O Shaughnessy Asset Management LLC Has $9.37 Million Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

O Shaughnessy Asset Management LLC raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,846 shares of the financial services provider’s stock after purchasing an additional 4,857 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Intercontinental Exchange were worth $9,365,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Intercontinental Exchange in the 4th quarter valued at $25,000. FSA Wealth Management LLC bought a new stake in shares of Intercontinental Exchange in the 3rd quarter worth $31,000. Lee Danner & Bass Inc. bought a new stake in shares of Intercontinental Exchange in the 4th quarter worth $34,000. BankPlus Trust Department purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $40,000. Finally, Mountain Hill Investment Partners Corp. bought a new position in shares of Intercontinental Exchange during the fourth quarter valued at about $45,000. Institutional investors own 89.30% of the company’s stock.

Analyst Ratings Changes

ICE has been the subject of a number of recent analyst reports. Barclays upped their price objective on shares of 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 raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Keefe, Bruyette & Woods boosted 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. 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 note on Friday, January 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $178.80.

Intercontinental Exchange Stock Performance

Shares of ICE stock opened at $172.51 on Tuesday. The firm’s 50 day moving average is $167.59 and its 200 day moving average is $160.65. The stock has a market capitalization of $99.12 billion, a P/E ratio of 36.09, a PEG ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $177.45. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) 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, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is presently 40.17%.

Insider Activity

In other news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88. Following the completion of the transaction, the president now directly owns 164,041 shares in the company, valued at $27,183,234.11. The trade was a 3.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now owns 12,922 shares in the company, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 66,563 shares of company stock worth $10,998,990 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.