Quantbot Technologies LP Raises Holdings in Intercontinental Exchange Inc. $ICE

Quantbot Technologies LP lifted its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 373.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,697 shares of the financial services provider’s stock after purchasing an additional 36,843 shares during the period. Quantbot Technologies LP’s holdings in Intercontinental Exchange were worth $7,868,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ICE. Westside Investment Management Inc. acquired a new position in Intercontinental Exchange during the second quarter worth approximately $29,000. Private Wealth Management Group LLC grew its position in shares of Intercontinental Exchange by 59.5% during the third quarter. Private Wealth Management Group LLC now owns 177 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 66 shares during the last quarter. Knuff & Co LLC increased its holdings in shares of Intercontinental Exchange by 73.3% in the 2nd quarter. Knuff & Co LLC now owns 175 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 74 shares during the period. Caitlin John LLC acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $32,000. Finally, Cornerstone Planning Group LLC raised its position in Intercontinental Exchange by 128.6% in the 3rd quarter. Cornerstone Planning Group LLC now owns 272 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 153 shares during the last quarter. 89.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on ICE. Barclays set a $193.00 price objective on shares of Intercontinental Exchange and gave the company an “overweight” rating in a research note on Friday, February 6th. Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the company an “equal weight” rating in a research report on Tuesday, February 10th. UBS Group reaffirmed a “buy” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research report on Monday, February 9th. TD Cowen reiterated a “buy” rating on shares of Intercontinental Exchange in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange has an average rating of “Buy” and a consensus target price of $195.40.

Insider Activity at Intercontinental Exchange

In related news, CTO Mayur Kapani sold 15,213 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $155.02, for a total value of $2,358,319.26. Following the sale, the chief technology officer owned 64,869 shares in the company, valued at $10,055,992.38. This represents a 19.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 11,303 shares of Intercontinental Exchange stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $153.82, for a total value of $1,738,627.46. Following the transaction, the insider directly owned 14,266 shares of the company’s stock, valued at approximately $2,194,396.12. This represents a 44.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 354,492 shares of company stock worth $55,139,102. 1.00% of the stock is currently owned by company insiders.

Intercontinental Exchange Price Performance

Intercontinental Exchange stock opened at $164.05 on Friday. The company has a market cap of $93.17 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 1.71 and a beta of 1.02. Intercontinental Exchange Inc. has a one year low of $143.17 and a one year high of $189.35. The business has a fifty day moving average of $164.47 and a two-hundred day moving average of $163.43. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.02 and a current ratio of 1.02.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The business had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same period in the prior year, the company posted $1.52 EPS. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, analysts predict that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.08 dividend on an annualized basis and a yield of 1.3%. Intercontinental Exchange’s dividend payout ratio (DPR) is 33.28%.

Intercontinental Exchange Company Profile

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.