Quantbot Technologies LP Buys 44,772 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Quantbot Technologies LP lifted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 176.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,215 shares of the financial services provider’s stock after acquiring an additional 44,772 shares during the period. Quantbot Technologies LP’s holdings in Intercontinental Exchange were worth $10,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. acquired a new stake in Intercontinental Exchange in the third quarter valued at approximately $227,000. Commerce Bank boosted its stake in Intercontinental Exchange by 1.3% in the third quarter. Commerce Bank now owns 23,970 shares of the financial services provider’s stock valued at $3,851,000 after acquiring an additional 300 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Intercontinental Exchange by 6.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,406 shares of the financial services provider’s stock valued at $708,000 after buying an additional 254 shares during the last quarter. Citizens Financial Group Inc. RI lifted its holdings in Intercontinental Exchange by 53.0% during the third quarter. Citizens Financial Group Inc. RI now owns 11,491 shares of the financial services provider’s stock valued at $1,846,000 after purchasing an additional 3,982 shares during the last quarter. Finally, King Luther Capital Management Corp grew its stake in Intercontinental Exchange by 135.2% in the 3rd quarter. King Luther Capital Management Corp now owns 122,538 shares of the financial services provider’s stock valued at $19,685,000 after buying an additional 70,436 shares in the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on ICE. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. UBS Group raised their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods upped their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Finally, Barclays raised their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $174.42 on Friday. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $175.99. The firm’s fifty day moving average price is $164.29 and its 200-day moving average price is $160.09. The stock has a market cap of $100.22 billion, a P/E ratio of 36.49, 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.

Intercontinental Exchange (NYSE:ICE) last released its quarterly 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 net margin of 23.42% and a return on equity of 12.95%. On average, equities research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share 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 given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.10%. Intercontinental Exchange’s payout ratio is 40.17%.

Insiders Place Their Bets

In other news, CTO Mayur Kapani sold 5,661 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the transaction, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $88,785.73. Following the sale, the insider now 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 disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock valued at $10,998,990 over the last quarter. 1.10% of the stock is owned by corporate insiders.

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.