Quantinno Capital Management LP Increases Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Quantinno Capital Management LP boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 45,272 shares of the financial services provider's stock after purchasing an additional 6,731 shares during the quarter. Quantinno Capital Management LP's holdings in Intercontinental Exchange were worth $6,746,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ICE. Norges Bank acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $1,196,258,000. Kovitz Investment Group Partners LLC increased its position in shares of Intercontinental Exchange by 423.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 4,546,437 shares of the financial services provider's stock worth $677,465,000 after acquiring an additional 3,678,384 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Intercontinental Exchange during the fourth quarter worth $406,728,000. Swedbank AB lifted its position in Intercontinental Exchange by 2,293.3% in the 4th quarter. Swedbank AB now owns 2,215,767 shares of the financial services provider's stock valued at $330,171,000 after acquiring an additional 2,123,185 shares in the last quarter. Finally, AMF Tjanstepension AB boosted its stake in Intercontinental Exchange by 1,237.7% in the 4th quarter. AMF Tjanstepension AB now owns 1,701,585 shares of the financial services provider's stock worth $253,591,000 after purchasing an additional 1,574,386 shares during the period. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the completion of the sale, the insider now owns 17,972 shares in the company, valued at approximately $3,001,144.28. This trade represents a 27.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the business'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 directly owns 155,174 shares in the company, valued at $25,855,091.88. This trade represents a 9.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,468 shares of company stock valued at $5,763,545. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Price Performance

NYSE ICE traded down $0.54 on Tuesday, hitting $176.21. The stock had a trading volume of 2,150,776 shares, compared to its average volume of 2,978,088. The firm has a 50-day moving average of $167.46 and a 200-day 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 52-week low of $131.79 and a 52-week high of $179.44. The company has a market capitalization of $101.08 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last posted 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. The firm 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%. The company's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 EPS. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed 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 1.09%. Intercontinental Exchange's dividend payout ratio is currently 39.75%.

Analyst Ratings Changes

ICE has been the topic of several analyst reports. Bank of America dropped their target price on Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. UBS Group increased their price objective 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. Barclays lifted their target price on shares of Intercontinental Exchange from $189.00 to $198.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Finally, Morgan Stanley boosted 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. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock 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.