Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by FSM Wealth Advisors LLC

FSM Wealth Advisors LLC grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,331 shares of the financial services provider’s stock after purchasing an additional 95 shares during the period. FSM Wealth Advisors LLC’s holdings in Intercontinental Exchange were worth $535,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ICE. New Millennium Group LLC acquired a new position in shares of Intercontinental Exchange in the 2nd quarter worth $25,000. International Assets Investment Management LLC purchased a new position in Intercontinental Exchange in the 2nd quarter worth about $25,000. Fairscale Capital LLC acquired a new stake in Intercontinental Exchange during the 2nd quarter worth about $25,000. Wolff Wiese Magana LLC raised its holdings in Intercontinental Exchange by 1,470.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares during the period. Finally, Northwest Investment Counselors LLC purchased a new stake in Intercontinental Exchange during the third quarter valued at about $26,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

ICE stock opened at $154.49 on Tuesday. The firm has a 50 day moving average of $161.86 and a two-hundred day moving average of $148.61. Intercontinental Exchange, Inc. has a 12 month low of $107.40 and a 12 month high of $167.99. The company has a market capitalization of $88.70 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results on Thursday, October 31st. The financial services provider reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a net margin of 21.31% and a return on equity of 12.75%. The firm had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the business posted $1.46 earnings per share. The business’s quarterly revenue was up 17.3% on a year-over-year basis. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.13 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date is Monday, December 16th. Intercontinental Exchange’s payout ratio is 42.65%.

Insider Buying and Selling

In other news, General Counsel Andrew J. Surdykowski sold 2,048 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the transaction, the general counsel now owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Intercontinental Exchange news, CAO James W. Namkung sold 1,171 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $160.00, for a total value of $187,360.00. Following the sale, the chief accounting officer now owns 16,665 shares of the company’s stock, valued at $2,666,400. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 2,048 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $159.57, for a total value of $326,799.36. Following the completion of the sale, the general counsel now directly owns 44,865 shares of the company’s stock, valued at $7,159,108.05. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,489 shares of company stock worth $1,202,259. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

ICE has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $168.00 price target on shares of Intercontinental Exchange in a report on Tuesday, August 6th. The Goldman Sachs Group increased their target price on Intercontinental Exchange from $171.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Raymond James lowered Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 price target on the stock. in a research report on Monday, October 14th. TD Cowen assumed coverage on Intercontinental Exchange in a research note on Thursday, September 26th. They issued a “buy” rating and a $182.00 price objective for the company. Finally, Morgan Stanley lifted their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $173.93.

Intercontinental Exchange 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.