American Money Management LLC Purchases 148 Shares of Intercontinental Exchange, Inc. (NYSE:ICE)

American Money Management LLC increased its position in Intercontinental Exchange, Inc. (NYSE:ICE) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,201 shares of the financial services provider’s stock after purchasing an additional 148 shares during the quarter. American Money Management LLC’s holdings in Intercontinental Exchange were worth $2,116,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Strategy Asset Managers LLC boosted its position in shares of Intercontinental Exchange by 0.5% during the 4th quarter. Strategy Asset Managers LLC now owns 42,381 shares of the financial services provider’s stock valued at $6,315,000 after acquiring an additional 216 shares in the last quarter. Allianz SE bought a new position in Intercontinental Exchange during the fourth quarter worth about $240,000. Allstate Corp acquired a new stake in Intercontinental Exchange during the fourth quarter valued at approximately $2,536,000. Brown Brothers Harriman & Co. boosted its holdings in Intercontinental Exchange by 2.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 43,036 shares of the financial services provider’s stock valued at $6,413,000 after purchasing an additional 1,074 shares in the last quarter. Finally, DnB Asset Management AS grew its stake in shares of Intercontinental Exchange by 2.2% in the 4th quarter. DnB Asset Management AS now owns 303,672 shares of the financial services provider’s stock valued at $45,250,000 after purchasing an additional 6,667 shares during the period. Institutional investors and hedge funds own 89.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ICE. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. StockNews.com upgraded shares of Intercontinental Exchange from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. dropped their target price on shares of Intercontinental Exchange from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. UBS Group boosted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Intercontinental Exchange from $178.00 to $186.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of “Moderate Buy” and an average target price of $178.80.

Intercontinental Exchange Stock Down 1.0 %

NYSE ICE opened at $174.65 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.99 and a current ratio of 0.99. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $177.45. The stock has a market capitalization of $100.35 billion, a P/E ratio of 36.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The stock has a fifty day moving average of $167.12 and a 200-day moving average of $160.56.

Intercontinental Exchange (NYSE:ICE) last announced its quarterly earnings data 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, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

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

Insider Buying and Selling at Intercontinental Exchange

In other news, CTO Mayur Kapani sold 5,661 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $147.59, for a total value of $835,506.99. Following the transaction, the chief technology officer now directly owns 66,548 shares in the company, valued at $9,821,819.32. This trade represents a 7.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 sale, the president now directly owns 147,274 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders have sold 66,563 shares of company stock valued at $10,998,990. 1.10% of the stock is currently owned by insiders.

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.