Altshuler Shaham Ltd Takes $29,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Altshuler Shaham Ltd acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 225 shares of the financial services provider’s stock, valued at approximately $29,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nordea Investment Management AB boosted its stake in Intercontinental Exchange by 27.3% in the fourth quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock valued at $7,311,000 after acquiring an additional 12,208 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Intercontinental Exchange by 7.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 126,854 shares of the financial services provider’s stock valued at $13,956,000 after acquiring an additional 8,320 shares during the last quarter. LGT Group Foundation boosted its stake in Intercontinental Exchange by 36.0% in the fourth quarter. LGT Group Foundation now owns 355,555 shares of the financial services provider’s stock valued at $45,724,000 after acquiring an additional 94,039 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Intercontinental Exchange by 9.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,235,985 shares of the financial services provider’s stock valued at $158,738,000 after acquiring an additional 105,042 shares during the last quarter. Finally, First County Bank CT boosted its stake in Intercontinental Exchange by 2.7% in the third quarter. First County Bank CT now owns 3,811 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 100 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

Insider Activity at Intercontinental Exchange

In related news, CFO Warren Gardiner sold 500 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $138.83, for a total value of $69,415.00. Following the completion of the transaction, the chief financial officer now owns 18,326 shares of the company’s stock, valued at $2,544,198.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Warren Gardiner sold 500 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $138.83, for a total value of $69,415.00. Following the completion of the transaction, the chief financial officer now owns 18,326 shares of the company’s stock, valued at $2,544,198.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Douglas Foley sold 7,070 shares of Intercontinental Exchange stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $136.09, for a total transaction of $962,156.30. Following the completion of the transaction, the senior vice president now directly owns 18,383 shares of the company’s stock, valued at approximately $2,501,742.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 157,832 shares of company stock valued at $21,499,127. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

ICE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. JPMorgan Chase & Co. increased their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. StockNews.com lowered shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Citigroup increased their target price on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Finally, UBS Group increased their target price on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, February 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus target price of $147.92.

Intercontinental Exchange Stock Down 0.2 %

Shares of NYSE:ICE traded down $0.33 during midday trading on Wednesday, reaching $133.39. 1,397,428 shares of the company were exchanged, compared to its average volume of 2,406,588. Intercontinental Exchange, Inc. has a fifty-two week low of $103.81 and a fifty-two week high of $140.43. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $134.78 and a two-hundred day simple moving average of $126.35. The firm has a market cap of $76.51 billion, a PE ratio of 30.59, a P/E/G ratio of 2.14 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.48. The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The firm’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 earnings per share. As a group, sell-side analysts forecast that Intercontinental Exchange, Inc. will post 5.95 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 13th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, June 13th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 41.28%.

Intercontinental Exchange Company 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.