Intercontinental Exchange, Inc. (NYSE:ICE) is Vaughan Nelson Investment Management L.P.’s 8th Largest Position

Vaughan Nelson Investment Management L.P. increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 4.9% during the third quarter, HoldingsChannel.com reports. The firm owned 1,522,172 shares of the financial services provider’s stock after buying an additional 70,565 shares during the period. Intercontinental Exchange accounts for 2.2% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 8th largest position. Vaughan Nelson Investment Management L.P.’s holdings in Intercontinental Exchange were worth $244,522,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. New Millennium Group LLC bought a new position in shares of Intercontinental Exchange in the second quarter worth $25,000. International Assets Investment Management LLC purchased a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Fairscale Capital LLC purchased a new stake in shares of Intercontinental Exchange in the 2nd quarter valued at about $25,000. Wolff Wiese Magana LLC boosted its position in shares of Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 147 shares during the last quarter. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Intercontinental Exchange during the third quarter worth about $26,000. Institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 2,048 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares in the company, valued at $7,159,108.05. This trade represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Christopher Scott Edmonds sold 602 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $162.81, for a total value of $98,011.62. Following the transaction, the insider now owns 14,034 shares in the company, valued at $2,284,875.54. This trade represents a 4.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,489 shares of company stock valued at $1,202,259 over the last quarter. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on ICE. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Bank of America lifted their price objective on shares of Intercontinental Exchange from $168.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $168.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, August 6th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Finally, Morgan Stanley upped their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.13.

Intercontinental Exchange Trading Down 0.6 %

Shares of ICE opened at $155.55 on Friday. The firm has a fifty day simple moving average of $160.97 and a two-hundred day simple moving average of $150.07. Intercontinental Exchange, Inc. has a twelve month low of $110.64 and a twelve month high of $167.99. The stock has a market capitalization of $89.31 billion, a P/E ratio of 36.86, a PEG ratio of 2.57 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the business earned $1.46 EPS. Intercontinental Exchange’s revenue was up 17.3% compared to the same quarter last year. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.07 EPS for the current year.

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.