AssuredPartners Investment Advisors LLC Acquires New Shares in Intercontinental Exchange, Inc. (NYSE:ICE)

AssuredPartners Investment Advisors LLC bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,405 shares of the financial services provider’s stock, valued at approximately $656,000.

A number of other hedge funds have also added to or reduced their stakes in ICE. NEOS Investment Management LLC lifted its stake in Intercontinental Exchange by 37.7% in the 4th quarter. NEOS Investment Management LLC now owns 39,348 shares of the financial services provider’s stock worth $5,863,000 after purchasing an additional 10,767 shares in the last quarter. UniSuper Management Pty Ltd raised its holdings in shares of Intercontinental Exchange by 3.5% in the 4th quarter. UniSuper Management Pty Ltd now owns 251,220 shares of the financial services provider’s stock valued at $37,434,000 after acquiring an additional 8,567 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $833,000. Artisan Partners Limited Partnership purchased a new position in shares of Intercontinental Exchange during the fourth quarter worth about $3,459,000. Finally, Korea Investment CORP increased its position in shares of Intercontinental Exchange by 10.9% in the fourth quarter. Korea Investment CORP now owns 414,115 shares of the financial services provider’s stock worth $61,707,000 after purchasing an additional 40,838 shares during the last quarter. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. UBS Group lifted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Barclays increased their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. 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.com, Intercontinental Exchange presently has an average rating of “Moderate Buy” and a consensus target price of $178.80.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $171.43, for a total value of $1,354,297.00. Following the completion of the transaction, the president now directly owns 147,274 shares in the company, valued at $25,247,181.82. This trade represents a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the completion of the sale, the chief technology officer now directly owns 66,548 shares in the company, 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. In the last ninety days, insiders have sold 66,563 shares of company stock valued at $10,998,990. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Trading Up 0.5 %

Shares of ICE opened at $176.56 on Friday. The firm has a fifty day simple moving average of $166.61 and a two-hundred day simple moving average of $160.48. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $177.45. The stock has a market capitalization of $101.44 billion, a P/E ratio of 36.94, a PEG ratio of 2.10 and a beta of 1.08. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE) last posted its earnings results 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%. On average, research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is currently 40.17%.

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.