Focus Partners Wealth Raises Holdings in Intercontinental Exchange, Inc. (NYSE:ICE)

Focus Partners Wealth increased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 351,995 shares of the financial services provider’s stock after buying an additional 26,133 shares during the period. Focus Partners Wealth owned 0.06% of Intercontinental Exchange worth $52,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ICE. Vanguard Group Inc. boosted its position in shares of Intercontinental Exchange by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 52,228,177 shares of the financial services provider’s stock valued at $7,782,521,000 after acquiring an additional 538,670 shares during the last quarter. Geode Capital Management LLC raised its stake in Intercontinental Exchange by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 11,883,252 shares of the financial services provider’s stock valued at $1,765,317,000 after purchasing an additional 327,637 shares in the last quarter. Norges Bank bought a new position in Intercontinental Exchange during the fourth quarter valued at $1,196,258,000. Northern Trust Corp grew its stake in shares of Intercontinental Exchange by 9.7% in the 4th quarter. Northern Trust Corp now owns 7,422,007 shares of the financial services provider’s stock worth $1,105,953,000 after buying an additional 655,247 shares in the last quarter. Finally, Independent Franchise Partners LLP grew its stake in shares of Intercontinental Exchange by 20.8% in the 4th quarter. Independent Franchise Partners LLP now owns 6,160,836 shares of the financial services provider’s stock worth $918,026,000 after buying an additional 1,062,904 shares in the last quarter. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Performance

Shares of NYSE:ICE opened at $178.73 on Friday. The firm’s 50 day simple moving average is $166.93 and its 200-day simple moving average is $160.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a one year low of $131.79 and a one year high of $179.44. The firm has a market cap of $102.52 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 2.10 and a beta of 1.12.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, May 1st. The financial services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Intercontinental Exchange had a return on equity of 12.95% and a net margin of 23.42%. The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the company posted $1.48 EPS. Intercontinental Exchange’s revenue was up 8.0% on a year-over-year basis. As a group, equities analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.07%. Intercontinental Exchange’s payout ratio is 39.75%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on ICE shares. JPMorgan Chase & Co. lowered their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Bank of America cut their target price on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods raised their price target on Intercontinental Exchange from $183.00 to $189.00 and gave the stock an “outperform” rating in a research report on Friday, May 2nd. Finally, UBS Group boosted their price objective on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Intercontinental Exchange currently has an average rating of “Moderate Buy” and a consensus price target of $185.93.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of Intercontinental Exchange stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the transaction, the insider now owns 17,972 shares in the company, valued at $3,001,144.28. The trade was a 27.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,354,297.00. Following the sale, the president now directly owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. The trade was a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,368 shares of company stock valued at $7,077,789. Company insiders own 1.00% of the company’s stock.

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.