2,450 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Acquired by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,450 shares of the financial services provider’s stock, valued at approximately $365,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Strategic Advisors LLC increased its position in shares of Intercontinental Exchange by 5.1% in the 4th quarter. Strategic Advisors LLC now owns 1,349 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 66 shares during the period. Commons Capital LLC raised its stake in shares of Intercontinental Exchange by 1.2% in the fourth quarter. Commons Capital LLC now owns 5,949 shares of the financial services provider’s stock worth $886,000 after purchasing an additional 69 shares during the last quarter. Brooklyn Investment Group raised its stake in shares of Intercontinental Exchange by 2.2% in the fourth quarter. Brooklyn Investment Group now owns 3,190 shares of the financial services provider’s stock worth $475,000 after purchasing an additional 70 shares during the last quarter. Clear Harbor Asset Management LLC lifted its holdings in shares of Intercontinental Exchange by 3.7% during the fourth quarter. Clear Harbor Asset Management LLC now owns 1,970 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 70 shares during the period. Finally, Johnson Investment Counsel Inc. boosted its position in Intercontinental Exchange by 2.3% in the fourth quarter. Johnson Investment Counsel Inc. now owns 3,121 shares of the financial services provider’s stock valued at $465,000 after buying an additional 71 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction 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 owns 12,922 shares in the company, valued at $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Mayur Kapani sold 5,661 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock worth $10,998,990 in the last three months. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange Price Performance

Shares of NYSE ICE opened at $170.43 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a fifty day moving average of $168.31 and a 200 day moving average of $160.78. The firm has a market cap of $97.92 billion, a PE ratio of 35.65, a PEG ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $177.45.

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 net margin of 23.42% and a return on equity of 12.95%. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.13%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ICE shares. Keefe, Bruyette & Woods raised their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. UBS Group increased their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Bank of America lowered their target price on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average price target of $182.47.

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.