Bank of Jackson Hole Trust Takes Position in Intercontinental Exchange, Inc. (NYSE:ICE)

Bank of Jackson Hole Trust bought a new position in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,793 shares of the financial services provider's stock, valued at approximately $863,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ICE. AMF Tjanstepension AB increased its position in Intercontinental Exchange by 14.5% during the third quarter. AMF Tjanstepension AB now owns 127,199 shares of the financial services provider's stock worth $20,441,000 after acquiring an additional 16,130 shares during the period. Exchange Traded Concepts LLC increased its holdings in Intercontinental Exchange by 836.4% in the 3rd quarter. Exchange Traded Concepts LLC now owns 412 shares of the financial services provider's stock valued at $66,000 after buying an additional 368 shares during the period. Creative Planning increased its holdings in Intercontinental Exchange by 92.8% in the 3rd quarter. Creative Planning now owns 104,616 shares of the financial services provider's stock valued at $16,805,000 after buying an additional 50,354 shares during the period. Stratos Wealth Advisors LLC increased its holdings in Intercontinental Exchange by 4.3% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 3,536 shares of the financial services provider's stock valued at $568,000 after buying an additional 145 shares during the period. Finally, Capital Investment Advisors LLC bought a new stake in Intercontinental Exchange in the 3rd quarter valued at $224,000. Institutional investors own 89.30% of the company's stock.

Intercontinental Exchange Price Performance

NYSE ICE traded up $1.25 on Friday, hitting $168.04. 2,853,143 shares of the company were exchanged, compared to its average volume of 2,404,252. The firm has a 50 day moving average of $155.42 and a two-hundred day moving average of $158.18. The company has a market cap of $96.55 billion, a P/E ratio of 35.15, a P/E/G ratio of 2.10 and a beta of 1.11. 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 1-year low of $124.34 and a 1-year high of $169.78.

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

Intercontinental Exchange Dividend Announcement

The firm 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 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 presently 37.66%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ICE shares. 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 boosted 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. JPMorgan Chase & Co. lowered their price target on shares of Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. UBS Group upped their target price on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Finally, 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 report on Friday, February 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and a consensus price target of $178.80.

Insider Buying and Selling at Intercontinental Exchange

In other Intercontinental Exchange news, President Benjamin Jackson sold 17,104 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $166.62, for a total transaction of $2,849,868.48. Following the transaction, the president now directly owns 155,174 shares in the company, valued at approximately $25,855,091.88. This represents a 9.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Scott Edmonds sold 6,834 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $166.99, for a total transaction of $1,141,209.66. Following the transaction, the insider now owns 17,972 shares in the company, valued at approximately $3,001,144.28. The trade was a 27.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,196 shares of company stock worth $10,840,972. Company insiders own 1.10% of the company's stock.

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.