Atlas Legacy Advisors LLC Buys Shares of 3,269 Intercontinental Exchange, Inc. (NYSE:ICE)

Atlas Legacy Advisors LLC purchased a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,269 shares of the financial services provider's stock, valued at approximately $487,000.

Several other institutional investors have also added to or reduced their stakes in the business. State Street Corp boosted its holdings in Intercontinental Exchange by 1.2% in the third quarter. State Street Corp now owns 23,651,598 shares of the financial services provider's stock worth $3,799,393,000 after acquiring an additional 281,503 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Intercontinental Exchange by 1.5% in the third quarter. Geode Capital Management LLC now owns 11,555,615 shares of the financial services provider's stock worth $1,848,868,000 after purchasing an additional 169,922 shares during the last quarter. FMR LLC raised its stake in shares of Intercontinental Exchange by 44.1% in the third quarter. FMR LLC now owns 7,846,421 shares of the financial services provider's stock worth $1,260,449,000 after purchasing an additional 2,401,630 shares during the last quarter. Parnassus Investments LLC raised its stake in shares of Intercontinental Exchange by 4.0% in the third quarter. Parnassus Investments LLC now owns 7,838,727 shares of the financial services provider's stock worth $1,259,213,000 after purchasing an additional 299,037 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Intercontinental Exchange by 8.0% in the third quarter. Franklin Resources Inc. now owns 5,265,020 shares of the financial services provider's stock worth $865,455,000 after purchasing an additional 390,332 shares during the last quarter. Institutional investors and hedge funds own 89.30% of the company's stock.

Analyst Ratings Changes

ICE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Barclays lifted their price target on Intercontinental Exchange from $179.00 to $189.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. UBS Group lifted their price target on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Keefe, Bruyette & Woods lifted their price target on Intercontinental Exchange from $178.00 to $186.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. reduced their price target on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and an average target price of $178.80.

Intercontinental Exchange Price Performance

ICE traded up $1.25 during trading on Friday, hitting $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 current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. Intercontinental Exchange, Inc. has a twelve month low of $124.34 and a twelve month high of $169.78. The business's fifty day simple moving average is $155.42 and its 200 day simple moving average is $158.18. The firm has a market capitalization 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.

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 the consensus estimate of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. On average, equities research analysts forecast that Intercontinental Exchange, Inc. will post 6.73 EPS for the current fiscal year.

Intercontinental Exchange Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is presently 37.66%.

Insider Transactions at Intercontinental Exchange

In other news, General Counsel Andrew J. Surdykowski sold 955 shares of Intercontinental Exchange stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $156.08, for a total value of $149,056.40. Following the sale, the general counsel now directly owns 44,702 shares of the company's stock, valued at $6,977,088.16. The trade was a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Stuart Glen Williams sold 750 shares of Intercontinental Exchange stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total value of $114,742.50. Following the completion of the sale, the chief operating officer now directly owns 12,780 shares in the company, valued at $1,955,212.20. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 66,196 shares of company stock valued at $10,840,972 over the last ninety days. Insiders own 1.10% of the company's stock.

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.