AlphaQuest LLC Decreases Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

AlphaQuest LLC decreased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 55.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,281 shares of the financial services provider’s stock after selling 7,774 shares during the period. AlphaQuest LLC’s holdings in Intercontinental Exchange were worth $936,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of Intercontinental Exchange during the 3rd quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new position in shares of Intercontinental Exchange during the 3rd quarter valued at approximately $31,000. BankPlus Trust Department bought a new position in shares of Intercontinental Exchange during the 4th quarter valued at approximately $40,000. Finally, Planning Capital Management Corp grew its position 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 valued at $48,000 after acquiring an additional 147 shares during the period. 89.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on ICE shares. JPMorgan Chase & Co. reduced their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Barclays raised their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Activity

In related news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the transaction, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of Intercontinental Exchange stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the completion of the transaction, the president now owns 155,174 shares in the company, valued at approximately $25,855,091.88. The trade was a 9.93 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,313 shares of company stock worth $11,113,733. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $169.29 on Tuesday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.41. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $97.27 billion, a PE ratio of 35.42, a P/E/G ratio of 2.10 and a beta of 1.08. The company’s 50 day simple moving average is $159.86 and its two-hundred day simple moving average is $159.38.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share 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%. Analysts predict that Intercontinental Exchange, Inc. will post 6.73 earnings per share 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 given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 40.17%.

About Intercontinental Exchange

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.