Newbridge Financial Services Group Inc. Buys 180 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Newbridge Financial Services Group Inc. lifted its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 90.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 378 shares of the financial services provider’s stock after purchasing an additional 180 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Intercontinental Exchange were worth $56,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Wolff Wiese Magana LLC lifted 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 in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of Intercontinental Exchange during the third quarter worth $26,000. Financial Management Professionals Inc. lifted its stake in shares of Intercontinental Exchange by 106.1% during the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 87 shares during the period. Capital Performance Advisors LLP bought a new position in Intercontinental Exchange in the third quarter valued at about $29,000. Finally, FSA Wealth Management LLC bought a new position in Intercontinental Exchange in the third quarter valued at about $31,000. 89.30% of the stock is owned by institutional investors.

Insider Activity

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.71, for a total transaction of $965,757.88. Following the sale, the president now directly owns 164,041 shares of the company’s stock, valued at $27,183,234.11. The trade was a 3.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the completion of the transaction, the general counsel now owns 44,702 shares of the company’s stock, valued at $6,977,088.16. The trade was a 2.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,358 shares of company stock worth $5,535,650 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE ICE opened at $167.28 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.00 and a current ratio of 0.99. The stock has a market cap of $96.05 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 3.21 and a beta of 1.11. The business has a 50 day simple moving average of $153.35 and a 200 day simple moving average of $157.06. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $169.75.

Intercontinental Exchange (NYSE:ICE) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) 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%. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.63 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is 37.66%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ICE shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Barclays increased their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday. Finally, UBS Group lifted their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Intercontinental Exchange Company 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.