5,038 Shares in Intercontinental Exchange Inc. $ICE Bought by Net Worth Advisory Group

Net Worth Advisory Group bought a new position in Intercontinental Exchange Inc. (NYSE:ICEFree Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,038 shares of the financial services provider’s stock, valued at approximately $816,000.

Several other institutional investors also recently modified their holdings of ICE. Dynasty Wealth Management LLC bought a new stake in shares of Intercontinental Exchange in the 3rd quarter worth approximately $897,000. Rockland Trust Co. increased its position in Intercontinental Exchange by 19.7% during the 3rd quarter. Rockland Trust Co. now owns 127,652 shares of the financial services provider’s stock valued at $21,507,000 after buying an additional 20,981 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in Intercontinental Exchange by 37.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 11,920 shares of the financial services provider’s stock valued at $2,008,000 after buying an additional 3,261 shares in the last quarter. Eastern Bank raised its stake in Intercontinental Exchange by 14.6% during the third quarter. Eastern Bank now owns 203,731 shares of the financial services provider’s stock valued at $34,325,000 after buying an additional 25,980 shares during the last quarter. Finally, M&G PLC raised its stake in Intercontinental Exchange by 18.4% during the third quarter. M&G PLC now owns 107,070 shares of the financial services provider’s stock valued at $17,988,000 after buying an additional 16,635 shares during the last quarter. 89.30% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ICE shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $180.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Morgan Stanley set a $183.00 price target on Intercontinental Exchange and gave the stock an “equal weight” rating in a research report on Tuesday, February 10th. Raymond James Financial reiterated a “strong-buy” rating and issued a $211.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Intercontinental Exchange in a research report on Monday, December 29th. Finally, Barclays set a $193.00 price objective on shares of Intercontinental Exchange and gave the company an “overweight” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $194.73.

Read Our Latest Stock Report on Intercontinental Exchange

Insider Activity

In related news, insider Christopher Scott Edmonds sold 11,303 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $153.82, for a total transaction of $1,738,627.46. Following the transaction, the insider owned 14,266 shares in the company, valued at $2,194,396.12. This represents a 44.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Warren Gardiner sold 2,490 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $154.00, for a total transaction of $383,460.00. Following the completion of the sale, the chief financial officer owned 27,679 shares in the company, valued at $4,262,566. This represents a 8.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 348,418 shares of company stock worth $54,196,631. 1.00% of the stock is owned by corporate insiders.

Intercontinental Exchange Stock Down 2.1%

Intercontinental Exchange stock opened at $152.68 on Friday. The firm has a market cap of $86.71 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 1.65 and a beta of 1.03. The stock has a fifty day simple moving average of $162.52 and a two-hundred day simple moving average of $160.96. Intercontinental Exchange Inc. has a 12 month low of $143.17 and a 12 month high of $189.35. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.64.

Intercontinental Exchange (NYSE:ICEGet Free Report) last announced its quarterly earnings results on Thursday, February 5th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.04. Intercontinental Exchange had a return on equity of 13.99% and a net margin of 26.23%.The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period in the prior year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts predict that Intercontinental Exchange Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.52 per share. The ex-dividend date is Wednesday, December 16th. This represents a $2.08 annualized dividend and a yield of 1.4%. Intercontinental Exchange’s dividend payout ratio is currently 36.05%.

Key Stories Impacting Intercontinental Exchange

Here are the key news stories impacting Intercontinental Exchange this week:

About Intercontinental Exchange

(Free Report)

Intercontinental Exchange (NYSE: ICE) is a global operator of exchanges, clearing houses and data services that provides infrastructure for the trading, clearing, settlement and information needs of financial and commodity markets. Founded in 2000 by Jeffrey C. Sprecher as an electronic energy trading platform, the company has grown through organic expansion and acquisitions to operate a broad portfolio of assets spanning listed equities, futures and options, fixed income, and over-the-counter derivatives.

Further Reading

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

Receive News & Ratings for Intercontinental Exchange Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intercontinental Exchange and related companies with MarketBeat.com's FREE daily email newsletter.