Teachers Advisors LLC boosted its holdings in Intercontinental Exchange Inc (NYSE:ICE) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,708,487 shares of the financial services provider’s stock after purchasing an additional 324,089 shares during the quarter. Teachers Advisors LLC owned about 0.29% of Intercontinental Exchange worth $120,551,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in ICE. Raymond James Financial Services Advisors Inc. raised its position in Intercontinental Exchange by 9.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 238,347 shares of the financial services provider’s stock valued at $16,374,000 after purchasing an additional 20,551 shares during the last quarter. Bessemer Group Inc. raised its position in Intercontinental Exchange by 99.1% in the 3rd quarter. Bessemer Group Inc. now owns 3,793 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 1,888 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Intercontinental Exchange by 7.9% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 42,325 shares of the financial services provider’s stock valued at $2,908,000 after purchasing an additional 3,107 shares during the last quarter. Global X MANAGEMENT CO LLC increased its stake in Intercontinental Exchange by 7.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 12,234 shares of the financial services provider’s stock valued at $840,000 after buying an additional 841 shares during the period. Finally, Intrust Bank NA increased its stake in Intercontinental Exchange by 16.7% in the 3rd quarter. Intrust Bank NA now owns 6,574 shares of the financial services provider’s stock valued at $452,000 after buying an additional 942 shares during the period. Hedge funds and other institutional investors own 90.73% of the company’s stock.
Several equities analysts have issued reports on ICE shares. Bank of America dropped their price objective on shares of Intercontinental Exchange from $83.00 to $82.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Argus reissued a “buy” rating and issued a $67.00 price objective (down from $80.00) on shares of Intercontinental Exchange in a research note on Friday, February 9th. Berenberg Bank started coverage on shares of Intercontinental Exchange in a research note on Thursday, January 25th. They issued a “buy” rating and a $90.00 price objective on the stock. JPMorgan Chase & Co. raised shares of Intercontinental Exchange from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $76.00 to $83.00 in a research note on Tuesday, February 20th. Finally, Zacks Investment Research cut shares of Intercontinental Exchange from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Intercontinental Exchange has a consensus rating of “Buy” and an average target price of $76.62.
In other Intercontinental Exchange news, insider Dean S. Mathison sold 1,042 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $75.79, for a total value of $78,973.18. Following the transaction, the insider now directly owns 12,485 shares in the company, valued at approximately $946,238.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Benjamin Jackson sold 3,045 shares of the company’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $74.17, for a total transaction of $225,847.65. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,144 shares of company stock worth $14,502,143. 1.50% of the stock is owned by insiders.
Shares of Intercontinental Exchange Inc (ICE) traded up $0.34 during midday trading on Tuesday, reaching $74.40. 1,791,225 shares of the company were exchanged, compared to its average volume of 2,885,668. The firm has a market cap of $43,398.39, a PE ratio of 17.57, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65. Intercontinental Exchange Inc has a 12-month low of $57.91 and a 12-month high of $76.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.99 and a current ratio of 0.99.
Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.01. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Intercontinental Exchange had a net margin of 43.09% and a return on equity of 10.83%. The firm’s revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. analysts predict that Intercontinental Exchange Inc will post 3.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Thursday, September 13th will be issued a $0.24 dividend. The ex-dividend date is Wednesday, September 12th. This represents a $0.96 dividend on an annualized basis and a yield of 1.29%. Intercontinental Exchange’s dividend payout ratio (DPR) is 22.64%.
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Intercontinental Exchange Company 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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