Horizon Investments LLC Has $1.64 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Horizon Investments LLC lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,032 shares of the financial services provider’s stock after purchasing an additional 231 shares during the quarter. Horizon Investments LLC’s holdings in Intercontinental Exchange were worth $1,644,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ICE. Sierra Ocean LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $25,000. FSA Wealth Management LLC bought a new position in Intercontinental Exchange during the third quarter worth about $31,000. BankPlus Trust Department acquired a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $40,000. Golden State Wealth Management LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $51,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Intercontinental Exchange in the 4th quarter worth approximately $55,000. 89.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ICE. JPMorgan Chase & Co. cut their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Barclays boosted their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, UBS Group raised their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 owns 147,274 shares of the company’s stock, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock worth $10,998,990 over the last quarter. Company insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 0.4 %

Shares of NYSE:ICE opened at $173.59 on Thursday. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $175.41. The company has a market capitalization of $99.74 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The company has a fifty day moving average of $163.08 and a 200-day moving average of $159.89.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. On average, equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio 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.