TD Private Client Wealth LLC Boosts Position in Intercontinental Exchange, Inc. (NYSE:ICE)

TD Private Client Wealth LLC grew its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,334 shares of the financial services provider’s stock after buying an additional 452 shares during the period. TD Private Client Wealth LLC’s holdings in Intercontinental Exchange were worth $2,732,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new stake in shares of Intercontinental Exchange during the third quarter valued at approximately $227,000. Commerce Bank boosted its position in shares of Intercontinental Exchange by 1.3% during the third quarter. Commerce Bank now owns 23,970 shares of the financial services provider’s stock valued at $3,851,000 after purchasing an additional 300 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of Intercontinental Exchange by 6.1% during the third quarter. First Horizon Advisors Inc. now owns 4,406 shares of the financial services provider’s stock valued at $708,000 after purchasing an additional 254 shares in the last quarter. Citizens Financial Group Inc. RI boosted its position in shares of Intercontinental Exchange by 53.0% during the third quarter. Citizens Financial Group Inc. RI now owns 11,491 shares of the financial services provider’s stock valued at $1,846,000 after purchasing an additional 3,982 shares in the last quarter. Finally, King Luther Capital Management Corp boosted its position in shares of Intercontinental Exchange by 135.2% during the third quarter. King Luther Capital Management Corp now owns 122,538 shares of the financial services provider’s stock valued at $19,685,000 after purchasing an additional 70,436 shares in the last quarter. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the company’s stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $165.71, for a total value of $965,757.88. Following the completion of the sale, the president now owns 164,041 shares in the company, valued at $27,183,234.11. This represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company’s 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 completion of the sale, the insider now owns 17,972 shares of the company’s stock, valued at approximately $3,001,144.28. The trade was a 27.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,563 shares of company stock worth $10,998,990 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ICE. JPMorgan Chase & Co. dropped their price target on Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Keefe, Bruyette & Woods boosted their target price on Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a report on Friday, February 7th. Barclays boosted their target price on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Finally, StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Stock Down 0.7 %

Intercontinental Exchange stock opened at $174.42 on Friday. The stock has a market cap of $100.22 billion, a PE ratio of 36.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. 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 $124.34 and a one year high of $175.99. The stock has a fifty day moving average of $164.29 and a 200 day moving average of $160.09.

Intercontinental Exchange (NYSE:ICE) last posted its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 EPS 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, sell-side analysts predict that Intercontinental Exchange, Inc. will post 6.73 EPS for the current 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. This represents a $1.92 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio (DPR) is presently 40.17%.

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.