Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC grew its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 73,970 shares of the financial services provider’s stock after acquiring an additional 4,787 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Intercontinental Exchange were worth $11,022,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ICE. AMF Tjanstepension AB raised its holdings in Intercontinental Exchange by 14.5% during the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock worth $20,441,000 after purchasing an additional 16,130 shares in the last quarter. Dynamic Advisor Solutions LLC increased its holdings in Intercontinental Exchange by 4.0% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,704 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 179 shares in the last quarter. Brookstone Capital Management acquired a new position in Intercontinental Exchange during the third quarter worth about $212,000. UMB Bank n.a. lifted its holdings in shares of Intercontinental Exchange by 5.7% in the third quarter. UMB Bank n.a. now owns 11,018 shares of the financial services provider’s stock valued at $1,770,000 after purchasing an additional 597 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Intercontinental Exchange by 297.2% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 4,198 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 3,141 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Intercontinental Exchange Stock Down 0.4 %

ICE opened at $166.95 on Friday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $169.75. The firm has a 50 day moving average price of $153.35 and a 200 day moving average price of $156.93. 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 company has a market cap of $95.86 billion, a PE ratio of 34.93, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last released 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%. Sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.63 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

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

Analysts Set New Price Targets

ICE has been the topic of a number of recent research reports. StockNews.com lowered Intercontinental Exchange from a “hold” rating to a “sell” rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price objective on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Morgan Stanley lifted their price objective on Intercontinental Exchange from $160.00 to $174.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 17th. Raymond James lowered shares of Intercontinental Exchange from a “strong-buy” rating to an “outperform” rating and set a $185.00 target price on the stock. in a report on Monday, October 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Transactions at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the transaction, the president now directly owns 156,163 shares of the company’s stock, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christopher Scott Edmonds sold 601 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total transaction of $88,785.73. Following the completion of the sale, the insider now directly owns 12,922 shares of the company’s stock, 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. Insiders sold 13,795 shares of company stock valued at $2,120,572 over the last quarter. 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.