2,450 Shares in Intercontinental Exchange, Inc. (NYSE:ICE) Purchased by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc acquired a new stake in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,450 shares of the financial services provider's stock, valued at approximately $365,000.

Other institutional investors have also modified their holdings of the company. Motley Fool Asset Management LLC boosted its position in Intercontinental Exchange by 13.0% during the 4th quarter. Motley Fool Asset Management LLC now owns 26,115 shares of the financial services provider's stock worth $3,891,000 after purchasing an additional 3,007 shares during the period. Nicolet Advisory Services LLC lifted its position in Intercontinental Exchange by 2.3% during the 4th quarter. Nicolet Advisory Services LLC now owns 7,406 shares of the financial services provider's stock worth $1,058,000 after acquiring an additional 168 shares in the last quarter. Cinctive Capital Management LP boosted its holdings in Intercontinental Exchange by 47.8% in the 4th quarter. Cinctive Capital Management LP now owns 13,078 shares of the financial services provider's stock worth $1,949,000 after acquiring an additional 4,232 shares during the period. Bryce Point Capital LLC acquired a new stake in Intercontinental Exchange in the fourth quarter valued at approximately $552,000. Finally, Kesler Norman & Wride LLC raised its stake in shares of Intercontinental Exchange by 0.7% during the fourth quarter. Kesler Norman & Wride LLC now owns 51,555 shares of the financial services provider's stock valued at $7,683,000 after purchasing an additional 383 shares during the period. Hedge funds and other institutional investors own 89.30% of the company's stock.

Insider Buying and Selling at Intercontinental Exchange

In related news, President Benjamin Jackson sold 5,828 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $165.71, for a total value of $965,757.88. Following the sale, the president now directly owns 164,041 shares in the company, valued at $27,183,234.11. This trade represents a 3.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Scott Edmonds sold 601 shares of Intercontinental Exchange stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $147.73, for a total value of $88,785.73. Following the sale, the insider now directly owns 12,922 shares in the company, valued at $1,908,967.06. The trade was a 4.44 % decrease in their position. 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 company insiders.

Intercontinental Exchange Stock Performance

ICE stock traded up $1.34 during midday trading on Tuesday, reaching $155.99. The company had a trading volume of 1,641,485 shares, compared to its average volume of 2,860,761. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $168.37 and a 200 day moving average price of $160.75. The firm has a market capitalization of $89.62 billion, a PE ratio of 32.56, a P/E/G ratio of 2.10 and a beta of 1.09. Intercontinental Exchange, Inc. has a fifty-two week low of $124.34 and a fifty-two week high of $177.45.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.52 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%. Analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's payout ratio is 40.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ICE. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. StockNews.com raised Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Bank of America decreased their price target on shares of Intercontinental Exchange from $237.00 to $230.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price target 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. Finally, Barclays increased their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $182.47.

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.