Aviso Financial Inc. Buys 1,808 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

Aviso Financial Inc. raised its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 47,491 shares of the financial services provider’s stock after acquiring an additional 1,808 shares during the period. Aviso Financial Inc.’s holdings in Intercontinental Exchange were worth $7,077,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Intercontinental Exchange in the fourth quarter valued at approximately $25,000. FSA Wealth Management LLC bought a new stake in shares of Intercontinental Exchange in the third quarter worth $31,000. BankPlus Trust Department bought a new stake in shares of Intercontinental Exchange in the fourth quarter worth $40,000. Planning Capital Management Corp lifted its position in shares of Intercontinental Exchange by 96.7% in the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 147 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in shares of Intercontinental Exchange in the fourth quarter worth $51,000. Institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Price Performance

NYSE:ICE opened at $169.06 on Friday. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $175.41. The company has a market cap of $97.13 billion, a P/E ratio of 35.37, a P/E/G ratio of 2.10 and a beta of 1.08. The firm’s fifty day moving average price is $161.04 and its two-hundred day moving average price is $159.57. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99.

Intercontinental Exchange (NYSE:ICE) last released its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, December 16th. This represents a $1.92 annualized dividend and a dividend yield of 1.14%. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

Insider Activity at Intercontinental Exchange

In related news, President Benjamin Jackson sold 7,900 shares of the company’s 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 transaction, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. This represents a 5.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Stuart Glen Williams sold 750 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares in the company, valued at $1,955,212.20. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,313 shares of company stock worth $11,113,733. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ICE. Keefe, Bruyette & Woods boosted their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. UBS Group boosted their price objective 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 reissued an “outperform” rating and issued a $200.00 price objective on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barclays boosted their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.80.

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.