Alliancebernstein L.P. Buys 141,470 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Alliancebernstein L.P. grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,782,897 shares of the financial services provider’s stock after purchasing an additional 141,470 shares during the period. Alliancebernstein L.P. owned approximately 0.31% of Intercontinental Exchange worth $265,669,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. O Shaughnessy Asset Management LLC boosted its stake in Intercontinental Exchange by 8.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 62,846 shares of the financial services provider’s stock worth $9,365,000 after buying an additional 4,857 shares during the period. United Bank lifted its holdings in shares of Intercontinental Exchange by 6.8% in the 4th quarter. United Bank now owns 12,646 shares of the financial services provider’s stock worth $1,884,000 after acquiring an additional 802 shares during the last quarter. RWA Wealth Partners LLC boosted its stake in shares of Intercontinental Exchange by 8.7% during the 4th quarter. RWA Wealth Partners LLC now owns 15,424 shares of the financial services provider’s stock worth $2,298,000 after purchasing an additional 1,233 shares during the period. Schroder Investment Management Group raised its position in Intercontinental Exchange by 30.3% in the 4th quarter. Schroder Investment Management Group now owns 907,189 shares of the financial services provider’s stock worth $135,507,000 after purchasing an additional 211,072 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Intercontinental Exchange by 55.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,557,569 shares of the financial services provider’s stock worth $232,093,000 after purchasing an additional 555,680 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Activity at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the transaction, the insider now directly owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. This represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,563 shares of company stock valued at $10,998,990 in the last three months. 1.10% of the stock is owned by insiders.

Intercontinental Exchange Stock Down 1.3 %

Shares of Intercontinental Exchange stock opened at $172.51 on Tuesday. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $177.45. The firm’s 50 day moving average price is $167.59 and its 200-day moving average price is $160.65. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $99.12 billion, a P/E ratio of 36.09, a PEG ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (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%. On average, sell-side analysts predict 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. Stockholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.11%. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 40.17%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price 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. Barclays boosted their price objective 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. UBS Group boosted 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. Finally, StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

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.