Mosaic Family Wealth Partners LLC Invests $259,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

Mosaic Family Wealth Partners LLC purchased a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,883 shares of the financial services provider’s stock, valued at approximately $259,000.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Intercontinental Exchange during the 4th quarter worth $839,259,000. Wellington Management Group LLP lifted its stake in shares of Intercontinental Exchange by 35.0% during the 4th quarter. Wellington Management Group LLP now owns 16,397,991 shares of the financial services provider’s stock worth $2,105,994,000 after purchasing an additional 4,251,371 shares during the period. Vanguard Group Inc. lifted its stake in shares of Intercontinental Exchange by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 50,776,525 shares of the financial services provider’s stock worth $6,978,218,000 after purchasing an additional 3,536,913 shares during the period. Capital World Investors lifted its stake in shares of Intercontinental Exchange by 35.6% during the 4th quarter. Capital World Investors now owns 9,643,762 shares of the financial services provider’s stock worth $1,238,559,000 after purchasing an additional 2,530,119 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Intercontinental Exchange by 303.1% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,381,314 shares of the financial services provider’s stock worth $305,832,000 after purchasing an additional 1,790,493 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating on the stock in a research report on Friday, May 3rd. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research report on Thursday, July 25th. Argus reissued a “buy” rating and issued a $153.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, May 21st. Rosenblatt Securities reissued a “buy” rating and issued a $164.00 price objective on shares of Intercontinental Exchange in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. raised their target price on Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange currently has a consensus rating of “Moderate Buy” and an average target price of $153.86.

Intercontinental Exchange Stock Down 0.8 %

NYSE:ICE traded down $1.15 during mid-day trading on Friday, reaching $149.85. The stock had a trading volume of 4,482,290 shares, compared to its average volume of 2,931,175. The company has a market capitalization of $85.95 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 2.68 and a beta of 1.06. Intercontinental Exchange, Inc. has a 1-year low of $104.49 and a 1-year high of $153.28. The stock’s 50 day simple moving average is $141.10 and its two-hundred day simple moving average is $136.46. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.99 and a quick ratio of 1.01.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.03. Intercontinental Exchange had a return on equity of 12.70% and a net margin of 21.43%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the firm earned $1.43 earnings per share. The company’s revenue for the quarter was up 22.7% compared to the same quarter last year. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 6 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 1.20%. Intercontinental Exchange’s payout ratio is currently 41.28%.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, Director Judith A. Sprieser sold 2,267 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $134.57, for a total value of $305,070.19. Following the completion of the transaction, the director now directly owns 28,849 shares in the company, valued at $3,882,209.93. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO James W. Namkung sold 1,043 shares of Intercontinental Exchange stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $150.00, for a total transaction of $156,450.00. Following the sale, the chief accounting officer now owns 17,836 shares of the company’s stock, valued at $2,675,400. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Judith A. Sprieser sold 2,267 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $134.57, for a total value of $305,070.19. Following the sale, the director now directly owns 28,849 shares in the company, valued at approximately $3,882,209.93. The disclosure for this sale can be found here. Insiders sold a total of 64,992 shares of company stock worth $9,197,801 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.