Altrinsic Global Advisors LLC Purchases 667 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Altrinsic Global Advisors LLC boosted its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 130,827 shares of the financial services provider’s stock after purchasing an additional 667 shares during the quarter. Intercontinental Exchange comprises 0.9% of Altrinsic Global Advisors LLC’s holdings, making the stock its 18th biggest position. Altrinsic Global Advisors LLC’s holdings in Intercontinental Exchange were worth $19,495,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ICE. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at $25,000. Redwood Park Advisors LLC acquired a new position in Intercontinental Exchange in the fourth quarter valued at about $33,000. Lee Danner & Bass Inc. bought a new position in Intercontinental Exchange during the fourth quarter worth about $34,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange during the 4th quarter worth about $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at about $45,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ICE. JPMorgan Chase & Co. decreased their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. 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 note on Friday, February 7th. Barclays boosted their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $182.47.

Intercontinental Exchange Price Performance

NYSE ICE opened at $160.68 on Wednesday. The company has a market capitalization of $92.31 billion, a PE ratio of 33.62, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a 12-month low of $124.34 and a 12-month high of $177.45. The firm’s 50 day moving average is $166.71 and its 200-day moving average is $160.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted 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%. Equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Insider Buying and Selling

In related news, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the transaction, the president now directly owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. This trade represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of Intercontinental Exchange stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total value of $1,761,252.60. Following the completion of the transaction, the senior vice president now directly owns 21,992 shares of the company’s stock, valued at $3,661,008.24. This represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,931 shares of company stock valued at $10,492,868. 1.00% of the stock is owned by 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.