Bradley Foster & Sargent Inc. CT Increases Stake in Intercontinental Exchange, Inc. (NYSE:ICE)

Bradley Foster & Sargent Inc. CT increased its stake in shares of Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) by 6,756.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 303,351 shares of the financial services provider's stock after acquiring an additional 298,927 shares during the period. Bradley Foster & Sargent Inc. CT owned approximately 0.05% of Intercontinental Exchange worth $45,202,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Intercontinental Exchange in the 4th quarter valued at approximately $25,000. Financial Management Professionals Inc. grew its stake in shares of Intercontinental Exchange by 106.1% in the third quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after purchasing an additional 87 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Intercontinental Exchange in the third quarter worth $29,000. FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange in the third quarter valued at $31,000. Finally, Planning Capital Management Corp lifted its holdings in shares of Intercontinental Exchange by 96.7% in the third quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider's stock valued at $48,000 after buying an additional 147 shares during the period. 89.30% of the stock is owned by institutional investors and hedge funds.

Intercontinental Exchange Stock Performance

Shares of Intercontinental Exchange stock traded up $1.25 during trading 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 business's 50-day moving average price is $155.42 and its 200-day moving average price is $158.13. The firm has a market cap of $96.55 billion, a PE ratio of 35.15, a P/E/G ratio of 2.10 and a beta of 1.11. Intercontinental Exchange, Inc. has a 52 week low of $124.34 and a 52 week high of $169.78. 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 posted 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%. Equities analysts forecast that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 annualized dividend and a yield of 1.14%. Intercontinental Exchange's dividend payout ratio is 37.66%.

Wall Street Analyst Weigh In

ICE has been the subject of a number of recent analyst reports. Barclays increased 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. Deutsche Bank Aktiengesellschaft raised their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Intercontinental Exchange in a research note on Tuesday, January 7th. UBS Group raised their price objective on Intercontinental Exchange from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. lowered their target price on Intercontinental Exchange from $190.00 to $189.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Intercontinental Exchange has a consensus rating of "Moderate Buy" and a consensus target price of $178.80.

Insider Buying and Selling

In other Intercontinental Exchange news, COO Stuart Glen Williams sold 750 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $152.99, for a total transaction of $114,742.50. Following the completion of the transaction, the chief operating officer now owns 12,780 shares of the company's stock, valued at approximately $1,955,212.20. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 17,104 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $166.62, for a total value of $2,849,868.48. Following the transaction, the president now directly owns 155,174 shares of the company's stock, valued at approximately $25,855,091.88. The trade was a 9.93 % 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 quarter. 1.10% of the stock is owned by company insiders.

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.