Intercontinental Exchange, Inc. (NYSE:ICE) Position Increased by Aspen Investment Management Inc

Aspen Investment Management Inc raised its position in Intercontinental Exchange, Inc. (NYSE:ICEFree Report) by 8.5% during the third quarter, HoldingsChannel.com reports. The firm owned 12,253 shares of the financial services provider’s stock after buying an additional 961 shares during the quarter. Aspen Investment Management Inc’s holdings in Intercontinental Exchange were worth $1,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Jefferies Financial Group Inc. boosted its holdings in Intercontinental Exchange by 3.8% in the second quarter. Jefferies Financial Group Inc. now owns 2,432 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 88 shares in the last quarter. Proffitt & Goodson Inc. increased its holdings in shares of Intercontinental Exchange by 1.1% during the 2nd quarter. Proffitt & Goodson Inc. now owns 8,165 shares of the financial services provider’s stock valued at $923,000 after acquiring an additional 90 shares during the last quarter. Vestcor Inc raised its stake in shares of Intercontinental Exchange by 0.5% in the 4th quarter. Vestcor Inc now owns 17,924 shares of the financial services provider’s stock valued at $1,839,000 after acquiring an additional 94 shares in the last quarter. Capital Impact Advisors LLC raised its stake in shares of Intercontinental Exchange by 7.0% in the 4th quarter. Capital Impact Advisors LLC now owns 1,509 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 99 shares in the last quarter. Finally, Mad River Investors lifted its holdings in Intercontinental Exchange by 1.0% in the 2nd quarter. Mad River Investors now owns 10,430 shares of the financial services provider’s stock worth $1,197,000 after purchasing an additional 100 shares during the last quarter. 87.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ICE shares. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. The Goldman Sachs Group started coverage on Intercontinental Exchange in a report on Friday, September 22nd. They issued a “neutral” rating and a $125.00 target price for the company. Bank of America reduced their target price on Intercontinental Exchange from $141.00 to $140.00 in a report on Tuesday, October 3rd. Raymond James boosted their target price on Intercontinental Exchange from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Friday, January 5th. Finally, Barclays upgraded Intercontinental Exchange from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $148.00 in a report on Monday, January 8th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average target price of $137.33.

Check Out Our Latest Report on Intercontinental Exchange

Intercontinental Exchange Trading Up 0.1 %

Shares of ICE opened at $125.97 on Thursday. Intercontinental Exchange, Inc. has a 12-month low of $94.16 and a 12-month high of $129.16. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $70.42 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 2.56 and a beta of 0.99. The stock’s 50-day moving average price is $119.62 and its 200 day moving average price is $115.22.

Intercontinental Exchange (NYSE:ICEGet Free Report) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.06. Intercontinental Exchange had a return on equity of 13.06% and a net margin of 25.17%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 5.6 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Thursday, December 14th were paid a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $1.68 annualized dividend and a dividend yield of 1.33%. Intercontinental Exchange’s dividend payout ratio is currently 38.98%.

Insider Activity

In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $125.90, for a total value of $7,351,049.20. Following the sale, the chief executive officer now directly owns 1,152,375 shares in the company, valued at approximately $145,084,012.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Jeffrey C. Sprecher sold 58,388 shares of the company’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $125.90, for a total value of $7,351,049.20. Following the sale, the chief executive officer now directly owns 1,152,375 shares in the company, valued at approximately $145,084,012.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Warren Gardiner sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $112.34, for a total value of $56,170.00. Following the completion of the sale, the chief financial officer now owns 15,025 shares in the company, valued at $1,687,908.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,419 shares of company stock worth $10,110,657. Company insiders own 1.10% of the company’s stock.

About Intercontinental Exchange

(Free Report)

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.

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Want to see what other hedge funds are holding ICE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intercontinental Exchange, Inc. (NYSE:ICEFree Report).

Institutional Ownership by Quarter for Intercontinental Exchange (NYSE:ICE)

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