Stamos Capital Partners L.P. Has $750,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Stamos Capital Partners L.P. grew its stake in Intercontinental Exchange, Inc. (NYSE:ICE) by 222.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,030 shares of the financial services provider’s stock after purchasing an additional 3,470 shares during the quarter. Stamos Capital Partners L.P.’s holdings in Intercontinental Exchange were worth $750,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Altman Advisors Inc. lifted its position in Intercontinental Exchange by 0.6% during the fourth quarter. Altman Advisors Inc. now owns 12,750 shares of the financial services provider’s stock worth $1,900,000 after acquiring an additional 81 shares during the last quarter. Sagespring Wealth Partners LLC bought a new position in shares of Intercontinental Exchange during the fourth quarter worth approximately $1,748,000. Optimize Financial Inc acquired a new stake in Intercontinental Exchange during the 4th quarter worth approximately $310,000. Townsquare Capital LLC boosted its stake in Intercontinental Exchange by 16.7% in the 4th quarter. Townsquare Capital LLC now owns 12,060 shares of the financial services provider’s stock valued at $1,797,000 after purchasing an additional 1,725 shares during the period. Finally, Crux Wealth Advisors acquired a new position in Intercontinental Exchange in the 4th quarter valued at $670,000. Institutional investors and hedge funds own 89.30% of the company’s stock.

Analysts Set New Price Targets

ICE has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. 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 report on Friday, February 7th. Barclays raised 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. Bank of America cut their price target on Intercontinental Exchange from $237.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a research note on Tuesday, January 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.47.

Insiders Place Their Bets

In other Intercontinental Exchange news, CTO Mayur Kapani sold 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total transaction of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at $9,821,819.32. The trade was a 7.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Benjamin Jackson sold 7,900 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the president now owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. This trade represents a 5.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock valued at $10,998,990 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 0.5 %

ICE stock opened at $155.92 on Monday. The stock has a market capitalization of $89.57 billion, a P/E ratio of 32.62, a price-to-earnings-growth ratio of 2.10 and a beta of 1.09. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $167.80 and a 200-day moving average price of $160.54. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $177.45.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. As a group, equities research analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.23%. Intercontinental Exchange’s dividend payout ratio is currently 40.17%.

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.