Aigen Investment Management LP Purchases 8,975 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Aigen Investment Management LP lifted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 49.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,155 shares of the financial services provider’s stock after buying an additional 8,975 shares during the quarter. Intercontinental Exchange comprises 0.7% of Aigen Investment Management LP’s holdings, making the stock its 13th biggest position. Aigen Investment Management LP’s holdings in Intercontinental Exchange were worth $4,046,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Proficio Capital Partners LLC boosted its holdings in Intercontinental Exchange by 37.1% in the 4th quarter. Proficio Capital Partners LLC now owns 2,238 shares of the financial services provider’s stock valued at $333,000 after purchasing an additional 606 shares during the period. SPC Financial Inc. raised its position in shares of Intercontinental Exchange by 1.0% in the fourth quarter. SPC Financial Inc. now owns 25,503 shares of the financial services provider’s stock valued at $3,800,000 after buying an additional 253 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Intercontinental Exchange by 2.5% in the fourth quarter. M&T Bank Corp now owns 47,877 shares of the financial services provider’s stock valued at $7,134,000 after buying an additional 1,188 shares during the period. Assetmark Inc. grew its position in Intercontinental Exchange by 7.8% during the fourth quarter. Assetmark Inc. now owns 17,762 shares of the financial services provider’s stock worth $2,647,000 after buying an additional 1,281 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its stake in Intercontinental Exchange by 112.0% during the 4th quarter. J.Safra Asset Management Corp now owns 1,806 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 954 shares during the period. Institutional investors own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of several analyst reports. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. UBS Group increased their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Three investment 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, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Stock Down 1.9 %

NYSE:ICE opened at $169.97 on Wednesday. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $175.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market cap of $97.66 billion, a PE ratio of 35.56, a P/E/G ratio of 2.10 and a beta of 1.11. The firm’s 50 day simple moving average is $158.26 and its 200 day simple moving average is $159.03.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.13%. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Insider Buying and Selling

In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now owns 21,992 shares in the company, valued at approximately $3,661,008.24. This trade represents a 32.48 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Benjamin Jackson sold 7,900 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the sale, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. This represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,268 shares of company stock valued at $11,262,789 over the last ninety days. 1.10% of the stock is owned by company insiders.

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.