Kirtland Hills Capital Management LLC Boosts Stock Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Kirtland Hills Capital Management LLC lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,253 shares of the financial services provider’s stock after buying an additional 141 shares during the quarter. Intercontinental Exchange makes up 1.4% of Kirtland Hills Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Kirtland Hills Capital Management LLC’s holdings in Intercontinental Exchange were worth $2,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ICE. AMF Tjanstepension AB increased its stake in Intercontinental Exchange by 14.5% during the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock worth $20,441,000 after buying an additional 16,130 shares during the period. International Assets Investment Management LLC increased its position in shares of Intercontinental Exchange by 21,404.8% during the third quarter. International Assets Investment Management LLC now owns 39,999 shares of the financial services provider’s stock worth $6,425,000 after acquiring an additional 39,813 shares during the period. Allworth Financial LP increased its position in shares of Intercontinental Exchange by 2.2% during the third quarter. Allworth Financial LP now owns 4,556 shares of the financial services provider’s stock worth $732,000 after acquiring an additional 96 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Intercontinental Exchange by 22.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,827 shares of the financial services provider’s stock worth $6,000,000 after acquiring an additional 7,049 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Intercontinental Exchange by 49.4% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 34,785 shares of the financial services provider’s stock worth $5,588,000 after acquiring an additional 11,498 shares during the period. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 1.7 %

Shares of ICE stock opened at $171.25 on Wednesday. The business’s 50 day moving average is $156.07 and its two-hundred day moving average is $158.46. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $171.61. The company has a market capitalization of $98.40 billion, a P/E ratio of 35.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ICE shares. Barclays upped their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. JPMorgan Chase & Co. cut their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft increased their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, UBS Group increased their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company 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 given a buy rating to the stock. According to data from MarketBeat, Intercontinental Exchange has an average rating of “Moderate Buy” and an average price target of $178.80.

Insider Buying and Selling at Intercontinental Exchange

In related news, SVP Douglas Foley sold 10,580 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the sale, the senior vice president now owns 21,992 shares of the company’s stock, valued at approximately $3,661,008.24. The trade was a 32.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Scott Edmonds sold 601 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now directly owns 12,922 shares in the company, valued at $1,908,967.06. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,368 shares of company stock valued at $9,908,492. 1.10% of the stock is owned by corporate insiders.

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.