Dixon Mitchell Investment Counsel Inc. Purchases 61,110 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Dixon Mitchell Investment Counsel Inc. increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 728,133 shares of the financial services provider’s stock after acquiring an additional 61,110 shares during the period. Intercontinental Exchange makes up about 5.0% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 3rd largest position. Dixon Mitchell Investment Counsel Inc.’s holdings in Intercontinental Exchange were worth $108,515,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its stake in shares of Intercontinental Exchange by 1,470.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 157 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 147 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in Intercontinental Exchange during the third quarter worth approximately $26,000. Financial Management Professionals Inc. grew its position in Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider’s stock worth $27,000 after buying an additional 87 shares during the last quarter. Fairscale Capital LLC bought a new position in shares of Intercontinental Exchange in the second quarter valued at $25,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at $29,000. 89.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ICE shares. Morgan Stanley lifted their target price on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a report on Thursday, October 17th. Barclays cut their price objective on Intercontinental Exchange from $187.00 to $179.00 and set an “overweight” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods decreased their price objective on shares of Intercontinental Exchange from $183.00 to $178.00 and set an “outperform” rating for the company in a research note on Monday. Finally, The Goldman Sachs Group lifted their price objective on shares of Intercontinental Exchange from $171.00 to $185.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $175.20.

Insider Activity at Intercontinental Exchange

In related news, COO Stuart Glen Williams sold 750 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the sale, the chief operating officer now owns 12,780 shares of the company’s stock, valued at $1,955,212.20. The trade was a 5.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares in the company, valued at $24,986,080. This trade represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,533 shares of company stock valued at $1,196,279 over the last quarter. 1.10% of the stock is owned by company insiders.

Intercontinental Exchange Stock Performance

NYSE ICE opened at $149.00 on Thursday. The company’s fifty day moving average is $153.62 and its two-hundred day moving average is $155.53. Intercontinental Exchange, Inc. has a 52-week low of $124.34 and a 52-week high of $167.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $85.55 billion, a price-to-earnings ratio of 35.31, a P/E/G ratio of 2.29 and a beta of 1.10.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. Intercontinental Exchange had a return on equity of 12.75% and a net margin of 21.31%. The company had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the firm earned $1.46 EPS. Intercontinental Exchange’s revenue for the quarter was up 17.3% compared to the same quarter last year. Equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.06 EPS for the current year.

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.