Timber Creek Capital Management LLC Acquires 6,974 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Timber Creek Capital Management LLC increased its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 18.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 44,165 shares of the financial services provider’s stock after purchasing an additional 6,974 shares during the period. Intercontinental Exchange accounts for 1.9% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 15th largest holding. Timber Creek Capital Management LLC’s holdings in Intercontinental Exchange were worth $6,581,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. AMF Tjanstepension AB grew its position in shares of Intercontinental Exchange by 14.5% in the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after purchasing an additional 16,130 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in Intercontinental Exchange by 836.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider’s stock valued at $66,000 after buying an additional 368 shares in the last quarter. Creative Planning lifted its holdings in shares of Intercontinental Exchange by 92.8% in the third quarter. Creative Planning now owns 104,616 shares of the financial services provider’s stock worth $16,805,000 after buying an additional 50,354 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of Intercontinental Exchange by 4.3% in the third quarter. Stratos Wealth Advisors LLC now owns 3,536 shares of the financial services provider’s stock valued at $568,000 after acquiring an additional 145 shares during the period. Finally, Capital Investment Advisors LLC purchased a new position in Intercontinental Exchange during the third quarter valued at approximately $224,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intercontinental Exchange

In related news, COO Stuart Glen Williams sold 750 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the transaction, the chief operating officer now owns 12,780 shares of the company’s stock, valued at approximately $1,955,212.20. This represents a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of Intercontinental Exchange stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the transaction, the president now owns 164,041 shares of the company’s stock, valued at $27,183,234.11. The trade was a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,358 shares of company stock valued at $5,535,650 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Intercontinental Exchange Trading Down 0.3 %

NYSE:ICE opened at $166.29 on Wednesday. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $169.78. The firm has a 50 day moving average of $154.79 and a 200 day moving average of $157.87. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $95.54 billion, a price-to-earnings ratio of 34.79, a PEG ratio of 2.11 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. As a group, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.71 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.15%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 37.66%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ICE. Deutsche Bank Aktiengesellschaft increased their target price on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. UBS Group upped their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Barclays lifted their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Intercontinental Exchange currently has an average rating of “Moderate Buy” and an average price target of $178.80.

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.