Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Cantillon Capital Management LLC

Cantillon Capital Management LLC raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,553,300 shares of the financial services provider’s stock after acquiring an additional 18,854 shares during the quarter. Intercontinental Exchange makes up approximately 3.2% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Cantillon Capital Management LLC owned approximately 0.62% of Intercontinental Exchange worth $529,477,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new position in Intercontinental Exchange in the third quarter valued at approximately $29,000. FSA Wealth Management LLC acquired a new position in shares of Intercontinental Exchange during the 3rd quarter worth approximately $31,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth approximately $40,000. Finally, Planning Capital Management Corp raised its stake in shares of Intercontinental Exchange by 96.7% during the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after buying an additional 147 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the transaction, the general counsel now owns 44,702 shares of the company’s stock, valued at $6,977,088.16. This represents a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 68,268 shares of company stock worth $11,262,789 in the last three months. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. UBS Group upped their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays upped their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Stock Up 1.4 %

Shares of NYSE:ICE opened at $173.21 on Friday. 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 business has a fifty day moving average of $157.41 and a two-hundred day moving average of $158.79. The stock has a market cap of $99.52 billion, a P/E ratio of 36.24, a PEG ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $173.54.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is currently 40.17%.

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.