MONECO Advisors LLC Acquires Shares of 1,769 Intercontinental Exchange, Inc. (NYSE:ICE)

MONECO Advisors LLC acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,769 shares of the financial services provider’s stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Inc. increased its holdings in Intercontinental Exchange by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 3,511 shares of the financial services provider’s stock valued at $523,000 after buying an additional 180 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in Intercontinental Exchange by 12.7% in the fourth quarter. Wealthspire Advisors LLC now owns 2,756 shares of the financial services provider’s stock valued at $411,000 after buying an additional 311 shares in the last quarter. Sigma Planning Corp increased its holdings in Intercontinental Exchange by 4.3% in the fourth quarter. Sigma Planning Corp now owns 3,452 shares of the financial services provider’s stock valued at $514,000 after buying an additional 142 shares in the last quarter. Callan Capital LLC increased its holdings in Intercontinental Exchange by 5.2% in the fourth quarter. Callan Capital LLC now owns 1,594 shares of the financial services provider’s stock valued at $238,000 after buying an additional 79 shares in the last quarter. Finally, Redmond Asset Management LLC purchased a new stake in shares of Intercontinental Exchange during the fourth quarter worth about $2,262,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Stock Performance

NYSE:ICE opened at $171.25 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $98.40 billion, a price-to-earnings ratio of 35.83, a PEG ratio of 2.10 and a beta of 1.11. The company’s 50-day moving average is $156.07 and its two-hundred day moving average is $158.46. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $171.61.

Intercontinental Exchange (NYSE:ICE) last posted its 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%. Analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a yield of 1.12%. Intercontinental Exchange’s payout ratio is 40.17%.

Insider Buying and Selling at Intercontinental Exchange

In other news, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total value of $114,742.50. Following the transaction, the chief operating officer now directly owns 12,780 shares in the company, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the completion of the transaction, the insider now owns 17,972 shares in the company, valued at approximately $3,001,144.28. This represents a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,368 shares of company stock worth $9,908,492 in the last ninety days. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ICE shares. Keefe, Bruyette & Woods boosted their target price on shares of 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 reissued an “outperform” rating and set a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, UBS Group boosted their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

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.