Intercontinental Exchange, Inc. (NYSE:ICE) Shares Acquired by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its holdings in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,818 shares of the financial services provider’s stock after purchasing an additional 145 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Intercontinental Exchange were worth $1,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Apollon Wealth Management LLC boosted its stake in Intercontinental Exchange by 27.2% during the fourth quarter. Apollon Wealth Management LLC now owns 18,036 shares of the financial services provider’s stock worth $2,688,000 after buying an additional 3,854 shares during the period. Conning Inc. boosted its position in shares of Intercontinental Exchange by 8.2% during the 4th quarter. Conning Inc. now owns 33,718 shares of the financial services provider’s stock worth $5,024,000 after purchasing an additional 2,543 shares during the period. Shepherd Financial Partners LLC boosted its position in shares of Intercontinental Exchange by 1.3% during the 4th quarter. Shepherd Financial Partners LLC now owns 6,593 shares of the financial services provider’s stock worth $982,000 after purchasing an additional 85 shares during the period. Generate Investment Management Ltd increased its holdings in Intercontinental Exchange by 14.4% in the 4th quarter. Generate Investment Management Ltd now owns 105,632 shares of the financial services provider’s stock valued at $15,740,000 after purchasing an additional 13,305 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $51,000. 89.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity 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 transaction of $1,761,252.60. Following the transaction, the senior vice president now owns 21,992 shares in the company, valued at $3,661,008.24. This trade represents a 32.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Benjamin Jackson sold 5,828 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were 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 represents a 3.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,358 shares of company stock valued at $5,535,650 in the last ninety days. Insiders own 1.10% of the company’s stock.

Intercontinental Exchange Stock Up 0.3 %

Intercontinental Exchange stock opened at $167.28 on Tuesday. The stock’s fifty day moving average is $153.35 and its two-hundred day moving average is $157.06. The stock has a market cap of $96.05 billion, a PE ratio of 35.00, a P/E/G ratio of 3.21 and a beta of 1.11. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $169.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 1.00.

Intercontinental Exchange (NYSE:ICE) last posted 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%. On average, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.63 EPS for the current fiscal year.

Intercontinental Exchange Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 37.66%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ICE. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on Intercontinental Exchange from $160.00 to $163.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Morgan Stanley lifted their price objective on shares of Intercontinental Exchange from $160.00 to $174.00 and gave the company an “equal weight” rating in a report on Thursday, October 17th. Finally, Barclays upped their target price on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $178.80.

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.