Charles Carroll Financial Partners LLC Raises Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Charles Carroll Financial Partners LLC boosted its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 46.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 12,565 shares of the financial services provider’s stock after purchasing an additional 4,000 shares during the period. Intercontinental Exchange makes up 1.7% of Charles Carroll Financial Partners LLC’s investment portfolio, making the stock its 19th largest holding. Charles Carroll Financial Partners LLC’s holdings in Intercontinental Exchange were worth $1,614,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fortitude Family Office LLC purchased a new position in Intercontinental Exchange during the 4th quarter worth $28,000. Stuart Chaussee & Associates Inc. purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp purchased a new stake in shares of Intercontinental Exchange in the third quarter valued at about $26,000. OFI Invest Asset Management purchased a new stake in shares of Intercontinental Exchange in the third quarter valued at about $25,000. Finally, BKM Wealth Management LLC purchased a new stake in shares of Intercontinental Exchange in the fourth quarter valued at about $31,000. 89.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Douglas Foley sold 7,070 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.09, for a total value of $962,156.30. Following the completion of the transaction, the senior vice president now owns 18,383 shares of the company’s stock, valued at $2,501,742.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, SVP Douglas Foley sold 7,070 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $136.09, for a total value of $962,156.30. Following the completion of the transaction, the senior vice president now owns 18,383 shares of the company’s stock, valued at $2,501,742.47. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Intercontinental Exchange, Inc acquired 2,762,009 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was purchased at an average cost of $0.87 per share, with a total value of $2,402,947.83. Following the transaction, the insider now owns 7,476,345 shares of the company’s stock, valued at $6,504,420.15. The disclosure for this purchase can be found here. Insiders sold a total of 157,832 shares of company stock valued at $21,499,127 over the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley lifted their target price on shares of Intercontinental Exchange from $139.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. StockNews.com downgraded shares of Intercontinental Exchange from a “hold” rating to a “sell” rating in a report on Friday. JPMorgan Chase & Co. lifted their target price on shares of Intercontinental Exchange from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Friday. Keefe, Bruyette & Woods reduced their price objective on shares of Intercontinental Exchange from $156.00 to $155.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Bank of America reduced their price objective on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating for the company in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.92.

Intercontinental Exchange Price Performance

ICE traded up $3.96 during midday trading on Friday, reaching $130.50. 3,991,238 shares of the company’s stock were exchanged, compared to its average volume of 2,404,087. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.01 and a quick ratio of 1.00. The stock has a market capitalization of $74.73 billion, a PE ratio of 29.93, a P/E/G ratio of 2.14 and a beta of 1.02. The business’s 50-day moving average price is $135.01 and its 200 day moving average price is $125.81. Intercontinental Exchange, Inc. has a 1-year low of $103.81 and a 1-year high of $140.43.

Intercontinental Exchange (NYSE:ICE) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.48. The company had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.31 billion. Intercontinental Exchange had a net margin of 24.24% and a return on equity of 12.76%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 earnings per share. As a group, equities analysts anticipate that Intercontinental Exchange, Inc. will post 5.95 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Thursday, June 13th. Intercontinental Exchange’s dividend payout ratio is presently 41.28%.

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.