Intercontinental Exchange, Inc. (NYSE:ICE) Shares Purchased by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC boosted its holdings in Intercontinental Exchange, Inc. (NYSE:ICE) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,414 shares of the financial services provider’s stock after buying an additional 85 shares during the period. Prestige Wealth Management Group LLC’s holdings in Intercontinental Exchange were worth $211,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. M.D. Sass LLC boosted its position in shares of Intercontinental Exchange by 30.1% in the fourth quarter. M.D. Sass LLC now owns 403,415 shares of the financial services provider’s stock worth $60,113,000 after acquiring an additional 93,227 shares during the last quarter. Zions Bancorporation N.A. raised its stake in Intercontinental Exchange by 17.4% during the fourth quarter. Zions Bancorporation N.A. now owns 9,539 shares of the financial services provider’s stock worth $1,421,000 after purchasing an additional 1,417 shares during the period. TIAA Trust National Association boosted its holdings in shares of Intercontinental Exchange by 1.5% in the 4th quarter. TIAA Trust National Association now owns 11,689 shares of the financial services provider’s stock valued at $1,742,000 after purchasing an additional 170 shares during the last quarter. Modern Wealth Management LLC grew its stake in shares of Intercontinental Exchange by 31.5% during the 4th quarter. Modern Wealth Management LLC now owns 1,839 shares of the financial services provider’s stock valued at $274,000 after buying an additional 441 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth $294,000. Hedge funds and other institutional investors own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

ICE has been the topic of a number of research analyst reports. Royal Bank of Canada reiterated 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. JPMorgan Chase & Co. cut their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Barclays boosted their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Finally, StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $178.80.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $147.73, for a total value of $88,785.73. Following the completion of the sale, the insider now directly owns 12,922 shares in the company, valued at approximately $1,908,967.06. The trade was a 4.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Benjamin Jackson sold 7,900 shares of the firm’s stock in a transaction 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 in the company, valued at $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. In the last 90 days, insiders sold 66,563 shares of company stock valued at $10,998,990. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Trading Up 0.2 %

NYSE:ICE opened at $175.58 on Wednesday. The stock has a market cap of $100.88 billion, a price-to-earnings ratio of 36.73, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $176.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50-day simple moving average is $165.53 and its 200 day simple moving average is $160.26.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share (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 earnings per share for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s dividend payout ratio is currently 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.