the financial services provider's stock after buying an additional 574,686 shares during the quarter. Intercontinental Exchange makes up 0.9% of Worldquant Millennium Advisors LLC's holdings, making the stock its 14th biggest holding. Worldquant Millennium Advisors LLC owned approximately 0.16% of Intercontinental Exchange worth $136,339,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ICE. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange in the fourth quarter valued at about $25,000. Redwood Park Advisors LLC acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $33,000. Lee Danner & Bass Inc. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $34,000. BankPlus Trust Department acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $40,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in shares of Intercontinental Exchange during the fourth quarter valued at about $44,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ICE. Bank of America cut 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. Barclays lifted their price target on Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Morgan Stanley lifted their price target on Intercontinental Exchange from $181.00 to $192.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. UBS Group lifted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the company an "outperform" rating in a research note on Friday, May 2nd. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $185.93.

Insiders Place Their Bets

In other news, insider Christopher Scott Edmonds sold 6,834 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the completion of the sale, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the sale, the president now owns 147,274 shares of the company's stock, valued at approximately $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 three months, insiders sold 34,468 shares of company stock worth $5,763,545. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Trading Up 0.2%

Shares of ICE stock opened at $176.61 on Tuesday. The company has a market cap of $101.31 billion, a P/E ratio of 36.95, a PEG ratio of 2.10 and a beta of 1.12. The stock has a 50 day simple moving average of $167.46 and a two-hundred day simple moving average of $161.42. 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, Inc. has a fifty-two week low of $131.79 and a fifty-two week high of $179.44.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.44 billion. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 earnings per share. Research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

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

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.

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