17,018 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Allstate Corp

Allstate Corp purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 17,018 shares of the financial services provider’s stock, valued at approximately $2,536,000.

Other large investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Intercontinental Exchange during the 3rd quarter worth $530,000. Townsquare Capital LLC boosted its holdings in Intercontinental Exchange by 43.8% in the third quarter. Townsquare Capital LLC now owns 10,335 shares of the financial services provider’s stock worth $1,660,000 after acquiring an additional 3,147 shares in the last quarter. Financial Counselors Inc. grew its stake in shares of Intercontinental Exchange by 188.0% during the third quarter. Financial Counselors Inc. now owns 10,847 shares of the financial services provider’s stock worth $1,742,000 after acquiring an additional 7,081 shares during the last quarter. Northwest & Ethical Investments L.P. increased its holdings in shares of Intercontinental Exchange by 6.0% during the third quarter. Northwest & Ethical Investments L.P. now owns 3,557 shares of the financial services provider’s stock valued at $572,000 after acquiring an additional 200 shares in the last quarter. Finally, Fred Alger Management LLC purchased a new position in shares of Intercontinental Exchange in the 3rd quarter valued at approximately $372,000. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Down 1.0 %

ICE stock opened at $174.65 on Friday. The firm’s fifty day moving average is $167.12 and its 200 day moving average is $160.56. The firm has a market cap of $100.35 billion, a PE ratio of 36.54, a P/E/G ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings results 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 net margin of 23.42% and a return on equity of 12.95%. On average, research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.10%. Intercontinental Exchange’s dividend payout ratio (DPR) is 40.17%.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. The trade was a 5.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,563 shares of company stock valued at $10,998,990. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on ICE. JPMorgan Chase & Co. cut their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Barclays upped their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. UBS Group lifted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods raised their price objective on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.