Chilton Investment Co. Inc. Has $2.52 Million Position in Intercontinental Exchange Inc. $ICE

Chilton Investment Co. Inc. increased its position in shares of Intercontinental Exchange Inc. (NYSE:ICE) by 593.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,953 shares of the financial services provider’s stock after buying an additional 12,796 shares during the quarter. Chilton Investment Co. Inc.’s holdings in Intercontinental Exchange were worth $2,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Intercontinental Exchange during the 2nd quarter worth approximately $1,542,780,000. Wellington Management Group LLP raised its holdings in shares of Intercontinental Exchange by 64.7% in the third quarter. Wellington Management Group LLP now owns 10,354,224 shares of the financial services provider’s stock valued at $1,744,480,000 after purchasing an additional 4,067,922 shares during the last quarter. Sands Capital Management LLC raised its holdings in shares of Intercontinental Exchange by 97.3% in the second quarter. Sands Capital Management LLC now owns 5,313,039 shares of the financial services provider’s stock valued at $974,783,000 after purchasing an additional 2,620,310 shares during the last quarter. Mawer Investment Management Ltd. lifted its position in shares of Intercontinental Exchange by 179.1% in the third quarter. Mawer Investment Management Ltd. now owns 2,472,366 shares of the financial services provider’s stock worth $416,544,000 after purchasing an additional 1,586,620 shares in the last quarter. Finally, Waverton Investment Management Ltd boosted its holdings in Intercontinental Exchange by 28,886.8% during the third quarter. Waverton Investment Management Ltd now owns 1,526,734 shares of the financial services provider’s stock worth $257,163,000 after purchasing an additional 1,521,467 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 15,213 shares of the firm’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 completion of the sale, the chief technology officer directly owned 64,869 shares of the company’s stock, valued at $10,055,992.38. This trade represents a 19.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey C. Sprecher sold 150,000 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $155.00, for a total value of $23,250,000.00. Following the transaction, the chief executive officer owned 1,651,705 shares of the company’s stock, valued at $256,014,275. This represents a 8.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 348,418 shares of company stock valued at $54,196,631 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ICE. TD Cowen reaffirmed a “buy” rating on shares of Intercontinental Exchange in a research report on Friday, February 6th. Royal Bank Of Canada restated an “outperform” rating and set a $180.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft upgraded Intercontinental Exchange from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a report on Friday, March 6th. Wall Street Zen raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Morgan Stanley set a $183.00 target price on Intercontinental Exchange and gave the stock an “equal weight” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $194.73.

Intercontinental Exchange Price Performance

Shares of ICE opened at $159.12 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $164.52 and its 200 day simple moving average is $162.21. Intercontinental Exchange Inc. has a 1-year low of $143.17 and a 1-year high of $189.35. The company has a market cap of $90.36 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.72 and a beta of 1.03.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Intercontinental Exchange had a net margin of 26.23% and a return on equity of 13.99%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.52 earnings per share. On average, research analysts forecast that Intercontinental Exchange Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Wednesday, December 16th will be issued a dividend of $0.52 per share. The ex-dividend date 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 presently 36.05%.

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.