Teacher Retirement System of Texas Increases Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Teacher Retirement System of Texas raised its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 16.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 327,285 shares of the financial services provider’s stock after buying an additional 45,836 shares during the quarter. Teacher Retirement System of Texas’ holdings in Intercontinental Exchange were worth $48,769,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. First National Bank of Hutchinson raised its stake in Intercontinental Exchange by 2.5% during the fourth quarter. First National Bank of Hutchinson now owns 3,547 shares of the financial services provider’s stock valued at $529,000 after buying an additional 87 shares during the last quarter. Sandy Spring Bank raised its stake in Intercontinental Exchange by 6.3% during the fourth quarter. Sandy Spring Bank now owns 14,901 shares of the financial services provider’s stock valued at $2,220,000 after buying an additional 885 shares during the last quarter. Royal London Asset Management Ltd. raised its stake in shares of Intercontinental Exchange by 1.6% in the fourth quarter. Royal London Asset Management Ltd. now owns 310,802 shares of the financial services provider’s stock worth $46,313,000 after purchasing an additional 5,008 shares during the last quarter. Generali Investments Management Co LLC purchased a new position in shares of Intercontinental Exchange in the fourth quarter worth $799,000. Finally, Investment House LLC raised its stake in shares of Intercontinental Exchange by 0.5% in the fourth quarter. Investment House LLC now owns 174,854 shares of the financial services provider’s stock worth $26,055,000 after purchasing an additional 831 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ICE. UBS Group boosted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays boosted their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Keefe, Bruyette & Woods boosted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Finally, JPMorgan Chase & Co. decreased their price target 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. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $175.61 on Friday. The stock has a 50-day simple moving average of $163.66 and a two-hundred day simple moving average of $160.00. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $175.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $100.90 billion, a PE ratio of 36.74, a P/E/G ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released its quarterly 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 net margin of 23.42% and a return on equity of 12.95%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 1.09%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Insider Buying and Selling at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 5,661 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the transaction, the chief technology officer now owns 66,548 shares of the company’s stock, valued at $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christopher Scott Edmonds sold 601 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 12,922 shares of the company’s stock, valued at approximately $1,908,967.06. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,563 shares of company stock valued at $10,998,990. 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.