Altman Advisors Inc. Has $1.90 Million Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Altman Advisors Inc. grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,750 shares of the financial services provider’s stock after acquiring an additional 81 shares during the period. Altman Advisors Inc.’s holdings in Intercontinental Exchange were worth $1,900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ICE. M&T Bank Corp increased its stake in shares of Intercontinental Exchange by 33.2% in the 3rd quarter. M&T Bank Corp now owns 46,689 shares of the financial services provider’s stock valued at $7,500,000 after buying an additional 11,648 shares during the period. Virtu Financial LLC acquired a new position in Intercontinental Exchange during the 3rd quarter valued at about $2,817,000. Sanctuary Advisors LLC boosted its stake in shares of Intercontinental Exchange by 26.7% in the 3rd quarter. Sanctuary Advisors LLC now owns 76,732 shares of the financial services provider’s stock valued at $12,223,000 after purchasing an additional 16,152 shares during the last quarter. World Investment Advisors LLC grew its position in shares of Intercontinental Exchange by 759.2% during the 3rd quarter. World Investment Advisors LLC now owns 52,946 shares of the financial services provider’s stock worth $8,505,000 after buying an additional 46,784 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Intercontinental Exchange in the third quarter valued at approximately $3,504,000. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO Mayur Kapani sold 5,661 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total transaction of $835,506.99. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Douglas Foley sold 10,580 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now owns 21,992 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 66,563 shares of company stock worth $10,998,990. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 0.5 %

Shares of NYSE:ICE opened at $155.92 on Friday. The stock has a market capitalization of $89.57 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company’s 50-day moving average price is $167.80 and its two-hundred day moving average price is $160.52. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 EPS 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%. On average, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.23%. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ICE shares. UBS Group increased their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” 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 stock an “overweight” rating in a research report on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. JPMorgan Chase & Co. cut their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Bank of America lowered their price objective on shares of Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.47.

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.