Stephens Inc. AR Has $5.05 Million Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Stephens Inc. AR trimmed its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 12.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,864 shares of the financial services provider’s stock after selling 4,960 shares during the period. Stephens Inc. AR’s holdings in Intercontinental Exchange were worth $5,046,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in ICE. Benedict Financial Advisors Inc. raised its stake in Intercontinental Exchange by 1.4% in the 4th quarter. Benedict Financial Advisors Inc. now owns 17,476 shares of the financial services provider’s stock valued at $2,604,000 after acquiring an additional 236 shares during the period. AlphaStar Capital Management LLC increased its holdings in shares of Intercontinental Exchange by 16.7% in the fourth quarter. AlphaStar Capital Management LLC now owns 13,893 shares of the financial services provider’s stock valued at $2,070,000 after purchasing an additional 1,989 shares during the last quarter. Entropy Technologies LP raised its position in shares of Intercontinental Exchange by 44.6% in the fourth quarter. Entropy Technologies LP now owns 41,469 shares of the financial services provider’s stock valued at $6,179,000 after purchasing an additional 12,791 shares during the period. Empirical Finance LLC lifted its stake in shares of Intercontinental Exchange by 2.9% during the 4th quarter. Empirical Finance LLC now owns 8,407 shares of the financial services provider’s stock worth $1,253,000 after buying an additional 233 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Intercontinental Exchange by 22.0% during the 4th quarter. Empowered Funds LLC now owns 13,207 shares of the financial services provider’s stock worth $1,968,000 after buying an additional 2,378 shares during the period. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $167.28 on Tuesday. The company’s 50 day simple moving average is $153.35 and its 200 day simple moving average is $157.06. The stock has a market capitalization of $96.05 billion, a price-to-earnings ratio of 35.00, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $169.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data 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%. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 6.63 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business 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. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.15%. Intercontinental Exchange’s payout ratio is currently 37.66%.

Insider Activity at Intercontinental Exchange

In other news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the sale, the president now directly owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total transaction of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,358 shares of company stock valued at $5,535,650. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ICE. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a research note on Monday, October 14th. Barclays boosted their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Finally, UBS Group upped their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.