William Blair Investment Management LLC Has $37.21 Million Stock Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

William Blair Investment Management LLC cut its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 16.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 249,696 shares of the financial services provider’s stock after selling 49,072 shares during the quarter. William Blair Investment Management LLC’s holdings in Intercontinental Exchange were worth $37,207,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Horizon Kinetics Asset Management LLC boosted its position in Intercontinental Exchange by 7.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 804,581 shares of the financial services provider’s stock valued at $119,891,000 after purchasing an additional 59,055 shares during the last quarter. TCTC Holdings LLC boosted its position in Intercontinental Exchange by 1.8% during the fourth quarter. TCTC Holdings LLC now owns 7,228 shares of the financial services provider’s stock valued at $1,077,000 after purchasing an additional 125 shares during the last quarter. John & Kathleen Schreiber Foundation acquired a new position in Intercontinental Exchange during the fourth quarter valued at approximately $495,000. Signaturefd LLC raised its stake in Intercontinental Exchange by 3.9% in the fourth quarter. Signaturefd LLC now owns 9,223 shares of the financial services provider’s stock valued at $1,374,000 after buying an additional 347 shares during the period. Finally, SouthState Corp raised its stake in Intercontinental Exchange by 4.5% in the fourth quarter. SouthState Corp now owns 66,417 shares of the financial services provider’s stock valued at $9,897,000 after buying an additional 2,851 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ICE has been the topic of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Keefe, Bruyette & Woods upped their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a research note on Friday, February 7th. Finally, Barclays upped their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 10,580 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the transaction, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. This trade represents a 32.48 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the transaction, the president now owns 147,274 shares in the company, valued at approximately $25,247,181.82. This trade represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 67,313 shares of company stock worth $11,113,733 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $172.92 on Tuesday. The stock’s fifty day moving average price is $162.01 and its two-hundred day moving average price is $159.72. 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 firm has a market cap of $99.35 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.11%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Intercontinental Exchange 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.