Advyzon Investment Management LLC Takes $392,000 Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Advyzon Investment Management LLC purchased a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,629 shares of the financial services provider's stock, valued at approximately $392,000.

Several other institutional investors have also modified their holdings of the company. AMF Tjanstepension AB lifted its holdings in Intercontinental Exchange by 14.5% in the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider's stock worth $20,441,000 after purchasing an additional 16,130 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Intercontinental Exchange by 836.4% in the third quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider's stock worth $66,000 after purchasing an additional 368 shares during the period. Northwest Investment Counselors LLC acquired a new stake in Intercontinental Exchange in the third quarter worth about $26,000. Whittier Trust Co. lifted its holdings in Intercontinental Exchange by 1.3% in the third quarter. Whittier Trust Co. now owns 5,916 shares of the financial services provider's stock worth $950,000 after purchasing an additional 76 shares during the period. Finally, Raleigh Capital Management Inc. lifted its holdings in Intercontinental Exchange by 26.4% in the third quarter. Raleigh Capital Management Inc. now owns 302 shares of the financial services provider's stock worth $49,000 after purchasing an additional 63 shares during the period. Institutional investors own 89.30% of the company's stock.

Insiders Place Their Bets

In other Intercontinental Exchange news, President Benjamin Jackson sold 5,828 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total transaction of $932,480.00. Following the completion of the sale, the president now owns 156,163 shares of the company's stock, valued at $24,986,080. This represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $166.99, for a total value of $1,141,209.66. Following the sale, the insider now directly owns 17,972 shares of the company's stock, valued at $3,001,144.28. The trade was a 27.55 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 66,196 shares of company stock valued at $10,840,972 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Intercontinental Exchange Stock Up 0.7 %

Shares of ICE traded up $1.25 during trading hours on Friday, reaching $168.04. The company's stock had a trading volume of 2,853,143 shares, compared to its average volume of 2,404,252. The company has a 50 day moving average of $155.42 and a two-hundred day moving average of $158.13. Intercontinental Exchange, Inc. has a 1-year low of $124.34 and a 1-year high of $169.78. The firm has a market cap of $96.55 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 2.10 and a beta of 1.11. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last released 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%. As a group, research analysts predict that Intercontinental Exchange, Inc. will post 6.73 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. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.92 dividend on an annualized basis and a yield of 1.14%. Intercontinental Exchange's payout ratio is currently 37.66%.

Analysts Set New Price Targets

ICE has been the subject of several research analyst reports. 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 report on Friday, February 7th. Barclays upped their price objective on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a report on Friday, February 7th. StockNews.com raised shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $178.80.

About Intercontinental Exchange

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.