Intercontinental Exchange, Inc. (NYSE:ICE) Holdings Raised by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its position in shares of Intercontinental Exchange, Inc. (NYSE:ICE) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,523 shares of the financial services provider’s stock after purchasing an additional 132 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Intercontinental Exchange were worth $376,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. bought a new stake in shares of Intercontinental Exchange during the 3rd quarter valued at about $227,000. Commerce Bank grew its holdings in shares of Intercontinental Exchange by 1.3% during the third quarter. Commerce Bank now owns 23,970 shares of the financial services provider’s stock valued at $3,851,000 after purchasing an additional 300 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Intercontinental Exchange by 6.1% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,406 shares of the financial services provider’s stock worth $708,000 after purchasing an additional 254 shares during the period. Citizens Financial Group Inc. RI raised its position in shares of Intercontinental Exchange by 53.0% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 11,491 shares of the financial services provider’s stock worth $1,846,000 after purchasing an additional 3,982 shares during the period. Finally, King Luther Capital Management Corp lifted its holdings in shares of Intercontinental Exchange by 135.2% in the 3rd quarter. King Luther Capital Management Corp now owns 122,538 shares of the financial services provider’s stock worth $19,685,000 after purchasing an additional 70,436 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. UBS Group increased their target price on Intercontinental Exchange from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. cut their price objective on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Keefe, Bruyette & Woods upped their target price on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. StockNews.com raised Intercontinental Exchange from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Finally, Barclays increased their price objective on Intercontinental Exchange from $179.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.80.

Intercontinental Exchange Stock Down 0.7 %

Shares of ICE stock opened at $174.42 on Friday. Intercontinental Exchange, Inc. has a 1 year low of $124.34 and a 1 year high of $175.99. 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 fifty day moving average is $164.29 and its 200-day moving average is $160.09. The stock has a market cap of $100.22 billion, a PE ratio of 36.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08.

Intercontinental Exchange (NYSE:ICE) last released 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 return on equity of 12.95% and a net margin of 23.42%. Equities analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange’s payout ratio is 40.17%.

Insiders Place Their Bets

In related news, President Benjamin Jackson sold 7,900 shares of Intercontinental Exchange 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 directly owns 147,274 shares in the company, valued at $25,247,181.82. The trade was a 5.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Mayur Kapani sold 5,661 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.59, for a total value of $835,506.99. Following the sale, the chief technology officer now directly owns 66,548 shares of the company’s stock, valued at approximately $9,821,819.32. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,563 shares of company stock worth $10,998,990. 1.10% of the stock is owned by insiders.

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.