Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Stegent Equity Advisors Inc.

Stegent Equity Advisors Inc. raised its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 24.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,247 shares of the financial services provider’s stock after purchasing an additional 448 shares during the period. Stegent Equity Advisors Inc.’s holdings in Intercontinental Exchange were worth $335,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at $25,000. Capital Performance Advisors LLP acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $29,000. FSA Wealth Management LLC acquired a new position in shares of Intercontinental Exchange in the 3rd quarter valued at $31,000. BankPlus Trust Department acquired a new position in shares of Intercontinental Exchange in the 4th quarter valued at $40,000. Finally, Planning Capital Management Corp increased its position in shares of Intercontinental Exchange by 96.7% in the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 147 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ICE has been the topic of several research reports. Barclays upped their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. UBS Group upped their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, February 7th. JPMorgan Chase & Co. lowered their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Trading Down 0.3 %

ICE stock opened at $170.74 on Thursday. The company’s 50-day simple moving average is $156.50 and its 200-day simple moving average is $158.54. 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, Inc. has a 52-week low of $124.34 and a 52-week high of $172.63. The firm has a market cap of $98.10 billion, a P/E ratio of 35.72, a PEG ratio of 2.10 and a beta of 1.11.

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%. As a group, equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

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 paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Insider Activity at Intercontinental Exchange

In related news, General Counsel Andrew J. Surdykowski sold 955 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $156.08, for a total value of $149,056.40. Following the transaction, the general counsel now directly owns 44,702 shares of the company’s stock, valued at approximately $6,977,088.16. This trade represents a 2.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Douglas Foley sold 10,580 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $166.47, for a total transaction of $1,761,252.60. Following the completion of the transaction, the senior vice president now directly owns 21,992 shares in the company, valued at $3,661,008.24. This represents a 32.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,368 shares of company stock valued at $9,908,492. 1.10% of the stock is owned by corporate insiders.

Intercontinental Exchange 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.