Brown Brothers Harriman & Co. Buys 1,074 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Brown Brothers Harriman & Co. raised its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,036 shares of the financial services provider’s stock after acquiring an additional 1,074 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Intercontinental Exchange were worth $6,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange during the fourth quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at $31,000. Lee Danner & Bass Inc. purchased a new stake in shares of Intercontinental Exchange in the 4th quarter worth about $34,000. BankPlus Trust Department bought a new position in shares of Intercontinental Exchange in the 4th quarter worth about $40,000. Finally, Mountain Hill Investment Partners Corp. purchased a new position in Intercontinental Exchange during the 4th quarter valued at about $45,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares in the company, valued at approximately $9,821,819.32. The trade was a 7.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Lynn C. Martin sold 4,155 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $165.60, for a total transaction of $688,068.00. Following the sale, the insider now directly owns 57,376 shares of the company’s stock, valued at approximately $9,501,465.60. This represents a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock worth $10,998,990 in the last three months. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Down 1.0 %

Shares of Intercontinental Exchange stock opened at $174.65 on Friday. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. 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 company’s 50 day moving average is $167.12 and its 200 day moving average is $160.56. The company has a market cap of $100.35 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

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

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.10%. Intercontinental Exchange’s payout ratio is 40.17%.

Analyst Ratings Changes

A number of brokerages have weighed in on ICE. JPMorgan Chase & Co. decreased 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 note on Friday, January 17th. Barclays raised their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. UBS Group boosted their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

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.