Intercontinental Exchange, Inc. (NYSE:ICE) Stock Holdings Boosted by Governors Lane LP

Governors Lane LP raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 88.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,100 shares of the financial services provider's stock after purchasing an additional 59,500 shares during the period. Intercontinental Exchange accounts for approximately 1.5% of Governors Lane LP's holdings, making the stock its 21st biggest position. Governors Lane LP's holdings in Intercontinental Exchange were worth $18,939,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ICE. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $25,000. Redwood Park Advisors LLC acquired a new position in Intercontinental Exchange during the 4th quarter worth $33,000. Lee Danner & Bass Inc. bought a new position in shares of Intercontinental Exchange in the fourth quarter worth $34,000. BankPlus Trust Department bought 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 Intercontinental Exchange in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 89.30% of the company's stock.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 6,834 shares of the company's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the transaction, the insider now directly owns 17,972 shares of the company's stock, valued at approximately $3,001,144.28. This represents a 27.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judith A. Sprieser sold 2,630 shares of Intercontinental Exchange stock in a transaction on Wednesday, April 16th. The shares were sold at an average price of $159.00, for a total value 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 position. The disclosure for this sale can be found here. Insiders sold 42,368 shares of company stock valued at $7,077,789 over the last three months. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Up 1.3 %

ICE stock opened at $178.73 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $102.52 billion, a P/E ratio of 37.39, a P/E/G ratio of 2.10 and a beta of 1.12. Intercontinental Exchange, Inc. has a 52-week low of $131.79 and a 52-week high of $179.44. The company's 50 day simple moving average is $166.93 and its 200-day simple moving average is $161.00.

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

Intercontinental Exchange Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.07%. Intercontinental Exchange's dividend payout ratio is 39.75%.

Wall Street Analysts Forecast Growth

ICE has been the topic of several research analyst reports. Barclays raised their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. Bank of America lowered their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods boosted their price objective on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an "outperform" rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus target price of $185.93.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.