C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $1.35 Million in Intercontinental Exchange, Inc. (NYSE:ICE)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired 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 13F filing with the Securities and Exchange Commission. The fund acquired 9,035 shares of the financial services provider's stock, valued at approximately $1,346,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in Intercontinental Exchange during the 3rd quarter worth $26,000. Financial Management Professionals Inc. grew its position in Intercontinental Exchange by 106.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 169 shares of the financial services provider's stock worth $27,000 after acquiring an additional 87 shares during the last quarter. Sierra Ocean LLC bought a new stake in Intercontinental Exchange during the 4th quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in Intercontinental Exchange during the 3rd quarter worth $29,000. Finally, FSA Wealth Management LLC bought a new stake in Intercontinental Exchange during the 3rd quarter worth $31,000. Institutional investors own 89.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com upgraded Intercontinental Exchange from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Intercontinental Exchange in a research report on Tuesday, January 7th. Keefe, Bruyette & Woods upped 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. Barclays upped 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. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Intercontinental Exchange from $160.00 to $163.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $178.80.

Insiders Place Their Bets

In other Intercontinental Exchange news, General Counsel Andrew J. Surdykowski sold 955 shares of the 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 transaction, the general counsel now owns 44,702 shares in the company, valued at approximately $6,977,088.16. This represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Benjamin Jackson sold 5,828 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $160.00, for a total value of $932,480.00. Following the completion of the transaction, the president now owns 156,163 shares in the company, valued at approximately $24,986,080. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,196 shares of company stock worth $10,840,972. Corporate insiders own 1.10% of the company's stock.

Intercontinental Exchange Trading Up 0.7 %

Shares of Intercontinental Exchange stock traded up $1.25 on Friday, hitting $168.04. 2,853,143 shares of the company's stock traded hands, compared to its average volume of 2,404,252. Intercontinental Exchange, Inc. has a one year low of $124.34 and a one year high of $169.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.99. The company has a fifty day moving average of $155.42 and a two-hundred day moving average of $158.18. The company has a market capitalization of $96.55 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.10 and a beta of 1.11.

Intercontinental Exchange (NYSE:ICE - Get Free Report) last announced its earnings results 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%. As a group, sell-side analysts expect that Intercontinental Exchange, Inc. will post 6.73 earnings per share for the current year.

Intercontinental Exchange Announces Dividend

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

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.