John & Kathleen Schreiber Foundation Invests $495,000 in Intercontinental Exchange, Inc. (NYSE:ICE)

John & Kathleen Schreiber Foundation acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,323 shares of the financial services provider’s stock, valued at approximately $495,000. Intercontinental Exchange makes up approximately 0.3% of John & Kathleen Schreiber Foundation’s investment portfolio, making the stock its 5th largest holding.

A number of other institutional investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new stake in Intercontinental Exchange in the 4th quarter valued at $25,000. FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at about $31,000. BankPlus Trust Department acquired a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $40,000. Golden State Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange during the 4th quarter valued at about $51,000. Finally, Hanson & Doremus Investment Management acquired a new position in Intercontinental Exchange during the 4th quarter worth approximately $55,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Intercontinental Exchange Trading Up 1.3 %

Intercontinental Exchange stock opened at $171.28 on Monday. 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 1 year low of $124.34 and a 1 year high of $175.41. The firm’s 50-day moving average is $161.47 and its 200-day moving average is $159.63. The company has a market cap of $98.41 billion, a P/E ratio of 35.83, a PEG ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last issued its earnings results 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%. On average, equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is presently 40.17%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays increased their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. dropped their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. 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 report on Friday, February 7th. StockNews.com upgraded Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target 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 issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $178.80.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, insider Christopher Scott Edmonds sold 6,834 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now owns 17,972 shares in the company, valued at approximately $3,001,144.28. This trade represents a 27.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Benjamin Jackson sold 7,900 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total value of $1,354,297.00. Following the transaction, the president now owns 147,274 shares of the company’s stock, valued at approximately $25,247,181.82. This represents a 5.09 % 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. 1.10% of the stock is owned by insiders.

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.