Teachers Advisors LLC boosted its stake in Intercontinental Exchange Inc (NYSE:ICE) by 23.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,708,487 shares of the financial services provider’s stock after buying an additional 324,089 shares during the period. Teachers Advisors LLC’s holdings in Intercontinental Exchange were worth $120,551,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Captrust Financial Advisors acquired a new position in Intercontinental Exchange in the 4th quarter valued at about $383,000. HBK Investments L P grew its stake in Intercontinental Exchange by 1,858.4% in the 4th quarter. HBK Investments L P now owns 161,708 shares of the financial services provider’s stock valued at $11,410,000 after buying an additional 153,451 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Intercontinental Exchange by 491.0% during the 4th quarter. Two Sigma Investments LP now owns 15,641 shares of the financial services provider’s stock worth $1,104,000 after purchasing an additional 19,641 shares in the last quarter. HPM Partners LLC grew its position in shares of Intercontinental Exchange by 16.5% during the 4th quarter. HPM Partners LLC now owns 20,815 shares of the financial services provider’s stock worth $1,469,000 after purchasing an additional 2,949 shares in the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $4,198,000. Institutional investors and hedge funds own 90.74% of the company’s stock.
In other news, CEO Jeffrey C. Sprecher sold 132,245 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $73.34, for a total transaction of $9,698,848.30. Following the completion of the sale, the chief executive officer now owns 1,454,661 shares of the company’s stock, valued at approximately $106,684,837.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $72.75, for a total transaction of $181,875.00. Following the sale, the president now directly owns 64,154 shares of the company’s stock, valued at approximately $4,667,203.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,201 shares of company stock valued at $13,690,343. 1.50% of the stock is currently owned by insiders.
Shares of Intercontinental Exchange Inc (ICE) opened at $75.67 on Tuesday. Intercontinental Exchange Inc has a twelve month low of $57.91 and a twelve month high of $76.30. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. The firm has a market cap of $44,097.14, a P/E ratio of 25.76, a PEG ratio of 2.66 and a beta of 0.65.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.01. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 10.83%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.71 EPS. The firm’s quarterly revenue was up .5% on a year-over-year basis. research analysts forecast that Intercontinental Exchange Inc will post 3.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Thursday, September 13th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, September 12th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 18.87%.
A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Berenberg Bank assumed coverage on shares of Intercontinental Exchange in a research report on Thursday, January 25th. They set a “buy” rating and a $90.00 target price on the stock. JPMorgan Chase & Co. upgraded shares of Intercontinental Exchange from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $76.00 to $83.00 in a research report on Tuesday, February 20th. Bank of America decreased their target price on shares of Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Finally, Argus restated a “buy” rating and set a $67.00 target price (down previously from $80.00) on shares of Intercontinental Exchange in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $76.62.
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Intercontinental Exchange Profile
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc, is a network of regulated exchanges and clearing houses for financial and commodity markets. The Company delivers transparent and accessible data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext.
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