Intercontinental Exchange, Inc. (NYSE:ICE) Shares Bought by MGB Wealth Management LLC

MGB Wealth Management LLC lifted its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,238 shares of the financial services provider’s stock after buying an additional 96 shares during the period. MGB Wealth Management LLC’s holdings in Intercontinental Exchange were worth $930,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB boosted its position in shares of Intercontinental Exchange by 14.5% during the 3rd quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider’s stock valued at $20,441,000 after purchasing an additional 16,130 shares in the last quarter. Brookstone Capital Management bought a new stake in Intercontinental Exchange during the third quarter worth approximately $212,000. Exchange Traded Concepts LLC boosted its holdings in Intercontinental Exchange by 836.4% during the third quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider’s stock worth $66,000 after buying an additional 368 shares in the last quarter. ORG Partners LLC grew its position in Intercontinental Exchange by 33.9% in the third quarter. ORG Partners LLC now owns 798 shares of the financial services provider’s stock worth $128,000 after buying an additional 202 shares during the last quarter. Finally, Creative Planning increased its holdings in shares of Intercontinental Exchange by 92.8% in the third quarter. Creative Planning now owns 104,616 shares of the financial services provider’s stock valued at $16,805,000 after buying an additional 50,354 shares in the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Intercontinental Exchange Trading Down 0.2 %

NYSE ICE opened at $166.57 on Thursday. The company has a current ratio of 0.99, a quick ratio of 1.00 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $169.75. The firm’s fifty day simple moving average is $153.74 and its 200-day simple moving average is $157.30. The company has a market capitalization of $95.64 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11.

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 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, sell-side analysts anticipate that Intercontinental Exchange, Inc. will post 6.63 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The firm 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 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is presently 37.66%.

Insider Buying and Selling at Intercontinental Exchange

In related news, SVP Douglas Foley sold 10,580 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $166.47, for a total value of $1,761,252.60. Following the transaction, the senior vice president now directly owns 21,992 shares of the company’s stock, valued at approximately $3,661,008.24. This trade represents a 32.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $27,183,234.11. This trade represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,358 shares of company stock worth $5,535,650 over the last ninety days. 1.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ICE shares. UBS Group raised their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. 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 note on Friday, January 17th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Intercontinental Exchange in a 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. Finally, Barclays boosted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intercontinental Exchange has an average rating of “Moderate Buy” and an average 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.