Bradyco Inc. Makes New Investment in Intercontinental Exchange, Inc. (NYSE:ICE)

Bradyco Inc. bought a new position in Intercontinental Exchange, Inc. (NYSE:ICE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,985 shares of the financial services provider's stock, valued at approximately $743,000.

A number of other institutional investors also recently modified their holdings of ICE. Sierra Ocean LLC bought a new position in shares of Intercontinental Exchange in the fourth quarter worth about $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth approximately $29,000. FSA Wealth Management LLC acquired a new stake in shares of Intercontinental Exchange during the 3rd quarter worth approximately $31,000. BankPlus Trust Department acquired a new stake in shares of Intercontinental Exchange during the 4th quarter worth approximately $40,000. Finally, Planning Capital Management Corp grew its position in shares of Intercontinental Exchange by 96.7% during the 3rd quarter. Planning Capital Management Corp now owns 299 shares of the financial services provider's stock worth $48,000 after buying an additional 147 shares during the period. 89.30% of the stock is owned by institutional investors.

Intercontinental Exchange Stock Up 0.4 %

ICE traded up $0.75 during trading on Friday, reaching $170.40. The company had a trading volume of 3,541,790 shares, compared to its average volume of 2,591,358. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. Intercontinental Exchange, Inc. has a 12 month low of $124.34 and a 12 month high of $175.41. The business's fifty day moving average price is $159.46 and its 200 day moving average price is $159.29. The company has a market cap of $97.91 billion, a P/E ratio of 35.65, a PEG ratio of 2.10 and a beta of 1.08.

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Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). Intercontinental Exchange had a net margin of 23.42% and a return on equity of 12.95%. Equities analysts anticipate that Intercontinental Exchange, Inc. will post 6.73 EPS for the current year.

Intercontinental Exchange Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Tuesday, December 16th. Intercontinental Exchange's dividend payout ratio is presently 40.17%.

Insider Transactions at Intercontinental Exchange

In other news, insider Christopher Scott Edmonds sold 601 shares of the business's 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 owns 12,922 shares of the company's stock, valued at $1,908,967.06. The trade was a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Benjamin Jackson sold 7,900 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $171.43, for a total transaction of $1,354,297.00. Following the completion of the sale, the president now directly owns 147,274 shares in the company, valued at approximately $25,247,181.82. This represents a 5.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,268 shares of company stock valued at $11,262,789 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ICE shares. Barclays lifted their price target on shares of Intercontinental Exchange from $179.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, February 7th. StockNews.com upgraded shares of Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. UBS Group lifted their price target on shares of Intercontinental Exchange from $185.00 to $195.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. 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 report on Friday, February 7th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Intercontinental Exchange in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Intercontinental Exchange presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.80.

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.