Gilder Gagnon Howe & Co. LLC purchased a new stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,997 shares of the financial services provider's stock, valued at approximately $447,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Intercontinental Exchange by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 35,151 shares of the financial services provider's stock valued at $5,647,000 after purchasing an additional 366 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in Intercontinental Exchange by 6.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 73,970 shares of the financial services provider's stock worth $11,022,000 after acquiring an additional 4,787 shares during the period. Avantra Family Wealth Inc. bought a new position in Intercontinental Exchange in the 4th quarter worth $702,000. Dixon Mitchell Investment Counsel Inc. raised its holdings in Intercontinental Exchange by 9.2% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 728,133 shares of the financial services provider's stock worth $108,515,000 after acquiring an additional 61,110 shares during the period. Finally, National Pension Service raised its holdings in Intercontinental Exchange by 19.1% in the 4th quarter. National Pension Service now owns 1,239,140 shares of the financial services provider's stock worth $184,644,000 after acquiring an additional 198,311 shares during the period. Institutional investors own 89.30% of the company's stock.
Intercontinental Exchange Stock Performance
Shares of ICE traded up $1.76 during midday trading on Wednesday, reaching $168.09. 3,671,833 shares of the stock were exchanged, compared to its average volume of 2,935,402. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $96.57 billion, a P/E ratio of 35.17, a PEG ratio of 2.10 and a beta of 1.09. The stock's 50 day simple moving average is $166.38 and its 200 day simple moving average is $160.49.
Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.
Intercontinental Exchange Announces Dividend
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 given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's payout ratio is currently 40.17%.
Analyst Ratings Changes
Several research analysts recently commented on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Keefe, Bruyette & Woods lifted their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Barclays raised their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange has an average rating of "Moderate Buy" and a consensus target price of $182.47.
View Our Latest Research Report on ICE
Insider Buying and Selling
In other Intercontinental Exchange news, insider Lynn C. Martin sold 4,155 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $165.60, for a total value of $688,068.00. Following the transaction, the insider now owns 57,376 shares in the company, valued at $9,501,465.60. The trade was a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction dated Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value of $418,170.00. Following the completion of the transaction, the director now owns 21,364 shares in the company, valued at approximately $3,396,876. This represents a 10.96 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,931 shares of company stock worth $10,492,868. Company insiders own 1.00% of the company's stock.
About Intercontinental Exchange
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Free Report)
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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