Great Lakes Advisors LLC Has $123.15 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Great Lakes Advisors LLC increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 826,464 shares of the financial services provider’s stock after purchasing an additional 97,416 shares during the period. Intercontinental Exchange makes up 1.1% of Great Lakes Advisors LLC’s holdings, making the stock its 20th largest position. Great Lakes Advisors LLC’s holdings in Intercontinental Exchange were worth $123,152,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ICE. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at approximately $25,000. Capital Performance Advisors LLP acquired a new stake in Intercontinental Exchange in the 3rd quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new stake in shares of Intercontinental Exchange in the 3rd quarter worth approximately $31,000. BankPlus Trust Department bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth approximately $40,000. Finally, Planning Capital Management Corp lifted its position in shares of Intercontinental Exchange by 96.7% in the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 147 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Activity

In other news, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the sale, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Stuart Glen Williams sold 750 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction 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. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 67,313 shares of company stock worth $11,113,733. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Down 0.5 %

Shares of NYSE:ICE opened at $168.34 on Wednesday. The company has a market capitalization of $96.72 billion, a P/E ratio of 35.22, a P/E/G ratio of 2.10 and a beta of 1.08. 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 business’s 50 day simple moving average is $160.24 and its 200 day simple moving average is $159.43.

Intercontinental Exchange (NYSE:ICE) last released its earnings results 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 return on equity of 12.95% and a net margin of 23.42%. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 40.17%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ICE shares. JPMorgan Chase & Co. reduced their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Barclays raised their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, UBS Group raised their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

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.