Vaughan Nelson Investment Management L.P. Has $253.64 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Vaughan Nelson Investment Management L.P. cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,974,945 shares of the financial services provider's stock after selling 64,487 shares during the quarter. Intercontinental Exchange makes up 2.5% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 5th largest holding. Vaughan Nelson Investment Management L.P. owned about 0.35% of Intercontinental Exchange worth $253,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB grew its holdings in shares of Intercontinental Exchange by 27.3% during the fourth quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider's stock valued at $7,311,000 after purchasing an additional 12,208 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Intercontinental Exchange by 7.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 126,854 shares of the financial services provider's stock worth $13,956,000 after buying an additional 8,320 shares in the last quarter. First County Bank CT grew its holdings in Intercontinental Exchange by 2.7% in the 3rd quarter. First County Bank CT now owns 3,811 shares of the financial services provider's stock worth $419,000 after buying an additional 100 shares in the last quarter. CIC Wealth LLC bought a new position in Intercontinental Exchange in the 4th quarter worth approximately $221,000. Finally, Fortitude Family Office LLC bought a new position in Intercontinental Exchange in the 4th quarter worth approximately $28,000. 89.30% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the sale, the chief executive officer now owns 1,179,895 shares in the company, valued at $161,893,392.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Warren Gardiner sold 2,176 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $136.00, for a total value of $295,936.00. Following the completion of the sale, the chief financial officer now owns 12,061 shares in the company, valued at $1,640,296. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey C. Sprecher sold 58,388 shares of the stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $137.21, for a total value of $8,011,417.48. Following the completion of the sale, the chief executive officer now owns 1,179,895 shares of the company's stock, valued at approximately $161,893,392.95. The disclosure for this sale can be found here. Insiders sold 157,491 shares of company stock worth $21,454,204 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Price Performance

Shares of NYSE:ICE traded up $1.17 on Friday, reaching $137.87. 1,961,099 shares of the company traded hands, compared to its average volume of 2,487,083. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43. The company's 50 day moving average is $135.64 and its 200-day moving average is $122.91. The stock has a market capitalization of $78.95 billion, a PE ratio of 32.83, a P/E/G ratio of 2.19 and a beta of 1.02. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a return on equity of 12.91% and a net margin of 23.91%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The company's quarterly revenue was up 24.5% compared to the same quarter last year. As a group, analysts anticipate that Intercontinental Exchange, Inc. will post 5.94 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.45 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from Intercontinental Exchange's previous quarterly dividend of $0.42. Intercontinental Exchange's dividend payout ratio is presently 42.86%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ICE. Citigroup increased their price objective on Intercontinental Exchange from $155.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Wednesday, February 14th. Raymond James increased their price objective on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a "strong-buy" rating in a report on Friday, January 5th. UBS Group upped their target price on Intercontinental Exchange from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, February 12th. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $152.00 target price on shares of Intercontinental Exchange in a research report on Thursday. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has an average rating of "Moderate Buy" and a consensus price target of $146.69.

Intercontinental Exchange Company 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.