Intercontinental Exchange, Inc. (NYSE:ICE) Stock Position Increased by Investment House LLC

Investment House LLC boosted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 174,854 shares of the financial services provider’s stock after purchasing an additional 831 shares during the quarter. Intercontinental Exchange comprises 1.4% of Investment House LLC’s holdings, making the stock its 16th biggest position. Investment House LLC’s holdings in Intercontinental Exchange were worth $26,055,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $25,000. FSA Wealth Management LLC bought a new stake in shares of Intercontinental Exchange during the 3rd quarter worth about $31,000. BankPlus Trust Department bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $40,000. Golden State Wealth Management LLC bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $51,000. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Intercontinental Exchange during the 4th quarter worth about $55,000. 89.30% of the stock is currently owned by institutional investors.

Intercontinental Exchange Stock Performance

Intercontinental Exchange stock opened at $172.64 on Wednesday. The firm’s 50 day simple moving average is $162.53 and its 200-day simple moving average is $159.80. The company has a market cap of $99.19 billion, a P/E ratio of 36.12, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $175.41.

Intercontinental Exchange (NYSE:ICE) last released 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 return on equity of 12.95% and a net margin of 23.42%. As a group, equities research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is presently 40.17%.

Analysts Set New Price Targets

A number of analysts recently commented on ICE shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. 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 report on Friday, February 7th. JPMorgan Chase & Co. dropped their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. 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 report 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, Intercontinental Exchange presently has an average rating of “Moderate Buy” and an average target price of $178.80.

Insider Activity at Intercontinental Exchange

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

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.