Stonebrook Private Inc. Takes $731,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Stonebrook Private Inc. bought a new stake in Intercontinental Exchange, Inc. (NYSE:ICE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,692 shares of the financial services provider’s stock, valued at approximately $731,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB raised its position in shares of Intercontinental Exchange by 27.3% in the 4th quarter. Nordea Investment Management AB now owns 56,870 shares of the financial services provider’s stock valued at $7,311,000 after buying an additional 12,208 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Intercontinental Exchange by 7.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 126,854 shares of the financial services provider’s stock valued at $13,956,000 after buying an additional 8,320 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Intercontinental Exchange by 9.3% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,235,985 shares of the financial services provider’s stock valued at $158,738,000 after buying an additional 105,042 shares in the last quarter. First County Bank CT increased its position in Intercontinental Exchange by 2.7% during the 3rd quarter. First County Bank CT now owns 3,811 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 100 shares in the last quarter. Finally, RWA Wealth Partners LLC increased its position in Intercontinental Exchange by 106.2% during the 4th quarter. RWA Wealth Partners LLC now owns 22,928 shares of the financial services provider’s stock worth $2,945,000 after purchasing an additional 11,809 shares in the last quarter. 89.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ICE has been the topic of a number of research reports. Bank of America reduced their target price on shares of Intercontinental Exchange from $156.00 to $153.00 and set a “buy” rating on the stock in a report on Friday, April 19th. StockNews.com raised shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Citigroup boosted their target price on shares of Intercontinental Exchange from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, April 4th. Rosenblatt Securities boosted their target price on shares of Intercontinental Exchange from $154.00 to $164.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, UBS Group upped their price objective on shares of Intercontinental Exchange from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, February 12th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.08.

Intercontinental Exchange Stock Down 0.1 %

Shares of Intercontinental Exchange stock traded down $0.12 during trading on Friday, reaching $131.70. 2,406,708 shares of the company traded hands, compared to its average volume of 2,148,893. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.00 and a quick ratio of 1.00. Intercontinental Exchange, Inc. has a 1-year low of $103.81 and a 1-year high of $140.43. The company has a 50 day moving average price of $135.86 and a 200-day moving average price of $125.28. The firm has a market capitalization of $75.41 billion, a PE ratio of 31.36, a P/E/G ratio of 2.15 and a beta of 1.02.

Intercontinental Exchange (NYSE:ICE) last released its earnings results on Thursday, February 8th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.04. Intercontinental Exchange had a net margin of 23.91% and a return on equity of 12.91%. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter in the previous year, the company earned $1.25 EPS. Intercontinental Exchange’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, equities research analysts expect that Intercontinental Exchange, Inc. will post 5.97 earnings per share for the current fiscal year.

Intercontinental Exchange Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.45 per share. This is an increase from Intercontinental Exchange’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, March 14th. This represents a $1.80 annualized dividend and a yield of 1.37%. Intercontinental Exchange’s dividend payout ratio is presently 42.86%.

Insiders Place Their Bets

In other Intercontinental Exchange news, SVP Douglas Foley sold 7,070 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $136.09, for a total transaction of $962,156.30. Following the transaction, the senior vice president now owns 18,383 shares in the company, valued at $2,501,742.47. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CAO James W. Namkung sold 1,182 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $132.03, for a total value of $156,059.46. Following the completion of the sale, the chief accounting officer now owns 16,396 shares in the company, valued at $2,164,763.88. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Douglas Foley sold 7,070 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $136.09, for a total transaction of $962,156.30. Following the completion of the sale, the senior vice president now owns 18,383 shares of the company’s stock, valued at approximately $2,501,742.47. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,491 shares of company stock worth $21,454,204. Insiders own 1.10% of the company’s stock.

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.