Aristotle Atlantic Partners LLC Has $29.82 Million Stock Position in Intercontinental Exchange Inc. $ICE

Aristotle Atlantic Partners LLC lessened its stake in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 4.5% during the third quarter, Holdings Channel.com reports. The firm owned 176,996 shares of the financial services provider’s stock after selling 8,350 shares during the period. Aristotle Atlantic Partners LLC’s holdings in Intercontinental Exchange were worth $29,820,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Private Wealth Management Group LLC increased its position in Intercontinental Exchange by 59.5% in the 3rd quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock valued at $30,000 after buying an additional 66 shares in the last quarter. Knuff & Co LLC boosted its holdings in Intercontinental Exchange by 73.3% in the second quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 74 shares in the last quarter. Caitlin John LLC acquired a new stake in Intercontinental Exchange in the third quarter valued at approximately $32,000. Cornerstone Planning Group LLC grew its stake in Intercontinental Exchange by 128.6% in the third quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 153 shares during the period. Finally, Capital A Wealth Management LLC increased its holdings in shares of Intercontinental Exchange by 26,000.0% during the second quarter. Capital A Wealth Management LLC now owns 261 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 260 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

ICE stock opened at $159.12 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.64. The firm has a market cap of $90.36 billion, a PE ratio of 27.58, a P/E/G ratio of 1.72 and a beta of 1.03. The business has a 50 day moving average of $164.52 and a 200-day moving average of $162.21. Intercontinental Exchange Inc. has a 12-month low of $143.17 and a 12-month high of $189.35.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period last year, the company posted $1.52 earnings per share. Intercontinental Exchange’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Wednesday, December 16th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 16th. Intercontinental Exchange’s payout ratio is presently 36.05%.

Insider Activity at Intercontinental Exchange

In related news, insider Christopher Scott Edmonds sold 11,303 shares of the business’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $153.82, for a total value of $1,738,627.46. Following the transaction, the insider directly owned 14,266 shares of the company’s stock, valued at approximately $2,194,396.12. The trade was a 44.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Andrew J. Surdykowski sold 4,571 shares of the stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $162.00, for a total transaction of $740,502.00. Following the transaction, the general counsel owned 48,181 shares of the company’s stock, valued at approximately $7,805,322. The trade was a 8.67% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 348,418 shares of company stock worth $54,196,631. 1.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on ICE shares. UBS Group reaffirmed a “buy” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Monday, February 9th. Wall Street Zen raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Barclays set a $193.00 price objective on shares of Intercontinental Exchange and gave the stock an “overweight” rating in a report on Friday, February 6th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $211.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $180.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $194.73.

Intercontinental Exchange Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.